Israel steps closer to winning the race to serve cultured meat
The company says its first product will be about one-third cell-cultured meat and two-thirds plant-based, that it will likely be cost-competitive and ready for the market by 2021, and that a fully cell-cultured product will be ready for launch in 2022.
CHASE PURDY: ‘In the edible space race to bring cell-cultured meat to market, Israel just stepped up its game. Israeli startup Future Meat Technologies this month announced its plan to build the world’s first pilot production facility for growing cultured meat, a signal of just how close scientists and entrepreneurs are to getting a product into consumers’ hands.
Yaakov Nahmias, founder of the company, says it plans to break ground on the facility in coming months, making history just south of Tel Aviv, in a relatively small Israeli city called Rehovot. In 2014, Nahmias won the Rappaport Prize for biomedical sciences for his work on liver tissue engineering—expertise he’s now applied to the challenge of growing cost-competitive chicken and beef from animal cells.
In the race to produce and serve cell-cultured meat, the facility would make Israel a front-runner, standing toe-to-toe with the US and Singapore as a possible introductory market… there are close to 30 companies around the world looking to grow cell-cultured meat, but the vast majority of them aren’t prepared to begin scaling up their production…
Nahmias and his CEO, Rom Kshuk, have laid out big goals for the company. Unlike some of its Silicon Valley counterparts, Future Meat Technologies seeks to be a business-to-business operation. It aims to market its animal cell lines, nutrient-dense liquid mediums that cells feed on, and cell-culturing equipment to existing meat companies, such as Tyson Foods, rather than selling under its own branding alone…
The company says its first product will be about one-third cell-cultured meat and two-thirds plant-based, that it will likely be cost-competitive and ready for the market by 2021, and that a fully cell-cultured product will be ready for launch in 2022′. SOURCE…
RELATED VIDEO: