TIDMANIC
Agronomics Limited
14 July 2021
14 July 2021
Agronomics Limited
("Agronomics" or the "Company")
Two Portfolio Companies Reach the Semi-Finals of XPRIZE's 'Feed
the Next Billion' Competition
Agronomics, a leading listed investor in alternative proteins
with a focus on cellular agriculture and cultivated meat, is
pleased to announce that two of its portfolio companies BlueNalu,
Inc. ("BlueNalu") and CellX Limited ("CellX") have reached the
Semi-Finals of XPRIZE's 'Feed the Next Billion' competition.
The full announcement is set out below with no material changes
or adjustments:
July 13, 2021
LOS ANGELES--( BUSINESS WIRE )--Today, XPRIZE is pleased to
announce the 28 semifinalist teams moving forward in XPRIZE Feed
the Next Billion. The $15 million competition, launched in December
2020, is aimed at reinventing how humanity will feed future
generations by incentivizing the production of structured chicken
breast or fish fillet alternatives that replicate or outperform
conventional chicken and fish in access, environmental
sustainability, animal welfare, nutrition and health, as well as
taste and texture.
Selected by the competition's panel of judges, the 28
semi-finalist teams were chosen based on their technical
submissions and represent 14 countries.
Over the next year, semi-finalists will work closely with the
competition's ecosystem and sponsors, which include ASPIRE and The
Tony Robbins Foundation, as they begin to develop the first
iteration of their products. From the semi-finalist teams, up to 10
Finalist teams will be chosen based on the merit of their technical
solution prototypes towards the end of 2022 and will split a
milestone award of $2.5 million. Finalist teams will enter one last
round of solution development before final judging which will award
one grand prize team a prize of $7 million, second & third
place prizes of $2 and $1 million respectively, and a bonus prize
of $2 million. The winning teams will need to create at least
twenty-five cuts of structured chicken breast or fish fillet
analogs of 115 gram or four ounce that replicate the sensory
properties, versatility, and nutritional profile of conventional
chicken or fish.
XPRIZE is pleased to share that the following teams have been
selected to move forward in the competition:
* Air Protein , United States * MeatOurFuture , South Africa
* Another Fish , Canada * Meati Foods , United States
* Atlast Food Co , United States * MyoWorks , India
* BlueNalu , United States * Novel Farms , United States
* Boston Meats , United States * ProFillet , Canada
* Brew51 , India * Revo Foods , Austria
* CELL AG TECH , Canada * SeaSpire , New Zealand
* CellX, China * TFTAK , Estonia
* DiverseFarm-Structured Meat , Japan * The Better Meat Co , United States
* ENOUGH - NO LIMITS , United Kingdom * The PlantEat , South Korea
* GOOD Meat , United States * Umami Meats , Singapore
* IntegriCulture , Japan * Umiami , France
* Kernel Mycofoods , Argentina * Whiteboard Foods , Canada
* Kuleana , United States * Wildtype , United States
"Over the past several years, as our global population continues
to grow and the demand for meat products increases, it has become
clear that our current global food chain cannot keep up," said
Caroline Kolta, XPRIZE Feed the Next Billion Program Lead. "We know
we need more nutritious, environmentally-friendly and sustainable
alternatives to conventional animal-based products, and that wide
scale adoption will require additional innovation continuously
being brought to market. I am thrilled about the international
cohort of Semi-finalists selected to embark on this journey of
innovation and exploration to shape a future of food, starting with
chicken and fish."
The XPRIZE Feed the Next Billion judging panel consists of a
diverse, international group of tech industry experts working at
the highest levels of academia and research. The 8 judges
include:
-- Amy C. Rowat, Associate Professor of Integrative Biology and
Physiology at the University of California, Los Angeles
-- Brian Jacobson, Assistant Director of Pilot Plant Operations
University of Illinois, Integrated Bioprocessing Research
Laboratory (IBRL)
-- Dan Blaustein-Rejto, Director of Food & Agriculture at The Breakthrough Institute
-- Kantha Shelke, Ph.D., Founder and Principal at Corvus Blue LLC
-- Dr. Keith Cox, Co-founder and Chief Scientific Officer of
Seafood Analytics, Assistant Professor of Marine Fisheries at The
University of Alaska Southeast (UAS)
-- Dr. Laura Domigan, Biomaterials Scientist, University of Auckland, New Zealand
-- Dr. Marcos Sanchez-Plata, Associate Professor, Global Food
Security - Animal and Food Sciences at Texas Tech University
-- Olivia Ogilvie, Postdoctoral Fellowship in Cellular
Agriculture with a Specific Focus on Cultured Meat - The University
of Auckland
XPRIZE Feed the Next Billion originated from the Future of Food
Impact Roadmap , an in-depth analysis by XPRIZE of global food
system challenges, which found alternative proteins at-scale to be
a critical impact area requiring significant technological
advances, decreased price points, and notable shifts in consumers'
preferences. The competition was then launched with the support of
partners including ASPIRE, a part of Abu Dhabi's Advanced
Technology Research Council (ATRC) , the technology programme
management pillar of Abu Dhabi's Advanced Technology Research
Council (ATRC) which shapes research and development for
transformative technology outcomes and defines Abu Dhabi's R&D
strategy, The Tony Robbins Foundation , The Good Food Institute ,
Foundation for Food and Agriculture , District 3 , New Harvest ,
and Proveg International . Through the development of chicken and
fish alternatives, teams competing in the prize will work to ensure
that, as the world grows in wealth, the availability of sustainable
food can meet the coming demand for food products that allow the
next billion to live active and healthy lives.
