CULT Food Science Corp has highlighted the continuing advancement of technologies in cellular agriculture, saying it believes cell-based foods are a “viable solution” to combat growing fertilizer and food shortages.
The company said it is supporting these technological advances by investing in the development of its own intellectual property and patent portfolios, as well as via cellular agriculture companies around the world that are working to help solve food insecurity concerns to populations at risk.
Higher energy costs and global tensions, with Russia being the world’s biggest exporter of fertilizer, have driven up fertilizer prices to all-time highs, leading to higher food prices and potential food shortages, as COVID-19 related supply chain disruptions persist.
Cell-based foods are an “attractive solution” to these issues as they do not require fertilizer or depend on the weather for crop yields, CULT noted.
READ: CULT Food Science announces share exchange, license agreement with Cella Foods to advance technology
“Cellular agriculture represents a novel pathway towards helping address the challenges we will continue to face with climate change and other unknown global events. We must take steps to mitigate the disruptions we see in the food supply chain today, and the disruptions we know are to come in the future,” Lejjy Gafour, chief executive officer of CULT said in a statement.
“The IP and technologies CULT Food Science is working to develop seek to provide the possibility of new models and approaches not just in how we produce our food and ingredients, but also in how we get our food from our stores, our communities, and even what is on our plates. The history of agriculture is marked by fundamental shifts in technology, and cellular agriculture is the next one,” Gafour predicted.
The cellular agriculture industry has grown rapidly in the last nine years, with new venture capital funding adding up to over US$9.7 billion in global investments.
Contact the author at jon.hopkins@proactiveinvestors.com