NETHERLANDS – Dutch cultivated meat producer Meatable has received €7.6 million (US$8.4M) in funding through the Netherlands Enterprise Agency’s (RVO) Innovation Credit program.
The program provides financial support for innovative projects that present high technological risks but also show strong market potential.
Meatable plans to use the funds to enhance its production capabilities and reduce costs as it gears up for commercial-scale operations.
The company aims to collaborate with the traditional meat industry to introduce cultivated meat products on a larger scale.
This funding follows a US$35 million investment raised by Meatable last year, led by Agronomics, which was intended to help accelerate the release of its cultivated pork products.
In August, the company became a member of the APAC Society for Cellular Agriculture.
Initially established as a coalition of cultivated meat and seafood companies in Asia, the society has now opened its doors to global companies with interests in the region.
Meatable qualifies due to its pending regulatory approval for its cultivated pork from Singapore’s Food Agency (SFA).
Earlier this year, Meatable made headlines when it hosted the first government-approved tasting of cultivated meat in the European Union.
Guests at its headquarters in Leiden sampled cultivated pork sausages, which had received safety approval from a Dutch government committee.
In March, Meatable announced it had significantly reduced the production time for its cultivated sausages to just four days, claiming it had developed the fastest cell-cultivation process globally—60 times faster than traditional pig farming.
In May, the company appointed Jeff Tripician, a veteran of the meat industry, as its new CEO. Tripician will oversee Meatable’s expansion into the United States.
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