Wednesday, 10 November 2021 10:55

Lab-grown fad

Written by  Milking It

In a classic case of promising big and delivering little, lab-grown 'meat' startup, Upside Foods, formerly Memphis Meats, has lost two key employees in recent weeks - co-founder Nicholas Genovese and vice president KC Carswell - as skepticism about the business model grows.

This is a company whose investors include billionaires Bill Gates and Richard Branson and raised $200 million in 2016 on the promise of delivering lab-grown meat by 2021. It is still awaiting US regulatory approval.

Milking It suspects the hype around lab-grown protein may prove to have been a lot of hot air!

More like this

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

Red line on dairy

OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.

Farmland security

OPINION: Paranoia about foreigners is at an all-time high in the US and attention is now turning to foreign-owned farmland.

Cuddling cows

OPINION: Years of floods and low food prices have driven a dairy farm in England's northeast to stop milking its cows and instead charge visitors to cuddle them.

Featured

National

Machinery & Products

» Latest Print Issues Online

Milking It

Price cut coming?

OPINION: Dipping global dairy prices have already resulted in Irish farmers facing a price cut from processors.

Butter price melt

OPINION: Are the heydays of soaring global demand for butter over?

» Connect with Dairy News

» eNewsletter

Subscribe to our weekly newsletter