Tyson Foods backs Israeli startup to grow meat in the lab


JERUSALEM (Reuters) – Tyson Foods (TSN.N), the largest U.S. meat processor, has invested in an Israeli biotech company developing a way to grow affordable meat in a laboratory that takes live animals out of the equation.

Future Meat Technologies focuses on producing fat and muscle cells that are the core building blocks of meat, and is one of several firms working on technology to match rising demand for meat without adding more pressure on land from livestock.

The firm’s founder and chief scientist, Yaakov Nahmias, said cultured meat typically had a production price of about $10,000 per kg but so far his company had reduced that to $800/kg and had “a clear roadmap to $5-$10/kg by 2020.”

Tyson’s venture capital arm has supported the Jerusalem-based startup by co-leading $2.2 million in seed investment.

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