CULT Food Science Corp. said it has made an investment in MeaTech 3D Ltd, an Israel-based food technology company at the forefront of the cultured meat revolution.
MeaTech focuses on developing and licensing its proprietary three-dimensional printing and customizable biotechnology manufacturing processes to companies seeking to manufacture proteins without animal slaughter.
“We believe MeaTech is on the leading edge of advancing cultivated meat towards global adoption and is uniquely positioned to be one of the first companies to commercialize their technology. We're very encouraged by the progress they have made and the significant collaborations they have entered into as a company,” said Lejjy Gafour, president of CULT, in a statement.
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MeaTech recently succeeded in producing the largest known cultured steak product to-date, at 3.67 ounces, comprised of real living muscle and fat tissues but without any soy or pea protein. The ground-breaking achievement is an important milestone to the venture achieving its goal of scaled production of bio-printed steak, the company said.
MeaTech also entered into a collaborative arrangement with Ashton Kutcher and Guy Oseary, together with strategic players such as Effie Epstein, to help advance cultivated meat globally.
MeaTech started activities in 2019 and maintains facilities in Ness Ziona, Israel and Antwerp, Belgium.
Contact the author at jon.hopkins@proactiveinvestors.com