Cell Based Tech Weekly – Impossible Foods Big Announcements, Twist Bioscience Launches Oligos Product Line

Categories Weekly Report
source: Impossible Foods Instagram account

Some big announcements for Impossible Foods:

  1. The Impossible Burger is set to launch in select retail outlets this September. Additional details about this highly anticipated retail debut will be announced as the launch approaches. http://cellbased.link/a3y
  2. The FDA announced approval of heme to be considered a color additive making it viable for future product applications and retail outlets apropos announcement #1. http://cellbased.link/a3y
  3. Impossible Foods announced a partnership with global meat supplier OSI Group (original supplier to McDonald’s) to begin production of the Impossible Burger at one of its Midwest plants. Through the partnership, Impossible plans to double its production in the near term and quadruple by the end of 2019 (Impossible currently sells at 10,000 restaurants worldwide). OSI group will also help Impossible develop new products like frozen foods. http://cellbased.link/ie2

Why We Care: Nick Halla, Impossible Foods, senior vice president for international was on CNBC ‘s Street Signs and stated:

With 65 production plants across 17 countries, OSI is well poised to advance Impossible’s Asia pursuit.

Advancements

🧬Twist Bioscience (NASDAQ: TWST) launched a long oligonucleotide (oligos) product line, setting a new commercial industry record of up to 300 bases. http://cellbased.link/q1h

But, What Does It All Mean???

Cellular fermentation starts with oligos, which are inserted into yeast or bacteria to synthesize new products → a process we saw recently executed by Perfect Day to make animal free whey.

By assembling oligos together into longer fragments that encode synthetic genes, they can instruct bacteria or yeast cells to make a wider range of proteins with more accuracy. http://cellbased.link/h6q

Australia is the latest country to enter the cell based meat space with two companies! The Australian Broadcasting Corporation (ABC) reported on the companies Hueros in Canberra and VOW in Sydney both developing cell based meat.

Opportunity

Are you an alternative protein or clean meat startup? Big Idea Ventures is launching its inaugural accelerator cohort this September in NYC and applications are due TODAY. Companies receive a $200K investment, a co-working space in the heart of Manhattan, hands-on support from industry experts, and immediate connections to a living community of business mentors, producers, distributors, retailers, food service and every other resource needed for rapid scale. Apply before the end of the day: https://bigideaventures.com.