Joint government and investor funding for cultivated meat
Roslin Technologies recently announced its latest joint funding award from investors and the government through the Transforming Food Production (TFP) Series A Investor Partnership Programme, run by Innovate UK.
iPS cells
This new investment will support the company in its next phase of growth, enabling it to widen its portfolio of induced pluripotent stem cells lines to ruminant species and help address the cultivated meat sector’s increasing demand for these robust cell lines. The award will also enable the company to optimise its porcine cell lines which it currently offers to the sector. This funding scheme has enabled Roslin Technologies to expand its team, and it now has the opportunity to dedicate research to key challenges facing the cultivated meat sector; supporting media development to reduce the cost of goods and scale-up to 3D suspension culture.
Roslin Tech lab team at work
The Transforming Food Production programme is part of UK Research and Innovation’s (UKRI) drive to help the agricultural sector grow economically with less environmental impact. This includes
focusing food production towards net zero emissions by 2040, and making the system more efficient, resilient, and sustainable. Cultivated meat production, and the use of Roslin Tech’s cells, offers a new approach to food production which can also reduce emissions.
“This funding supports the key steps in taking the company’s unique cell line technology to the next stage and apply it to other species of agricultural importance. This will position us to service the growing number of international cultivated meat companies that have been launched in the past 2-3 years.”
Scale up
Securing funding from both investors and government shows how vital the cultivated meat industry is to the future of food production. 2021 has seen nearly $1 billion in investment into cultivated meat companies and others working in the industry.
For more information about Roslin Technologies’ work, visit their website – www.roslintech.com