No Result
View All Result
  • Login
  • Register
Business & Technology
SUBSCRIBE
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • .
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
No Result
View All Result
Biztech Asia
Home News

Singaporeans soon to get a taste of lab-grown chicken

by editorial
02/12/20
in News
2 min read
0
Singaporeans soon to get a taste of lab-grown chicken

Eat Just, a San Francisco-based food technology startup, founded in 2011, has been given “first-in-the-world regulatory approval” by Singapore authorities to sell its product in the city-state. It will be used as an ingredient in its “chicken bites” or nuggets which the company plans to launch at a later date.

According to the Singapore Food Agency (SFA) which made public the new guidelines to ensure the safety of food inventions, it would likely be the first time globally that a cultured meat product is sold commercially.

The startup which is known for its plant-based egg substitutes, said no antibiotics were used in its product. Cultured or cell-based meat is meat developed in laboratories using animal cells.

The company said that safety tests found that its cultured chicken had “extremely low and significantly cleaner microbiological content” than traditional chicken. The analysis also demonstrated that cultured chicken contains a high protein content, diversified amino acid composition, high relative content in healthy monounsaturated fats and is a rich source of minerals.

In a media release, the company said it took “many months” for its team of scientists, product developers and regulation experts to record the cultured chicken’s production process – information which is required under SFA rules.

Also according to Eat Just, the company documented the purity, identity and stability of chicken cells during the manufacturing process, as well as a detailed description of the manufacturing process which demonstrated that harvested cultured chicken met quality controls and a rigorous food safety monitoring system.

The cultured chicken was manufactured at the Food Innovation and Resource Centre, a food research facility co-run by Singapore Polytechnic and Enterprise Singapore.

Josh Tetrick, co-founder and CEO of Eat Just, said that Singapore has long been a leader in innovation of all kinds, from information technology to biologics to now leading the world in building a healthier, safer food system, as he explained why Singapore was chosen as the first location to launch its chicken product.

He said in a statement that their regulatory approval for cultured meat will be the first of many in Singapore and in countries around the globe, adding also that his company is looking to offer the product at a restaurant first before distributing it to the mass market, adding that it will be priced similar to what consumers pay for “premium chicken” at restaurants.

The company said it plans to introduce other cultured chicken products in future.

In October, Eat Just, announced a partnership with private equity firm Proterra Investment Partners Asia to build a USD120 million plant-protein factory in Singapore – the company’s first in Asia.

Bloomberg reported that the egg-substitute maker, which counts business tycoon Li Ka-Shing and venture capital firms Khosla Ventures among its investors, is attempting to raise at least USD200 million that may give it a USD2 billion valuation, in what could be its last fundraising round before going public.

Meat substitutes have become more popular in the past few years, fuelled by growing concerns about the environmental impact of animal farming and the sustainability of meat production as global population rises.

A 2019 report by Barclays predicted that the global alternative meat market, currently valued at USD14 billion – or 1% of the USD1.4 trillion meat industry – could be worth 10 times more at about USD140 billion by 2029.

Local protein replacement start-ups have also recently gained ground.

 

Previous Post

The never-ending power play between US and China

Next Post

Salesforce to acquire Slack for USD27.7 billion

editorial

editorial

Related Posts

Vaccines rollouts will power global economic growth in 2021: IMF
News

Vaccines rollouts will power global economic growth in 2021: IMF

Australia calls to mend ties with China
News

Australia calls to mend ties with China

Janet Yellen, the first female US treasury chief
News

Janet Yellen, the first female US treasury chief

US dollar versus rising treasury yields; gold on the defensive
News

US stocks in the green despite volatile session

China picks up speed, overtakes US as largest recipient of FDI
News

China picks up speed, overtakes US as largest recipient of FDI

M&A valuations boom in the second half of 2020 despite impacts of the pandemic
News

Bumpy ride in forex markets

Next Post
Salesforce to acquire Slack for USD27.7 billion

Salesforce to acquire Slack for USD27.7 billion

Asian currencies look good against the USD

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended Stories

Selangor introduces virtual networking platform for businesses to engage and network with stakeholders

Selangor introduces virtual networking platform for businesses to engage and network with stakeholders

Huawei ranked 49th on Fortune Global 500 list

Huawei ranked 49th on Fortune Global 500 list

Don’t wait for candies – pivot to survive or risk closure

Don’t wait for candies – pivot to survive or risk closure

Popular Stories

  • Economic recovery: an elusive thought?

    Economic recovery: an elusive thought?

    0 shares
    Share 0 Tweet 0
  • Cannibalising your business can be profitable

    0 shares
    Share 0 Tweet 0
  • Sexual fulfillment builds confidence and well-being

    0 shares
    Share 0 Tweet 0
  • Tech Stocks – Ant gets stomped on but REITS offer stability amid volatility

    0 shares
    Share 0 Tweet 0
  • Singapore REITS and China tech stocks – Which should you buy?

    0 shares
    Share 0 Tweet 0

About Us

A Business and Technology digital publication that engages business leaders in business and technology conversations to help everyone pivot, adapt, and thrive in these turbulent times.

LEARN MORE »

Contact Us

Phone: 016-2011 050

Email: editor@biztech.asia

Address:
Level 18, Boutique Office 1 (B01-C)
Menara 2, No. 3, Jalan Bangsar,
KL Eco City, 59200, Kuala Lumpur.

Email Newsletter

Loading

© 2020 Business & Technology - made possible by Milestones Digital.

No Result
View All Result
  • Home
  • Thought Leadership
  • Conversations
  • International Voices
  • News
  • Wealth
  • Digital Transformation
  • Lifestyle
  • Videos
  • Podcasts
  • Login
  • Sign Up

© 2020 Business & Technology - made possible by Milestones Digital.

Welcome Back!

Sign In with Facebook
Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
OR

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?

You have successfully subscribed to the newsletter

There was an error while trying to send your request. Please try again.

will use the information you provide on this form to be in touch with you and to provide updates and marketing.