The UK’s biggest public funder of non-medical bioscience, The Biotechnical and Biological Sciences Research Council (BBSRC), announced in its strategic delivery plan for 2022-2025 that it will jointly invest a minimum sum of GBP 20 million (~USD 22 million) for more sustainable and alternative protein sources.
The investment will be put towards capacity building, research, innovation, and business-led commercialization of alternative protein products.
AnalystQuickTake: As the plant-based sector gains traction, many countries have invested in alternative protein research and commercialization. In September 2022 , the Israeli government announced food tech amongst its top five national R&D priorities, focusing on alternative proteins. The Danish government formed the Plant Fund with an investment of USD 100 million in April 2022 to grow the plant-based food sector. The additional support received from governments can help further propel the industry forward and find solutions for more sustainable food options during a time when traditional farming is taking a toll on the environment.
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