South Korea’s INTAKE Secures $9.2M for Alt Proteins Made With Yeast-Based Precision Fermentation
INTAKE, a South Korean food tech company using yeast-based precision fermentation to produce alternative proteins, has raised KRW 13.5 billion (US$9.2 million) in Series C funding. The round was led by CJ Investment, HB Investment, Woori Venture Partners, KDB Industrial Bank Capital, J Curve Investment, and Wonik Investment Partners. INTAKE plans to use the funding for R&D and global infrastructure expansion for its microbial-based alternative protein business. Super-protein yeast strain …
Simple Planet Moves Closer to Halal Certification with New Serum-Free Technology
Seoul-based startup Simple Planet announced the will pursue Halal certification for its cell-based food products, as part of its strategy to tap into the global Halal market. This initiative comes on the heels of a recent collaboration with the Halal Science Center (HSC) at Chulalongkorn University in Thailand, formalized through a Memorandum of Understanding (MOU) signed last month. The partnership hopes to facilitate the certification process for cell-based products and …
South Korea Invests $10M in New Cultivated Meat Research Center
South Korea is investing US$10 million (₩14.5 billion) in the construction of a new cultivated meat research center in Uiseong County, North Gyeongsang Province. This includes around $3.6 million in state funding, with the remainder provided by the county and province. The capital will be deployed over a three-year period extending from 2025 until the expected completion of the facility in 2027. Claimed to be the first of its kind …
Simple Planet Plans to Achieve Halal Certification After Signing MoU With Halal Science Center Chulalongkorn University
South Korean biotech startup Simple Planet has signed a memorandum of understanding (MoU) with the Halal Science Center at Thailand’s Chulalongkorn University. Through the partnership, Simple Planet and the Center will conduct joint halal science and technology research. They will also share laboratory and human resources, organizing joint academic activities such as conferences and seminars in halal science and technology. The collaboration signifies Simple Planet’s commitment to establishing halal Good …
Simple Planet Unveils Serum-Free Cell Culture Medium, Slashing Costs by 99.8%
South Korea-based alternative protein company Simple Planet has announced the development of a patented, serum-free cell culture medium designed for use in cell-based food production, biopharmaceuticals, and regenerative medicine. The medium, created through probiotics recycling, is expected to launch globally in 2025. According to the company, the formulation could reduce production costs by over 99.8% compared to conventional media. By replacing fetal bovine serum (FBS) with probiotics-derived metabolites, the medium …
New Tri-Party Initiative Launches to Accelerate Cultivated Meat in South Korea Ahead of 2025 Market Launch
The Good Food Institute APAC (GFI APAC), the Korea Biotechnology Industry Organization (KoreaBIO), and the Bio-based Future Food Industry Committee (BFFIC) have joined forces to accelerate novel proteins in South Korea. The partnership was formalized in a memorandum of understanding (MOU) ceremony in Seoul, attended by GFI Founder and President Bruce Friedrich, KoreaBIO Vice President Seung-kyou Lee, and BFFIC President Dominic Jeong. As part of the MOU, the organizations will …
Pureture and Kangwon National University Launch Research Center to Innovate Non-GMO Yeast-Derived Proteins
New York startup Pureture, a developer of animal-free ingredients with a focus on alternative casein proteins and high-functionality yeast strains, has partnered with South Korea’s Kangwon National University to establish the “Alternative Protein Research Center.” The center aims to develop innovative solutions at scale for the global alternative protein market, explains the startup in an announcement this Wednesday. This new joint initiative will leverage the University’s expertise in fermentation science …
UMAMI Bioworks to Establish South Korea’s First Cultivated Seafood Facility Through Strategic Partnership
UMAMI Bioworks (previously Umami Meats) continues to expand its footprint across Asia to offer sustainable solutions to the growing demand for seafood products. Today, the Singaporean company announces a strategic partnership with South Korean biotechnology firm KCell Biosciences and bioprocess solutions provider WSG to establish a scalable production pipeline for cultivated seafood in South Korea. The parties also intend to co-invest in a GMP-compliant hub facility to produce cultivated eel …
Marbled Cultivated Meat by TissenBioFarm Wins AgTech Breakthrough Award
South Korea’s TissenBioFarm announces it has won the “Cultured Meat Product of the Year” in the 2024 AgTech Breakthrough Awards. The cultivated meat startup says that the award recognizes the impact of its low-cost, scalable technologies for producing cultivated meat. AgTech Breakthrough is a market intelligence organization that acknowledges top companies, technologies, and products in the agricultural and food industry. Bryan Vaughn, Managing Director of AgTech Breakthrough, shared, “TissenBioFarm is creating …
Simple Planet: “It is a Way to Maintain Biodiversity Through Cell Culture and Reduce the Burden on the Earth”
South Korea’s leading cultivated meat company, Simple Planet, says it thrives on “leading the cell-based foods industry by reshaping food production platforms for the next generations”. Founded in 2022, the company has developed specialized cell lines from beef, pork, seafood, and chicken, and focuses on induced pluripotent stem cells “as an unlimited cell source for cell-based foods”. Simple Planet’s products include a high protein cultivated meat powder, animal fat paste, …