Singaporean alt-protein startup Shiok Meats has acquired local counterpart Gaia Foods in a deal which will see it expand beyond its existing portfolio of cell-cultured crustacean meat.
So why is it that women are particularly well-represented in Asian plant-based and cultivated meat companies, compared with other industries and regions? We spoke to some of the brilliant CEOs, scientists, investors, and innovators who have helped transition the region’s alternative protein space from a nascent niche into a global economic engine in just a handful of years, to get insights into how (and why) they made. it. happen.
In January, Aleph Farms signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation’s Food Industry Group to explore the potential of cultivated meat in the increasingly meat-hungry Japan.“This MoU implements specific action items on future consumer acceptance and regulatory pathways. The end goal would be to manufacture and market cultivated meat to the Japanese consumers,” Toubia explained.
The virtual Asia-Pacific Agri-Food Innovation Summit will offer three days of 1-1 meetings, interactive group discussions, and critical intelligence from industry leaders to accelerate innovation in supply chain resilience, urban food systems, alternative proteins and affordable nutrition.
The Good Food Institute Asia-Pacific will share the real stories behind this booming industry in our inaugural Asia Summit on Alternative Proteins. This summit will not be like anything else you’ve seen over the past couple of months. We will go in-depth, ask those questions no one dares to ask, and create those real-life connections we’ve all been longing for. Join us on 20-21 August 2020. This is the Asia industry summit you don’t want to miss out on.
Singapore-based foodtech startup Shiok Meats said it has raised US$3 million in a bridge funding round from Agronomics, US-based VegInvest, UK-based Impact Venture, and UAE-headquartered Mindshift Capital Fund, securing a total of US$7.6 million in funding to date.
Plant-based meats are well-known and accepted in China such as Baicaowei’s recent plant-based sausage snack and Jinzi’s plant-based patties, and Greater China countries have seen more advancement such as cell-based seafood firm Avant Meats in Hong Kong, but so far, cell-based meat is pretty much in its infancy in the country. Last year, the Nanjing Agricultural University reported that a team there had produced 5g of pork from muscle stem cells, but not much else about cultured meat has made headlines since then.
Japanese food tech IntegriCulture Inc. has just completed its Series A funding with ¥800 million (US$7.4 million). The round was led by Beyond Next Ventures, NH Foods and AgFunder, and marks the largest Series A raised by the cultivated food startup industry and the largest publicly disclosed by any alternative protein company in the region. IntegriCulture plans to use the capital to push forward cell-based meat development and the company’s first commercial-scale bioreactor.
Did you know that we’ve got a whole army of foodtech companies rising revolutionising our global food system right here in Asia? From using biotech and cell-based solutions to create “clean” meat, to making plant-based formulas for vegan-friendly meat, here are 8 Asian startups in driving serious change and making inroads in the fight for a healthier, more sustainable and safer food system.
The investment buzz in the US capital market is well resonated across the Pacific in China. Shuangta Food, a company based in East China’s Shandong Province that produces pea protein witnessed a 192.5 percent jump of its share price in August compared to the beginning of the year. The company recently made the first plant-based pork mooncakes during this year’s Mid Autumn festival along with Zhen Meat, another alternative meat company. In Shanghai’s A-share market, any company relating to faux meat saw their price soar.