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      <p>
        Bene Meat Technologies, a Czech startup focused on developing cultivated meat for food and feed, has unveiled its pet food product for dogs and cats at the recent Interzoo Trade Fair held in Nuremberg.
      </p>
    </li>
    <li>
      <p>
        This cultivated pet food claims to be a source of ethical and sustainable nutrition. The company does not utilize fetal bovine serum (FBS) in its production process and plans to launch its product commercially by the end of 2024.
      </p>
    </li>
    <li>
      <p>
        <b>Analyst QuickTake: </b>
        In November 2023, the company received 
        <a href="https://sp-edge.com/updates/23691">
          EU approval
        </a>
         for its lab-grown meat product, allowing it to begin scaled production ahead of its planned commercial launch. Meatly, another company using cultivated meat for pet foods, recently unveiled 
        <a href="https://sp-edge.com/updates/27684">
          OmniFeast
        </a>
        , a product made using cultivated chicken.
      </p>
    </li>
  </ul>
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<div>
  <p>
    <a href="https://vegconomist.com/cultivated-cell-cultured-biotechnology/bene-meat-technologies-introduces-cultivated-meat-pet-food-interzoo/">
      Vegconomist
    </a>
  </p>
</div>


Novel Foods

ANALYST_QUICK_TAKE

PROMINENT_CATEGORY

<div>
 <p>Bene Meat Technologies, a Czech startup, recently debuted its cultivated pet food product for dogs and cats during the Interzoo trade Fair in Nuremberg. The startup emphasizes on producing ethical and sustainable pet nutrition and refrains from using fetal bovine serum (FBS) in the production process. They aim to commercially launch the product by the end of 2024.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In November 2023, the company received <a href="https:<br>
//sp-edge.com/updates/23691"> EU approval </a> for its lab-grown meat product, allowing it to begin scaled production ahead of its planned commercial launch. Meatly, another company using cultivated meat for pet foods, recently unveiled <a href="https:<br>
//sp-edge.com/updates/27684"> OmniFeast </a> , a product made using cultivated chicken.</p>

Bene Meat Technologies introduces cultivated meat pet food at Interzoo Trade Fair

<div>
 <p>The Singapore Food Agency and the Ministry of Sustainability and the Environment have drafted a proposed bill called the Food Safety and Security Bill (FSSB). The FSSB aims to create a new "Defined Food" category and specifies additional requirements for the pre-market approval of these foods.</p>
 <p>Under the FSSB, novel foods - such as genetically modified (GM) foods and insect-like species - would be considered a sub-category of Defined Foods. These foods would need to meet extra criteria and comply with additional requirements for pre-market approval.</p>
 <p>The FSSB also plans to enhance the current novel food application process in Singapore for cultivated meats, fermentation-based proteins, and insect-derived proteins. The inclusion of GM foods in the Defined Foods category is intended to streamline the approval process, which currently requires consultation with Singapore’s Genetic Modification Advisory Committee.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> Singapore is a leading hub for alternative food products and was the first country in the world to approve the sale of cultivated meats. Further, fermentation-based products like Solar Foods’ <a href="https:<br>
//sp-edge.com/updates/14058"> Solein protein </a> and The Protein Brewery’s <a href="https:<br>
//sp-edge.com/updates/27912"> Fermotein </a> ingredient have also been approved for commercial use. If passed, this bill would impose more stringent conditions on producers hoping to gain approval for their novel and alternative food products in Singapore.</p>

Singapore Food Agency proposes change to novel foods approval process

<div>
 <p>Voyage Foods, a Food Tech firm specializing in free-from foods and beverages, has secured USD 52 million in a funding round. This funding round was co-led by Level One Fund and Horizons Ventures, with participation from SOSV, Collaborative Fund, and Nimble Partners.</p>
 <p>The raised funds are planned to be used to boost the company's production scale and bolster its immediate eco-friendly influence in the Food Tech industry.</p>
 </div> <p><b>Analyst QuickTake:<br>
 </b> Voyage Foods develops free-from versions of popular food items that exclude the top nine allergens and has launched products like peanut-free and hazelnut-free spreads. Recently, the company <a href="https:<br>
//sp-edge.com/updates/28292"> partnered </a> with Cargill to develop sustainable alternatives to cocoa-based products and nut spreads, marking its largest collaboration to date.</p>

