Australian startup Nourish Ingredients, which makes plant-based fats, announced today that it has raised $11 million (USD) in initial funding. The round was led by Horizon Ventures and Main Sequence Ventures (a venture firm founded by Australia’s national science agency).
Humans are currently eating more meat than our planet can afford. Raising animals for food is resource intensive. The rise in global meat consumption has dire consequences for human health, our agricultural industry, the environment, biodiversity, and animal welfare. Fortunately, there’s an effective way to solve this growing problem. Cellular agriculture is an emerging research field dedicated to producing meat, eggs, milk, and leather directly from animals’ cells rather than whole animals.
An aquaculture researcher from the University of the Sunshine Coast (USC) has secured a seed grant from US-based research institute New Harvest to develop cell-based crayfish meat.The grant recipient, Lisa Musgrove, will be using the funds to investigate crayfish growth factors and cell culture during her Honours degree in 2021, under the supervision of USC GeneCology Research Centre scientist, Dr. Tomer Ventura. Musgrove will be the first Australian to receive a grant from New Harvest, one of the only sources for funding academic research in cellular agriculture.
Is there a way to future-proof Australia’s food and agriculture industries? This webinar features Science alumni Dr Bianca Le and Dr James Ryall, who will share with you how science and technology can give us meat that has not come from the flesh of an animal.
Join us as we listen to Bianca interview James, the Chief Scientific Officer of Vow, a company that creates real meat from cells, instead of breeding and killing animals.
The state’s Minister for Jobs, Investment and Western Sydney, Stuart Ayers, announced that North Parramatta-based start-up VOW has been awarded the grant funding in order to develop its technology that sees meat cultivated from animal cells.VOW was established in March this year, according to the LinkedIn profiles of its two founders, former Cochlear design lead Tim Noakesmith and George Peppou (pictured), program manager and start-up mentor at Cicada Innovations Incubator.
Media release of NSW Government :https://www.treasury.nsw.gov.au/sites/default/files/2019-08/20190816%20-%20Media%20Release%20-%20NSW%20Treasury%20-%20Western%20Sydney%20puts%20lab%20grown%20meat%20on%20the%20menu.pdf