Cell Based Tech Weekly – China State Owned COFCO Partners with Bits x Bites, Lab Grown Insects

Categories Weekly Report
source:Al Mundane

China state owned multinational food processor looking to food tech: COFCO food processor and manufacturer has partnered with China’s first food tech venture firm Bits x Bites.

🤝 Bits x Bites portfolio companies will receive:

  • Access to COFCO R&D centers, 50,000 square meters of lab space, and scientific equipment.
  • Potential pilot opportunities across COFCO’s supply chain which spans 140 countries.

Backdrop: COFCO has a division covering every facet of the food industry including meat production, wine & spirits, Coca-Cola, sugar — they essentially control the entirety of China’s food supply, imports and exports.

The Bottom Line: The partnership is setting the stage for Bits X Bites portfolio companies including Israeli cell based meat company, Aleph Farms to expedite commercialization and distribution of their products to the Chinese market.

Advancements

🐛Tissue engineering may become appetizing via lab grown insects as Tufts researchers report on cost, energy, and overall effort savings of engineering insect cells compared to larger 3D meat structures.

….if cell cultured chicken and cow wasn’t already enough of a Jedi mind trick, the researches are now theorizing that cell cultured insects could “be used to replicate related creatures like crab and other crustaceans.” http://cellbased.link/ar5

Events

New Harvest 2019 Conference, July 19 + 20 at the MIT Media Labs in Cambridge Massachusetts.

Hosted by New Harvest: A non-profit research institute building the field of cellular agriculture. This event brings together scientists, researchers, students, investors, startups and other players to discuss the state of the science and technology, how to scale, regulatory conversations and how to bring these products to market. Use our $200 CBT discount link when you register.

Speakers attending include:
Jun Axup, Scientific Director & Partner, IndieBio
Justin Kolbeck, CEO, Wild Type
Brian P. Sylvester, Special Counsel, Foley & Lardner LLP
Lisa Feria, CEO, Stray Dog Capital
Ryan Pandya, CEO, Perfect Day Foods
Ka Yi Ling, CSO, Shiok Meats
Natalie Rubio, Research Fellow, Tufts University

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