Voyage Foods raises USD 52 million in funding to scale production

<div>
 <p>Calysta, a cellular agriculture company, is collaborating with German pet food manufacturer Dr. Clauder's to produce dog treats using FeedKindPet. This product is an air protein-based ingredient used in pet food.</p>
 <p>The purpose of this partnership is to launch the first-ever dog treats made from FeedKindPet. This product is a nutrient-rich, vegan protein source with all necessary amino acids that dogs require. Moreover, FeedKindPet promotes a healthy gut and is approved for use in the EU and US.</p>
 
</div> <p><b>Analyst QuickTake:<br>
 </b> FeedKind, Calysta's flagship offering, is made using a patented fermentation technology without animal or plant products. It was initially developed for aquaculture and livestock industries and received GRAS (Generally Recognized as Safe) status in <a href="https:<br>
//calysta.com/feedkind-protein-wins-fda-gras-status-for-use-in-aquaculture/"> February 2023 </a> . The FeedKindPet range aims to meet the demands of health and nutritional standards in pet foods while maintaining sustainability.</p>

Calysta partners with Dr. Clauder’s to launch dog treats made with FeedKindPet protein

<div>
 <p>Meatly, a British pet food company formerly known as Good Dog Food, has introduced a new protein-free culture medium. Priced at GBP 1 per liter, this product provides a cost-effective solution for the production of cell-cultured meat.</p>
 <p>The innovative culture medium does not include serums, animal-derived components, microcarriers, steroids, hormones, growth factors, or antibiotics. Instead, it relies on ingredients that are safe for food use.&nbsp;</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> The prices of culture media significantly impact the industry's viability, affecting production costs and consumer prices. The industry has made significant strides in this area and has brought down the prices of culture mediums from thousands of dollars to around <a href="https:<br>
//new-harvest.org/good-food-institute-essential-8-culture-media/"> USD 376.80 </a> . However, to make cultivated meat commercially viable, the cost may need to be reduced to around <a href="https:<br>
//cen.acs.org/food/Inside-effort-cut-cost-cultivated/101/i33"> USD 1 per liter or less </a> , which Meatly has achieved with its new development.</p>

Meatly unveils affordable protein-free culture medium for cultivated meat production

INCUMBENTS_PRESENT

<div>
 <p>A Canadian firm, CULT Food Science, leader in the cellular agriculture technologies and products domain, has raised CAD 800,000 (~USD 585,140) by selling 16,000,000 units at CAD 0.05 (~USD 0.04) per unit. The private placement was administered by PowerOne Capital Markets Limited.</p>
 <p>The funds will be channeled towards expanding the Noochies! Freeze-Dried Dog and Cat Snacks line. Noochies! is recognized as North America's first vegan cat treat and is made using Bmmune, a cultured yeast protein.</p>
</div>
 <p><b>Analyst QuickTake:<br>
 </b> Beyond its investments in cellular agriculture, CULT Food Science has developed proprietary pet food ingredients. These include Bmmune, a nutritional yeast fused with fermented proteins, Bflora, a probiotic tailored for the gastrointestinal health of cats and dogs, and <a href="https:<br>
//sp-edge.com/updates/24575"> Bmeaty </a> , an ingredient that adds umami flavor to pet food products.</p>

CULT Food Science raises CAD 800,000 via private placement to expand sustainable pet food range

