Global funding in the cultured meat industry dropped by 75% in the last year. Singapore sees its chance to become a world leader, backing local and international firms.
Global funding in the cultured meat industry dropped by 75% in the last year. Singapore sees its chance to become a world leader, backing local and international firms.
Global funding in the cultured meat industry dropped by 75% in the last year. Singapore sees its chance to become a world leader, backing local and international firms.
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That's genuinely gutting.
I thought and still think this will absolutely revolutionise the world and cause repair of the environment. But it looks like the market doesn't have faith in this.
first lab-grown beef burger debuted in 2013 at a staggering $330,000, they still need to fall to under $10 per kilo — roughly a tenth of current costs — to be competitive in the mass market
The amount that has fallen, in that time, compared to the amount remaining seems like it isn't that much.
Hopefully we just a little jump in the industry enough to build some hype and get things rolling again.
there are still some major challenges though. Not insurmountable, but challenges nonetheless. One of the most interesting I found is that you need to protect the meat from bacteria and fungi. A animal has an immune system (and a host of antibiotics pumped in to them). A piece of meat growing in vat hasn't. But it does have optimal conditions for growth of bacteria. So you need a clean lab environment. That's possible, but very hard to scale up.
I think the hype was there, but now is the moment the industry needs to mature and make it work in a way.