Agronomics Limited Announces Meatable awarded €7.6 million Innovation Credit
Agronomics announces that its portfolio company, Meatable B.V., has secured €7.6 million in funding under the Innovation Credit programme from the Netherlands Enterprise Agency. This credit will be used to improve productivity and reduce costs as Meatable prepares for commercialization. Meatable, a frontrunner in cultured meat, has raised approximately €97 million to date, including a €30 million Series B funding round in August 2023.
Meatable recently achieved significant milestones, including hosting Europe's first public tasting of its cultivated meat products and reducing production times for its pork sausage by 50%, from 8 days to 4. Agronomics' Co-Founder and Executive Chair, Jim Mellon, highlighted Meatable's innovative approach as a promising solution to meet rising global meat demand while mitigating environmental impacts.
Agronomics annuncia che la sua società in portafoglio, Meatable B.V., ha ottenuto 7,6 milioni di euro di finanziamenti nell'ambito del programma Innovation Credit dell'Agenzia olandese per le imprese. Questo credito sarà utilizzato per migliorare la produttività e ridurre i costi mentre Meatable si prepara alla commercializzazione. Meatable, pioniere nella carne coltivata, ha raccolto circa 97 milioni di euro fino ad oggi, inclusa un round di finanziamento da 30 milioni di euro nella Serie B nel agosto 2023.
Di recente, Meatable ha conseguito traguardi significativi, tra cui l'organizzazione della prima degustazione pubblica d'Europa dei suoi prodotti di carne coltivata e la riduzione dei tempi di produzione per la sua salsiccia di maiale del 50%, passando da 8 giorni a 4. Jim Mellon, co-fondatore e presidente esecutivo di Agronomics, ha sottolineato l'approccio innovativo di Meatable come una soluzione promettente per soddisfare la crescente domanda globale di carne, riducendo al contempo gli impatti ambientali.
Agronomics anuncia que su empresa en cartera, Meatable B.V., ha asegurado 7,6 millones de euros en financiación bajo el programa de Crédito a la Innovación de la Agencia Empresarial de los Países Bajos. Este crédito se utilizará para mejorar la productividad y reducir costos mientras Meatable se prepara para la comercialización. Meatable, líder en carne cultivada, ha recaudado aproximadamente 97 millones de euros hasta la fecha, incluidos 30 millones de euros en una ronda de financiación Serie B en agosto de 2023.
Recientemente, Meatable logró hitos significativos, incluyendo la organización de la primera degustación pública de Europa de sus productos de carne cultivada y la reducción de los tiempos de producción de su salchicha de cerdo en 50%, de 8 días a 4. Jim Mellon, cofundador y presidente ejecutivo de Agronomics, destacó el enfoque innovador de Meatable como una solución prometedora para satisfacer la creciente demanda global de carne, al tiempo que mitiga los impactos ambientales.
Agronomics는 자회사인 Meatable B.V.가 네덜란드 기업청의 혁신 신용 프로그램에서 760만 유로의 자금을 확보했다고 발표했습니다. 이 자금은 Meatable이 상업화를 준비하면서 생산성을 향상하고 비용을 절감하는 데 사용될 것입니다. Meatable은 배양육 분야에서 선두주자로, 현재까지 약 9,700만 유로를 조달했으며, 2023년 8월에 3천만 유로 시리즈 B 자금 조달 라운드를 포함합니다.
최근 Meatable은 유럽 최초의 공개 시식 행사 개최와 생돼지 소시지 생산 시간을 50% 단축해 8일에서 4일로 줄이는 등 중요한 이정표를 달성했습니다. Agronomics의 공동창립자이자 의장인 Jim Mellon은 Meatable의 혁신적인 접근 방식을 늘어나는 글로벌 육류 수요를 충족하면서 환경 영향을 줄이는 유망한 해결책으로 강조했습니다.
Agronomics annonce que sa société de portefeuille, Meatable B.V., a sécurisé 7,6 millions d'euros de financement dans le cadre du programme de Crédit à l'Innovation de l'Agence néerlandaise pour les entreprises. Ce crédit sera utilisé pour améliorer la productivité et réduire les coûts alors que Meatable se prépare à la commercialisation. Meatable, pionnier de la viande cultivée, a levé environ 97 millions d'euros à ce jour, y compris un tour de financement de 30 millions d'euros en Série B en août 2023.