<div>
 <p>Plant cell technology startup, Ayana Bio, has been granted USD 300,000 by the National Center for Complementary and Integrative Health (NCCIH), part of the National Institutes of Health (NIH). The funding is aimed at enabling the startup to research and boost the cultivation of saffron for medicinal usage.</p>
 <p>The grant's objective is to back Ayana Bio's studies on the neuroprotective properties that arise from saffron bioactives produced through plant cell cultivation. The research will mainly spotlight the health benefits of saffron against various neurological and age-related ailments, such as depression, anxiety, Alzheimer's, and Huntington’s disease.</p>  
</div> <p><b>Analyst QuickTake:<br>
 </b> Ayanna Bio has partnered with several companies, including SynBioBeta and Wooree Green Science, to develop plant cell-cultured saffron for various health and wellness applications. Apart from saffron, the company also launched the <a href="https:<br>
//sp-edge.com/updates/23209"> Plant Cell Advantage </a> (PCA) health and wellness ingredient line, which offers Dog Rose PCA, Hedge Nettle PCA, and Sage PCA.</p>

Ayana Bio receives USD 300,000 NIH grant for plant cell-cultivated saffron

<div>
 <p>Solar Foods, an alternative protein ingredient startup, has secured an additional EUR 8 million (~USD 8.6 million), adding to its Series B funding round held in <a href="https://sp-edge.com/updates/24061"> November 2023 </a> . Springvest Oyj led this round, bringing the total Series B funding to EUR 16 million (~USD 17 million).</p>
 <p>The additional funds will be used to further Solar Foods’ operational capabilities.&nbsp;</p>
 
</div> <p><b>Analyst QuickTake</b> :<br>
 Solar Foods recently <a href="https:<br>
//sp-edge.com/updates/28496"> inaugurated </a> Factory 01, its latest manufacturing plant in Vantaa, Finland. The factory will produce Solein, its flagship protein, and has an annual capacity of 160 tons.</p>

Solar Foods raises additional EUR 8 million in Series B funding to enhance operational capabilities

<div>
 <p>Nepra Foods Inc. has obtained a USD 950,000 loan from William Hogan via its subsidiary, Nepra Foods, Ltd. at an interest rate of 6% per annum.</p>
 <p>This financial boost will help support Nepra Ltd.'s growth and enhance its enterprise value.</p>

</div> <p><b>Analyst QuickTake:<br>
 </b> This news comes after Nepra Foods was issued a <a href="https:<br>
//www.accesswire.com/791414/nepra-foods-announces-cease-trade-order"> cease trade order </a> (CTO) by the British Columbia Securities Commission in October 2023. The CTO was issued because Nepra Foods failed to file its audited annual financial statements for the year ended March 31, 2023.&nbsp;</p>

Nepra Foods raises USD 950,000 in debt funding to support growth

<div>
 <p>A German biotech startup, MicroHarvest, has teamed up with VEGDOG, an animal-free pet food company, to launch VEGDOG Pure Bites. This new product is a microbial protein dog treat featuring a blend of microbial protein, potato, and apple pomace.</p>
 <p>This is the first product of its type in the European market, and is hypoallergenic, making it an appropriate choice for pets with protein intolerances and allergies.</p>
</div> <p><b>Analyst QuickTake:<br>
 </b> In <a href="https:<br>
//sp-edge.com/updates/24200"> November 2023 </a> , the company unveiled its new pilot plant in Lisbon, Portugal, to produce a single-cell protein using microbial fermentation for food and feed applications. MicroHarvest claims the single-cell protein carries a protein content of over 60% and can be produced within a day using its technology.</p>

All Updates

Bene Meat Technologies introduces cultivated meat pet food at Interzoo Trade Fair

Singapore Food Agency proposes change to novel foods approval process

Voyage Foods raises USD 52 million in funding to scale production

Calysta partners with Dr. Clauder’s to launch dog treats made with FeedKindPet protein

Meatly unveils affordable protein-free culture medium for cultivated meat production

CULT Food Science raises CAD 800,000 via private placement to expand sustainable pet food range

Ayana Bio receives USD 300,000 NIH grant for plant cell-cultivated saffron

Solar Foods raises additional EUR 8 million in Series B funding to enhance operational capabilities

Nepra Foods raises USD 950,000 in debt funding to support growth

MicroHarvest partners with VEGDOG to introduce novel microbial protein dog treat in Europe

Novel Foods

Bene Meat Technologies introduces cultivated meat pet food at Interzoo Trade Fair

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