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After Mosa Meat showed off the world s first hamburger made from cell-based meat in 2013 a process that took two years and cost the equivalent of $325,000 people believed that real meat could be made without slaughtering an animal.
Then came the next challenge: producing cell-based meat less expensively, let alone at a price affordable to a consumer.
The price has been steadily dropping thanks to more players in the game, scientific advancements, new plant-based growth media, and partnerships across different scientific disciplines. Most recently, Israel-based Future Meat Technologies has gotten the price to produce a cell-based chicken breast down to about $7.50.
Soup-To-Nuts Podcast: Cultivated meat inches closer to mass market with price drop, fundraises for new technology In the next 12 to 18 months, cultivated meat could become available to the masses, according to some industry players raising funds to scale production of technological and scientific advances that will allow for lower production costs and a lower consumer price point.
Today, Israel-based Future Meat Technologies announced a significant price drop in the production of its chicken patties that beat investor expectations as well as a $26.75m fundraise that will allow it to further scale its GMO-free cell lines and bioreactors to further strive for price parity with conventional meat.
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Big Idea Ventures launches $125m fund to help fund food & ag startups commercializing ‘groundbreaking’ IP developed at universities By Elaine Watson Recognizing that breakthrough technologies that could transform the global food supply chain often originate in academia, Big Idea Ventures has launched a $125m fund to commercialize IP from some of the nation’s leading universities and fuel economic development in rural communities across the country.
The Generation Food Rural Partners (GFRP) fund – which is teaming up with
North Carolina State University as its inaugural collaborator - will work with multiple universities to identify research with the strongest commercialization potential and then invest in new companies formed around that research, said
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Singapore recently became the first government to approve the use of lab-grown meat as an ingredient in food. Many have seen the move as a bellwether for the development of a global synthetic meat market an innovative sector which in the long term could significantly reduce our reliance on the slaughter of animals for food while significantly reducing carbon emissions.
While the concept of growing meat in a lab has been explored through works of science fiction for decades, Nasa led the way by starting real-world experiments in this area more than 20 years ago. Initially, the costs of producing synthetic meat were commercially prohibitive. Nevertheless, scientists have continued with their efforts to grow economically viable meat from animal stem cells. Under this process, after the original stem cells are harvested, the meat produced will not have harmed an animal.