INSUBCONTINENT EXCLUSIVE:
Authors: JordanThe venture investment arm of massive meat manufacturer Tyson Foods is continuing its push into potential alternative
methods of poultry production with a new investment in the Israeli startup Future Meat Technologies.The backer of companies like the
plant-based protein-maker Beyond Meat, and cultured-meat company Memphis Meats, Tyson Ventures’ latest investment is also tackling
technology development to create mass-produced meat in a lab — instead of on the farm.Future Meat Technologies is working to commercialize
a manufacturing technology for fat and muscle cells that was first developed in the laboratories of the Hebrew University of Jerusalem.“It
is difficult to imagine cultured meat becoming a reality with a current production price of about $10,000 per kilogram,” said Yaakov
Nahmias, the company’s founder and chief scientist, in a statement
“We redesigned the manufacturing process until we brought it down to $800 per kilogram today, with a clear roadmap to $5-10 per kg by
2020.”The deal marks Tyson’s first investment in an Israeli startup and gives the company another potential horse in the race to develop
substitutes for the factory slaughterhouses that provide most of America’s meat.“This is definitely in the Memphis Meats… in the
lab-based meat world,” says Justin Whitmore, executive vice president of corporate strategy and chief sustainability officer of Tyson
Foods.Whitmore takes pains to emphasize that Tyson is continuing to invest in its traditional business lines, but acknowledges that the
company believes “in exploring additional opportunities for growth that give consumers more choices,” according to a statement.While
startups like Impossible Foods are focused on developing plant-based alternatives to the proteins that give meat its flavor, Future Meat
Technologies and Memphis Meats are trying to use animal cells themselves to grow meat, rather than basically harvesting it from dead
animals.Chef Uri Navon mixing ingredients with FMT’s cultured meatAccording to Nahmias, animal fat produces the flavors and aromas that
stimulate taste buds, and he says that his company can produce the fat without harvesting animals and without genetic modification.For
Whitmore, what separates Future Meat Technologies and Memphis Meats is the scale of the bioreactors that the companies are using to make
Both companies — indeed all companies on the hunt for a meat replacement — are looking for a way around relying on fetal bovine serum,
which is now a crucial component for any lab-cultured meats.“I want my children to eat meat that is delicious, sustainable and safe,”
said Nahmias, in a statement, “this is our commitment to future generations.”The breadth of backgrounds among the investors that have
come together to finance the $2.2 million seed round for Future Meat Technologies speak to the market opportunity that exists for getting a
meat manufacturing replacement right.“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
We believe that making a healthy, non-GMO product that can meet this demand is an essential part of our mission,” said Rom Kshuk, the
chief executive of Future Meat Technologies, in a statement.One of the company’s first pilot products is lab-grown chicken meat that chefs
have already used in some recipes. FMT’s first cultured chicken kebab on grilled eggplant with tahini sauceIn addition to Tyson Ventures,
investors in the Future Meat Technologies seed round included the Neto Group, an Israeli food conglomerate; Seed2Growth Ventures, a
Chicago-based fund backed by Walmart wealth; BitsXBites, a Chinese food technology fund; and Agrinnovation, an Israeli investment fund
founded by Yissum, the Technology Transfer Company of The Hebrew University,“Hebrew University, home to Israel’s only Faculty of
Agriculture, specializes in incubating applied research in such fields as animal-free meat sources
Future Meat Technologies’ innovations are revolutionizing the sector and leading the way in creating sustainable alternative protein
Yaron Daniely, president and CEO of Yissum.
