3.5 million dollars raised to reinvent meat in a lab
A diplomat (Justin Kolbec) and a cardiologist (Arye Elfenbein) have launched a startup that could shake the whole meat industry in the future.
The co-founders of Wild Type are hoping to develop a procedure that can be used to replicate real meat in a laboratory with the help of tissue engineering, stem cell biology, and cell development. The company just raised $3.5 million from different investors to develop this program.
The idea is different from other clean-meat products (lab grown substitutes of meat) that are based on plant cells, like Impossible Foods' Impossible Burger.
Instead of focusing on replicating the exact type of every animal protein included in our diets, Wild Type wants to use the common heritage of all the animals to develop their product, reports Tech Crunch magazine. “We didn’t want to build a tool that could just be used for beef, or a specific type of chicken, or a specific fish,” explained Kolbeck.
The company wants to use the seed round to invest in scaling up its cellular growth infrastructure, lowering the cost of its meat while also increasing its manufacturing capability.
The first product that could be produced by Wild Type is a minced salmon meat that could be used in say a spicy salmon sushi roll, where the meat is mixed with sauce and smaller quantities are needed.
The fresh meat packaging market is to witness steady growth for the next three years, according t...