Red List rescue: Singapore’s Umami Meats focuses on endangered species for cultured fish success
Singapore-based Umami Meats has focused on innovating fish species that are popular in Asian cuisines but are also on the IUCN Red List for vulnerability, targeting a launch date of produced in 2024 for its cultured plant-based seafood blend.
The company recently secured $2.4 million in funding from a group of international investors, including new venture capital fund Better Bite Ventures, and plans to use these funds to further develop its proprietary technology to reduce product costs and produce its first demonstration products.
“Our priority is on fish species that are difficult to domesticate because they are too difficult to raise or the economy does not make sense, but which are very popular in Asian cuisines and therefore end up being classified threatened or endangered in the IUCN Red List”,Umami Meats co-founder and CEO Mihir Pershad said FoodNavigator-Asia.
Bridging the protein gap: Chinese cultured meat company CellX outlines plans to cut costs and go to market
Chinese cultured meat company CellX has revealed its short- and long-term strategies for bringing its new products to market, with plans to build its own facility sometime in 2023 to facilitate its focus on reducing costs and scaling.
CellX burst onto the alternative protein scene in China and the region last year after debuting its technology at Brinc Virtual Demo Day and reaching the finals of XPRIZE’s Feed the Next Billion contest, then did more big titles later in the year closing $4.3 million. in funding and launching samples of its farmed pork.
According to company co-founder and CEO Ziliang Yang, CellX plans to not only produce cultured meat products to meet China’s food safety targets, but also help the traditional industry meat to make lasting improvements.
Show me the money: China’s novel protein sector hopes to get its own green financing system
China’s alternative protein sector – more commonly known locally as New Protein – hopes to finally get its own green financing system in line with China’s 2060 carbon neutrality goals, similar to existing financing systems in the sectors. energy and transport.
There has been a lot of hype in recent months after Chinese President Xi Jinping made specific mention of alternative proteins in relation to food security and the diet of the country’s population of 1.4 billion and growing.
This in itself is good news for local consumers knowing that solutions for food insecurity are being developed – but for the New Protein sector it means so much more not just because of this recognition, but because new opportunities that have opened up from development. , marketing and financing prospects.
‘Real-world applications’: Cell Ag Australia urges government to promote career options in crops
Australian cellular agriculture industry group Cell Ag Australia has urged the government to take inspiration from the Singapore book and approach cellular agriculture and cultivars as a practical and real career option for students and researchers so that the sector reaches its full potential.
Australia has long been proud of its promotion and many successes in the fields of science, technology, engineering and mathematics (STEM) given its relatively solitary geographical state, but according to the local sector of cellular agriculture, these successes do not always materialize. global results – a situation that advances in the development of cultivated products could help to correct.
“Australia has all the right ingredients to thrive in cellular agriculture [and we should]given that we are so proud to promote and succeed in STEM,”The Australian director of Cellular Agriculture (Cell Ag) said FoodNavigator-Asia.
Milk-free chocolate: CARRA in India launches a white bar made from rare plants to “fill in the gaps”
Indian plant-based chocolate company CARRA has launched its first dairy-free white chocolate bar, aiming to “fill the gaps” in its portfolio to appeal to a wider consumer base.
Although plant-based chocolates have been around in India for quite some time, the vast majority of them are dark or milk chocolates as they are easier to match in terms of appearance and taste when the dairy component is took of.
“There are very few white chocolate bars that do not contain milk and dairy products in the Indian market because it is not easy to achieve the required milky color or mouthfeel just by using low-fat ingredients. herbal base”,CARRA CEO Komal Khosla said FoodNavigator-Asia.