To learn more about XPRIZE Feed the Next Billion, visit
xprize.org/feed.
ABOUT XPRIZE
XPRIZE, a 501(c)(3) nonprofit, is the global leader in designing
and implementing innovative competition models to solve the world's
grandest challenges. Active competitions include the $100 Million
XPRIZE Carbon Removal with Elon Musk, $20 Million NRG COSIA Carbon
XPRIZE, $15 Million XPRIZE Feed the Next Billion, $10 Million
Rainforest XPRIZE, $10 Million ANA Avatar XPRIZE, $5 Million IBM
Watson AI XPRIZE, $5 Million XPRIZE Rapid Reskilling and $1M
Digital Learning Challenge. For more information, visit
xprize.org.
About ASPIRE
ASPIRE drives the creation of future transformative technologies
as the programme management pillar of Abu Dhabi's Advanced
Technology Research Council (ATRC). ATRC is responsible for
defining Abu Dhabi's research and development strategy,
consolidating funds for efficient investment and driving policy and
regulation. ASPIRE works in consultation with cross-sector industry
stakeholders, universities and research institutes to frame problem
statements. It also launches grand challenges and international
competitions to solve some of the world's most pressing issues.
ASPIRE brings together exceptional people, ideas, resources and
technologies to solve complex challenges. For more information,
please visit www.aspireuae.ae .
Connect with us on social media: LinkedIn ; Twitter ; Instagram
ABOUT THE TONY ROBBINS FOUNDATION
Founded in 1991, The Tony Robbins Foundation is a nonprofit
organization created to empower individuals and organizations to
make a significant difference in the quality of life of people
often forgotten. Through global programs and initiatives, The Tony
Robbins Foundation is dedicated to creating positive changes in the
lives of youth, seniors, the hungry, homeless and the imprisoned
population. The Foundation helps provide millions of meals globally
each year, has awarded over 2,000 grants and other resources to
health and human services organizations, implemented curriculum in
1,700 plus correctional facilities and gathered thousands of young
leaders from around the world with its teen programs. For more
information, visit www.thetonyrobbinsfoundation.org .
About BlueNalu
BlueNalu's mission is to develop great tasting, healthy, safe,
and trusted cell-cultured seafood products that support the
sustainability and diversity of our ocean. BlueNalu is aligned with
the United Nations' Sustainable Development Goals, a blueprint to
achieve a better and more sustainable future for our planet.
BlueNalu began its operations in 2018 and is based in San Diego,
California.
About CellX
CellX is a China-based cellular agriculture company working to
revolutionise agriculture by creating clean meat products using
cell culturing and 3D bioprinting technologies. Its goal is to
provide a sustainable source of animal protein, while advancing
human health and improving animal welfare.
About Agronomics
Agronomics is a leading listed alternative proteins company with
a focus on cellular agriculture and cultivated meat. The Company
has established a portfolio of 16 companies at the Seed to Series B
stage in this rapidly advancing sector. It seeks to secure a 5-10%
initial ownership in technologies with defensible intellectual
property that offer new ways of producing food and materials with a
focus on products historically derived from animals. These
technologies are driving a major disruption in agriculture,
offering solutions to improve sustainability, as well as addressing
human health, animal welfare and environmental damage. This
disruption will decouple supply chains from the environment and
animals, as well as being fundamental to feeding the world's
expanding population. A full list of Agronomics' portfolio
companies is available at https://agronomics.im/portfolio/ .
About the Cultivated Meat Sector
Funding in the cultivated meat sector is growing rapidly with
approximately US$ 170 million invested worldwide between 2016-2019
and over US$ 270 million raised in 2020 alone. Additional
financings are anticipated as the capital requirements of these
companies grows to build out and scale up manufacturing facilities.
Currently it is estimated that there are 80 companies globally
within the sector. AT Kearney, a global consultancy, has predicted
that Cultivated Meat's market share of meat consumption will be 35%
by 2040.
For further information please contact:
Agronomics Beaumont Cenkos Peterhouse TB Cardew
Limited Cornish Securities Capital
Limited Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
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Richard Roland Cornish Giles Balleny Lucy Williams Ed Orlebar
Reed James Biddle Nick Searle Charles Joe McGregor
Denham Goodfellow
Eke
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7930 0777
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info@agronomics.im 3396 8900 0936 agronomics@tbcardew.com
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