The Good Food Institute

Broad consumer uptake requires companies to scale and reach price parity, but to finance this expensive process they need to have broad consumer uptake. So what’s the solution? In part 2 of Good Food Institute Europe's scale-up series, Carlotte Lucas explores target market selection for alternative protein startups as they scale, highlighting the importance of finding the right market at every stage of growth, and the importance of being able to pivot if needs demand it. Dig in: https://bit.ly/4cXSa2P

📊 While public support for #alternativeproteins is growing, A Global Innovation Needs Assessment found that governments must invest $10.1 billion in the sector on an annual basis to reap their full benefits, including 9.8 million jobs, $1 trillion in economic value, and bolstering climate, food security, and global health goals. That's a $9.8 billion funding gap. Though new announcements boosted prospects for future investment, the estimated $348 million spent in 2023 satisfied less than four percent of the total public funding need. Download our 2023 State of Global Policy Report for details → https://bit.ly/3rqzuGD

🌊 Dive into the future of cultivated seafood at our Fish & CHIPS event series! If you're working on #cultivatedseafood and would like to connect with others in the field, please join us for one of two sessions👇 Session 1: https://bit.ly/3RRx9yM Session 2: https://bit.ly/4eMZb8k

🇨🇳 China is proposing bold new initiatives for its alternative protein sector including increased R&D, expanded market access, a wider scientific talent pipeline, and national education & promotional programs. The Good Food Institute APAC has the details → https://bit.ly/4eYpM2g It's great to see China leaning into #alternativeproteins in the same way it has for solar power and electric vehicles to help meet its climate goals. For more information on the full scope of global support for alternative proteins, check out our 2023 State of Global Policy Report → https://bit.ly/3rqzuGD

💸 iFAB Tech Hub has been awarded approximately $51 million to enhance biomanufacturing and precision fermentation capabilities in Central Illinois. Learn more → https://bit.ly/3LhlbKV Awarded by the U.S. Department of Commerce Economic Development Administration (EDA) in the form of an implementation grant, the funding will help position Central Illinois as a global leader in biomanufacturing and precision fermentation, supporting national security, economic growth, and job generation. The funding is part of the Biden-Harris Administration’s Tech Hubs Program, a national initiative aimed at investing in and growing regional bioeconomies and workforce development in critical technologies across the country, and follows $680 million in funding announced earlier this year. “Central Illinois is uniquely positioned to lead the way in biomanufacturing, leveraging an ecosystem of industry leaders, innovative startups, world-class R&D, scalable infrastructure, abundant feedstock production, and robust transportation networks,” said iFAB leader Nicole Bateman, president of the Economic Development Corporation of Decatur & Macon County. It's truly energizing to see continued substantial public support for #alternativeproteins to foster vibrant regional bioeconomies in the Midwest. 👏

🔗 A new report released by Boston Consulting Group (BCG), GFI, and Synthesis Capital reveals striking parallels between the alternative protein and electric vehicle industries. Take a look 👉 https://on.bcg.com/4cVsx2x 🚙 💨 According to the report, increasing the share of #alternativeproteins to half the global protein market would have the equivalent environmental impact of taking half of gas-fueled cars off the road, as animal agriculture produces 15% to 20% of global greenhouse gas emissions, compared with 10% for passenger road transportation. 💸 Despite being one of the most effective technologies we have to reduce the environmental impact of our global food system, alternative proteins received roughly $1.1 billion in government support in 2022 and 2023 compared with over $470 billion in funding for batteries and electric vehicles announced in 2022 and 2023. 💡 As GFI senior associate director of industry intelligence & initiatives Emma Ignaszewski notes: “Securing public funding—which has been instrumental for EV innovation—is critical for alternative proteins to scale and compete with conventional meat on taste and price. And competing on these drivers of consumer choice is the blueprint for alternative proteins to help decarbonize the food sector, just as electric vehicles can help decarbonize the transportation sector.” ✍️ In our latest Substack article, GFI business analyst Daniel Gertner digs into how and why alternative proteins should take a page out of the electric vehicle industry's playbook. Check it out 👉 https://bit.ly/3W1SPcy

🗺️ Curious where alternative protein research and innovation is happening? Our interactive ecosystem map visually captures clusters of activity across the globe. Check it out → https://ecosystem.gfi.org/ 🧭 Navigate the map by country, alternative protein type, technology focus, and other filters to reveal a rapidly growing #alternativeprotein landscape and dive into your region or topic of interest. 📍The ecosystem map is a living resource, and we'd love the community's help making it more comprehensive. Do you have an alt protein company or researcher to add? Make a submission* through our 'Add a Pin' button in the upper-right-hand corner of the map: https://ecosystem.gfi.org/ *Please note that submissions are open to companies who focus the majority of their operations on alternative protein ingredients and products and academic researchers working in plant-based meat, cultivated meat, and fermentation technologies.

⚖️ The future of food is calling legislative and policy enthusiasts to take on two new opportunities on our team: Policy Associate and Legislative Specialist (States). Check out these DC-based, hybrid roles ⤵ GFI's Policy Associate will use their writing and analysis skills to advocate for public investment and fair rules to create a better future of food. 📍 Hybrid - Washington D.C. 💲 Salary: $79,914.12 - $83,910.06 📆 Apply by July 15: https://bit.ly/3XHVryK The Legislative Specialist (States) will lead GFI's legislative efforts, campaigning in favor of the use of public research and development funds for alternative proteins and defending against bans on cultivated meat and seafood and label censorship laws. 📍 Hybrid - Washington D.C. 💲 Salary: $87,905.74 - $92,301.07 📆 Apply by July 29: https://bit.ly/4biYWyU

🔬Join us on July 18 for our next Science of Alt Protein seminar to learn about the CellFood hub at Aarhus University, a collaborative project seeking to expand support for cultivated meat research. Attend* 👉 https://bit.ly/4cpNZNo Dr. Jette Feveile Young, professor at Aarhus University, will discuss the CellFood hub and her lab's #cultivatedmeat research areas, including cell culture media without FBS, a cyclic bio-economy concept, and basic investigations of lipid incorporation and maturation of cells postharvest with perspectives for taste development. *Please note: This seminar will not be recorded, so you will need to join the live presentation to hear Dr. Young's insights!

Chicago-based startup Hydrosome Labs LLC is using ultra-fine bubbles to address capacity constraints and other challenges facing the field of fermentation-derived alternative proteins. The bubbles dramatically increase yield while lowering energy, input, and cost requirements. As the demand for fermentation capacity grows, the company says it wants to partner with companies in the alt protein space to help them "increase production within the current infrastructure that is available" and achieve their goals more efficiently. For more on the manufacturing capacity landscape and scaling strategies for fermentation-derived protein, check out our report from June 2023: https://bit.ly/3zsw8qx. This analysis by GFI and Integration Consulting describes the global fermentation-derived product manufacturing landscape and strategies to effectively scale manufacturing capabilities to support technology development and meet future demand.