Regulatory shifts and competitive spirit: drivers of market disruption
From plastics and packaging to the competitive spirit of startup funding, this weekly roundup explores the headlines in disruptive technology and industrial transformation.
Foodtech Startup
Singapore samples farm-free food made from electricity and thin air
Solein, a novel protein ingredient made from thin air and electricity, is approaching commercialisation following its first official sampling in Singapore.
Startup profile: Aravita
Founded by Marco Perlman, Bruno Schrappe and Aline Azevedo towards the end of 2022, Aravita is developing a technological solution to reduce the burden of food waste. Having recently closed a $2.5 million fundraising round led by Qualcomm Ventures, the Brazilian startup has ambitions for global expansion.
Startup profile: Aqua Cultured Foods
Based in Chicago, US, Aqua Cultured Foods uses its proprietary fermentation technology to produce sustainable seafood substitutes.
Cultivated eel maker taps biotech to speed up development
Biotechnology company Triplebar and cultivated seafood platform company Umami Meats have partnered to come up with solutions to cultivate Japanese eel.
Startup profile: New School Foods
Canadian startup New School Foods has developed a proprietary platform to create whole-cut, plant-based salmon that starts raw and cooks like wild fish.
Planetarians raises $6m for two-ingredient vegan meat
US-based startup Planetarians has raised a $6 million seed II round to fund commercial production of its patented, whole-cut, plant-based protein based on just two ingredients.
New School Foods unveils new tech to make hyper-realistic salmon
Canadian startup New School Foods has developed a method to produce whole-cut, plant-based salmon that looks like the real thing. It has also raised $12 million in seed funding.
UAE declares winners of $2m foodtech challenge
Four startups have been chosen as the winners of 2022’s Global FoodTech Challenge and will share $2 million in prize money to expand their businesses within the United Arab Emirates (UAE).
Project Eaden extends funding to €10.1m for plant-based meat
German food-tech startup Project Eaden, a developer of new fibre technology to produce ultra-realistic plant-based meat, has extended its seed round to €10.1 million.