Biobetter News
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growth-positive
הדרך המהירה לבשר מתורבת: BioBetter היא הזוכה בתחרות פודטק 2022 | כלכליסט
BioBetter, a company that operates in the field of alternative protein and growth factors for cultured meat, has won the FoodTech 22 competition organized by Calcalist and Tnuva. The company uses tobacco plants to produce growth factors at a low cost. BioBetter will receive up to $100,000 for the commercial implementation of the technology in Tnuva or as an investment, and up to 50,000 shekels for advertising in Calcalist Digital. The company, which employs 27 people in Kiryat Shmona, is in the pilot stage. It has raised $16.5 million to date from investors including JVP, Alpha Capital, Galil Ofek Incubator, Milk & Honey, and the Israel Innovation Authority.
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growth-positive
BioBetter wants to reduce the cost of cultivated meat with tobacco
Israeli company BioBetter aims to reduce the cost of growth factors for cultivated meat by using tobacco plants as natural bioreactors. Currently, growth factors account for a significant portion of the production costs of cultivated meat. BioBetters approach involves inserting gene sequences into tobacco plants to produce growth factors, which are then extracted and purified using a proprietary process. The company recently raised $10 million in a Series A funding round led by Jerusalem Venture Partners. By utilizing tobacco plants as bioreactors, BioBetter aims to bring down the cost of growth factors from $50,000 - $500,000 per gram to just one dollar per gram.
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growth-positive
BioBetter Raises USD10M in Funding - FinSMEs
BioBetter, a FoodTech startup based in Kiryat Shemona, Israel, has raised USD10M in funding. The round was led by Jerusalem Venture Partners (JVP) and included participation from Milk and Honey Ventures and the Israeli Innovation Authority (IIA). BioBetter has developed a protein manufacturing platform using tobacco plants as natural bioreactors to produce growth factors (GFs) necessary for cultivated meat. The funding will be used to expand the companys product portfolio of GFs and double its workforce. BioBetter plans to establish a larger pilot plant in Israel to increase its tobacco plant-processing capacity and meet the demand from cell-based meat cultivators worldwide.
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Tobacco Plants Heralded As the Secret To Cultivated Meat Scale-Up By Israeli Food Tech Startup
BioBetter is using tobacco plants to create cost-effective growth factors for cultivated meat production. The startup aims to overcome the obstacle of scaled production in the industry by manufacturing animal-free growth factors at a fraction of conventional costs. By leveraging tobacco plants as bioreactors, BioBetter can provide a consistent source of natural bioreactors for cultivated meat growth. The use of tobacco plants allows for a significant reduction in the cost of manufacturing growth factors, potentially making cultivated meat economically viable. The article also mentions the growth of Israels alt-protein industry and the investments made by companies like Future Meat and Aleph Farms.
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growth-positive
BioBetter Breaks Bottleneck in Cultivated Meat with Tobacco Plants
FoodTech start-up BioBetter has discovered a way to use tobacco plants to overcome the challenge of scaled production in the cultured meat industry. By repurposing tobacco plants, BioBetter can create the growth factors necessary for the cellular development of cultivated meat, significantly reducing costs and advancing the industry. The use of tobacco plants as bioreactors offers advantages such as renewable energy, CO2 fixation, and self-sustainability. BioBetters proprietary protein extraction and purification technology allows for high-purity production on a large scale. The company has raised $5 million in investment from private investors and is participating in the Israel Innovation Authority program and the Good Food Institute.
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