The company expects its pilot facility to start production in the first half of 2021 and is currently seeking regulatory approval in several territories. “Cultured meat technology is the Apollo program of the 21st century,” Prof. Yaakov Nahmias, founder and CSO of Future Meat Technologies says in a press statement. “It required massive efforts of biologists, chemists, engineers and food experts to reduce the cost of cultured meat by over 1,000-fold in just a few years. We are proud to be within reach of cost parity with traditional agriculture without any need to resort to genetic engineering, ensuring the supply of safe, delicious food for coming generations.”
In addition to cultured chicken, the company is also developing cultured lamb kebabs and beef burgers. The company aims to have products available to consumers and restaurants within 18 months. It is backed by food and agriculture leaders, including Tyson Foods, ADM, Müller Group and Rich’s Products Corporation, as well as leading venture capital investors such as S2G Ventures, ADM Capital, Emerald Technology Ventures, Manta Ray Ventures and Bits x Bites.