May 3, 2018

Tyson Foods invests in lab-grown meat company Future Meat Technologies

sustainability
technology
meat processing
Tyson Foods
Laura Mullan
3 min
Through the investment, Future Meat Technologies aims to create a platform for the cost-efficient, non-GMO production of meat directly from animal cells in a laboratory in a move which will take live animals out of the equation. 
Tyson Foods has invested in Future Meat Technologies, an Israeli-based biotech firm that produces meat directly from animal cells wit...

Tyson Foods has invested in Future Meat Technologies, an Israeli-based biotech firm that produces meat directly from animal cells without the need to raise or harvest live animals. 

Tyson Foods venture capital arm, Tyson Ventures, supported the Jerusalem-based startup by co-leading a US$2.2mn in seed investment. 

Other investors in the seed round included the Neto Group, Seed2Growth Ventures, BitsXBites, and Agrinnovation.

“This is our first investment in an Israel-based company and we’re excited about this opportunity to broaden our exposure to innovative, new ways of producing protein,” said Justin Whitmore, Executive Vice President and Corporate Strategy and Chief Sustainability Officer of Tyson Foods.

“We continue to invest significantly in our traditional meat business but also believe in exploring additional opportunities for growth that give consumers more choices.”

SEE ALSO:

Tyson Foods, the world's second-largest meat processor, has made significant steps in the race to develop alternative meat products. 

The latest deal marks its first investment in an Israeli startup, however, Tyson Foods has previously invested in lab-based meat firm Memphis Meats and plant-based protein-maker Beyond Meat. 

By 2050 the earth’s population is expected to surpass 9 billion and the demand for meat is forecast to double. Therefore, supporters of cultured meat say it is a suitable way to meet this demand in an environmentally friendly way. 

Consumer demand for meat alternatives has also grown steadily amid concerns about animal welfare and the environment. 

The Israeli firm claims that cultured lab-grown meat is more eco-friendlier than traditional livestock production. 

Livestock represents around 15% of man-made greenhouse gas emissions according to the Food and Agriculture Organization of the United Nations, and a study by the Oxford University and the University of Amsterdam estimates that cultured meat produces 96% less greenhouse gas, consumes between 82 and 96% less water, and reduces if not eliminates the need for land in comparison to traditional livestock production. 

Future Meat Technologies aims to create a platform for the cost-efficient, non-GMO production of meat directly from animal cells in a laboratory which eliminates the need for live animals. 

Yaakov Nahmias, the company’s founder and chief scientist said that cultured meat today typically has a production price of around £10,000 per kilogram but that Future Meat Technologies has reduced that to $800 per kilogram.

He added that the company had a “clear roadmap” to reduce it to between $5 to $10 per kilogram by 2030. 

“Global demand for protein and meat is growing at a rapid pace, with an estimated worldwide market of more than a trillion dollars, including explosive growth in China,” said Rom Kshuk, chief executive of Future Meat Technologies. 

“We believe that making a healthy, non-GMO product that can meet this demand is an essential part of our mission.”

The Israeli startup said it would use the funds to establish its engineering activities and increase it is biological research. It is also currently recruiting engineers, chefs and scientists. 

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Jul 30, 2021

The Ultimate Enterprise Technology & AI & Cyber LIVE Event

Technology
AI
cyber
live
3 min
New speakers announced for Technology & AI & Cyber LIVE Event, where innovation meets implementation, coming to you live from London

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At Technology, AI, and Cyber Live, you will be able to hear and engage with C-Level executives at Microsoft, IBM, Salesforce, Capgemini, and more.

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How can you attend?

 

In the post-Covid era, not everybody wants to travel for events. So Technology & AI will be completely hybrid. That means you can attend the event in person or virtually, with no disadvantages to people who don’t make the trip to the Tobacco Dock.

In-person

Technology and AI Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

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There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.

 

 

New Speakers

 

Sunil Ramakrishnan

Vice President at CGI

Sunil has over 20 years of experience in consulting and helping energy and oil and gas clients transform into digital and sustainability leaders. He has also helped organisations across the energy, oil and gas, chemicals, renewables, and manufacturing industries realise business value from their investments using cloud, artificial/augmented intelligence, data science, internet of things, industry 4.0, robotic process automation, cybersecurity, and hyper-automation.

He has substantial experience in the information technology industry gained working at IBM Global Business Services, KPMG Management Consulting, Sapient, and Infosys. 

 

Lauren Barrett Knausenberger 

Chief Information Officer at Department of the Air Force

Lauren Barrett Knausenberger is the Chief Information Officer for the Department of the Air Force, including the U.S. Air Force and U.S. Space Force. She leads two directorates and supports 20,000 cyber operations, and supports personnel around the globe with a portfolio valued at $17 billion. 

She provides oversight of the Air Force’s Information Technology portfolio, including the Information Technology investment strategy from networks to cloud computing, Enterprise policies, information resources management, IT innovation initiatives, information assurance, and related matters for the Department of the Air Force. 

 

Keri Gilder

CEO at Colt Technology Services

Appointed CEO in May 2020, Keri is responsible for executing Colt’s strategy, which centres around transforming the way the world works through the power of connectivity. Before becoming CEO, Keri was Colt’s Chief Commercial Officer (CCO), leading global teams across sales, presales and marketing. Passionate about promoting Inclusion and Diversity, she also leads Colt’s Diversity Council to ensure Colt is a business where everyone feels they can bring their true selves to work. We look forward to hearing her insights. 

Order now to make the most of our early-bird offer. Ticket prices increase over 50% soon! For tickets and information, head over to our event site.

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