PORTUGAL, Lisbon. EIT Food awards three European startups €100k each for developing solutions to lower the cost of cultivated meat. The winners were announced at this year’s EIT Food Venture Summit held in Lisbon
.According to EIT Food, an Israeli-based and three European startups each received €100k prize money due to their work in developing media recycling technologies or developing a low-cost cell culture media for species-relevant cells.
For the Cultivated Meat Innovation Challenge, EIT Food partnered with the Good Food Institute Europe and issued an open call for project applications in the cultivated meat sector. After a scientific review and judged on criteria including addressing unmet needs, feasibility, collaboration and contributing to the scientific community, the following winning projects were chosen:
City-mix Cell-Boosters and Thermostable Growth Factors (3D Bio-Tissues Ltd, UK); Optimal Growth Factor Expression in Tobacco (BioBetter, Israel); Plant-Based Cell-Free Expression (LenioBio, Germany) and Microalgae Hydrolysates for Cellular Aquaculture (S2AquacoLab, Portugal).
“Many of us are aware of the impact that industrial agriculture is having on global issues such as climate change, antibiotic resistance and the spread of zoonotic diseases, and recognise the need to reduce our reliance on farming animals,” said Paola Giavedoni, Director of Innovation at EIT Food.
Giavedoni added that it would be necessary to “invest in more research and innovation focused on reducing the cost of cell culture media, increasing the availability of cell lines, and building larger and more efficient bioreactors for the cells to grow in” before the sector could scale up production and bring down prices.
Source: EIT Food