Récemment, Meatable a atteint des étapes significatives, y compris l'organisation de la première dégustation publique en Europe de ses produits de viande cultivée et la réduction des temps de production de ses saucisses de porc de 50%, passant de 8 jours à 4. Jim Mellon, cofondateur et président exécutif d'Agronomics, a souligné l'approche innovante de Meatable comme une solution prometteuse pour répondre à la demande mondiale croissante de viande tout en atténuant les impacts environnementaux.
Agronomics kündigt an, dass ihre Portfoliogesellschaft, Meatable B.V., im Rahmen des Innovationskredits der niederländischen Unternehmungsbehörde 7,6 Millionen Euro an Finanzierung gesichert hat. Dieses Kredit wird verwendet, um die Produktivität zu verbessern und Kosten zu senken, während sich Meatable auf die Kommerzialisierung vorbereitet. Meatable, ein Vorreiter im Bereich kultiviertes Fleisch, hat bis heute etwa 97 Millionen Euro gesammelt, einschließlich einer 30 Millionen Euro Serie B Finanzierungsrunde im August 2023.
Meatable hat kürzlich bedeutende Meilensteine erreicht, darunter die Durchführung der ersten öffentlichen Verkostung in Europa ihrer kultivierten Fleischprodukte und die Reduzierung der Produktionszeiten für ihre Schweinswurst um 50%, von 8 Tagen auf 4. Jim Mellon, Mitbegründer und Exekutivvorsitzender von Agronomics, hob den innovativen Ansatz von Meatable als vielversprechende Lösung hervor, um der steigenden globalen Nachfrage nach Fleisch gerecht zu werden und gleichzeitig die Umweltauswirkungen zu mildern.
- Meatable secured €7.6 million in funding from the Netherlands Enterprise Agency
- Meatable has raised approximately €97 million to date
- Meatable hosted Europe's first public tasting of its cultivated meat products
- Meatable achieved a 50% reduction in production times for its pork sausage
- None.
DOUGLAS, ISLE OF MAN / ACCESSWIRE / September 24, 2024 / Agronomics, a leading listed company in the field of cellular agriculture, is pleased to announce that its portfolio company, Meatable B.V. ("Meatable"), has secured €7.6 million in funding under the Innovation Credit programme from the Netherlands Enterprise Agency.
The programme is intended for the development of innovative development projects that are proven to have a good degree of technical feasibility and excellent market prospects. The funding is in the form of milestone linked credit payments that are spread out across the period and will be repaid following the completion of the project. Meatable will use the credit to further improve productivity and reduce costs in the lead-up to commercialisation.
Meatable has rapidly emerged as a frontrunner in the field of cultured meat, having raised approximately €97 million to date including a €30 million Series B funding round in August 2023. Meatable has also recently achieved a groundbreaking milestone by hosting Europe's first public tasting of its cultivated meat products at its headquarters in Leiden, Netherlands. In addition, Meatable announced in April that it had achieved a
Agronomics Co-Founder and Executive Chair Jim Mellon commented:
"The new funding awarded to Meatable is a testament to its innovative approach and the immense potential of cultured meat. As global meat consumption continues to rise, traditional livestock production methods are facing increasing pressure to meet demand while mitigating environmental impacts. Meatable's innovative approach offers a promising solution by producing meat without the need for animal slaughter, thereby reducing carbon emissions, water consumption, and land use. We are excited to see Meatable enter the next stage of growth as it achieves regulatory approval and commercialises its products."
The full announcement is set out below without any material changes:
September 2024 - Meatable has been awarded EUR 7.6 million under the Innovation Credit program by the Netherlands Enterprise Agency (RVO). The RVO Innovation Credit is intended for the development of innovative development projects with considerable technological risks and excellent market prospects. Meatable will use the credit to further improve productivity and reduce costs in the lead-up to commercialisation.
Demand for meat continues to grow rapidly. Already, as many as 828 million people - or
Meatable has developed a unique technology platform to produce cultivated meat and will work as a partner to the meat industry to roll out products at scale. The Innovation Credit comes on top of Meatable's 2023
The Netherlands Enterprise Agency helps entrepreneurs and organisations to invest, develop and expand their businesses and projects, both in the Netherlands and abroad. RVO is a government agency and part of the Dutch Ministry of Economic Affairs.
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Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.
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SOURCE: Agronomics Limited
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