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Company News, Environment, R&D, Sustainability

Aleph Farms, the first cultivated meat company to grow steaks directly from non-genetically engineered animal cells, has nnounced that it has been officially recognized by the Agriculture Innovation Mission for Climate (AIM for Climate) as an Innovation Sprint Partner. As part of this innovation sprint, $40 million is being invested in cellular agriculture R&D over the next five years through Aleph Farms. 

It will introduce its products into global markets as soon as regulatory processes conclude and approvals are finalized. 

Cultivated meat is also far more efficient than cows at converting feed into meat. By requiring 95% less land, cultivated meat opens up new opportunities for land use, including producing more food and re-wilding habitats for biodiversity, the latter of which further reduces emissions.

“Enhancing food security via cellular agriculture empowers communities and fosters regional cooperation, spurring economic growth in the process. This is why we are especially proud to be allocating these R&D funds as an AIM for Climate Innovation Sprint Partner,” said Didier Toubia, co-founder and CEO of Aleph Farms. “With cellular agriculture, humanity is better equipped to overcome significant food-related challenges and bring agricultural systems back into balance.”

Aleph Farms, the first cultivated meat company to

Agrotech, Finance

Total funding amount is $17 million which will be used to fund commercialisation and continued development the technology

Hico Capital, a subsidiary of SK networks based in US, has invested in a US AgTech startup. SK networks has announced on June 30(CDT) that the company will invest $4 million, via Hico Capital, its US investment subsidiary, in the Series A round for tractor automation solution provider, Sabanto (based in Chicago, Illinois, USA). Total funding amount is $17 million which will be used to fund commercialisation and continued development the technology.

Sabanto is a startup offering an automation solution for farming tractors and differentiates itself from competitors by delivering an automation solution deployable in conventional tractors currently in operation. In addition, as the solution is offered as an open platform, it is compatible with most of the tractor brands.

Hico Capital has made its investment decision based on the considerable growth potential of AgTech industry as well as Sabanto’s differentiated technologies. The US agriculture industry faces a series of challenges including aging farmers, shortage of labour, and rising costs, which have prompted the government and the market to consider automation technology as a possible solution.

Samuel Kim, Managing Director at Hico Capital commented, “The AgTech industry is one of the fastest growing sectors in the United States, and Sabanto’s automation tech offerings will not only boost the operational efficiency of tractors but also contribute to the sustainability in agriculture.”

Total funding amount is $17 million which will be

Environment, Finance

This investment is part of the National Institute of Food and Agriculture’s Agriculture and Food Research Initiative (AFRI)

The US Department of Agriculture has announced a $9 million investment in new Cooperative Extension and USDA Climate Hubs partnerships to bolster climate research and connect and share climate-smart solutions directly with the agricultural community.
 
“The Cooperative Extension system and the USDA Climate Hubs have unmatched capacity to reach agricultural, Tribal and undeserved communities, as well as educators and students, and our nation’s farmers directly,” said Agriculture Secretary Tom Vilsack.
 
This investment is part of the National Institute of Food and Agriculture’s Agriculture and Food Research Initiative (AFRI), the nation’s leading competitive grants programme for agricultural sciences. This new AFRI program area provides effective, translatable and scalable approaches to address climate change through regional partnerships, including the USDA Climate Hubs, and further extends outreach through organisations such as the Cooperative Extension Service.
 
“These new NIFA-funded projects will work toward net-zero emissions in agriculture, working lands and communities adapted to climate change, training a diverse workforce that can communicate and incorporate climate considerations into management and climate justice that is appropriate for unique US agronomic conditions,” said NIFA Director Dr Carrie Castille.

The initial six funded projects include:

  • University of California (Davis) 
  • Pennsylvania State University 
  • Montana State University 
  • Ohio State University 
  • The Desert Research Institute Native Climate 
  • The USDA Caribbean Climate Hub 

This investment is part of the National