RCS - Agronomics Limited - Two portfolio companies in XPRIZE semi-finals
14/07/2021 07:00
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RNS Number : 1391F Agronomics Limited 14 July 2021
14 July 2021
Agronomics Limited (https://agronomics.im/)
("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")
(https://www.bluenalu.com/) and CellX Limited ("CellX") (https://cellx.tech/)
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 (https://www.businesswire.com/) )--Today, XPRIZE
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.xprize.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=XPRIZE&index=1&md5=590fbbec7dbee249e564d06364635385)
is pleased to announce the 28 semifinalist teams
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.xprize.org%2Fprizes%2Ffeedthenextbillion%2Fsemifinalist-teams&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=28+semifinalist+teams&index=2&md5=a8341b3aab9a09ab6849f9e73c193094)
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 · MeatOurFuture
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.airprotein.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Air+Protein&index=3&md5=d3fa24755f2a8da7e12a190d691a0eaf) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeatourfuture.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=MeatOurFuture&index=17&md5=ed121f92cd26997b982cc205fa316c09)
, United States , South Africa
· Another Fish · Meati Foods
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.another.fish%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Another+Fish&index=4&md5=f5383d99be136f96d0608310a7e0f62b) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fmeati.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Meati+Foods&index=18&md5=57b4a9ffc97ec1497d2fe6408489b26b)
, Canada , United States
· Atlast Food Co · MyoWorks
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.atlastfood.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Atlast+Food+Co&index=5&md5=8981dbb4b5fd3c2bd3a59c117e741d36) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.myoworks.in%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=MyoWorks&index=19&md5=c8401fbb25dfb3e3aded53124c700e1d)
, United States , India
· BlueNalu · Novel Farms
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bluenalu.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=BlueNalu&index=6&md5=939834a7a75b9766edbe68ce3653d496) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.novelfarms.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Novel+Farms&index=20&md5=26af0420aa0e490a2ff943fd92f4a750)
, United States , United States
· Boston Meats · ProFillet
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.bostonmeats.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Boston+Meats&index=7&md5=f6402088b3f2f12acbc0809b1b9eb12c) (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.terrabiofood.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=ProFillet&index=21&md5=18d32f9b45db0cd23b2e78c9666ed25f)
, United States , Canada
· Brew51 · Revo Foods
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.brew51.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Brew51&index=8&md5=e9f9633d71f2d8ee611b56d993535fda) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Frevo-foods.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Revo+Foods&index=22&md5=487a5249134e5b6b6cddd6d3570cf653)
, India , Austria
· CELL AG TECH · SeaSpire
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcellagtech.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=CELL+AG+TECH&index=9&md5=69b5cdc39a257c076e9e30a92543ee4c) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fseaspire%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=SeaSpire&index=23&md5=9409be9dfbb8ed0e36f45dc28a94fc52)
, Canada , New Zealand
· CellX, · TFTAK
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcellx.tech%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=CellX%2C&index=10&md5=b38df0c92c4a0e166d6f1fea07858fdd) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftftak.eu%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=TFTAK&index=24&md5=0003a79cbf1ffe7587b65ebf2646de18)
China , Estonia
· DiverseFarm-Structured Meat · The Better Meat Co
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fen.diversefarm.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=DiverseFarm-Structured+Meat&index=11&md5=6b9ed4baeba5364df517a573679b3bc0) (https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.bettermeat.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=The+Better+Meat+Co&index=25&md5=10892fa2f0f5e79c3242ec2d8a9b317f)
, Japan , United States
· ENOUGH - NO LIMITS · The PlantEat
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.enough-food.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=ENOUGH+-+NO+LIMITS&index=12&md5=8df92de0f61706439fcacafb8230e163) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftheplanteat.github.io%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=The+PlantEat&index=26&md5=862a24d7ef56094433b0957130eb5b60)
, United Kingdom , South Korea
· GOOD Meat · Umami Meats
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fgoodmeat.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=GOOD+Meat&index=13&md5=bc447a9c28a2eeb0950cc311c5f3ee83) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.umamimeats.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Umami+Meats&index=27&md5=04ab1a9093c6e52e237765333724e9e8)
, United States , Singapore
· IntegriCulture · Umiami
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fintegriculture.jp%2F%3Flocale%3Den&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=IntegriCulture&index=14&md5=9196cd88e6b4a50d7d600e00b33d7155) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.umiami.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Umiami&index=28&md5=74d8384a060440a2d0a51a96c6bbe1a4)
, Japan , France
· Kernel Mycofoods · Whiteboard Foods
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.kernel.bio%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Kernel+Mycofoods&index=15&md5=63b3222f9bb82d18d31502c520ccf632) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.whiteboardfoods.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Whiteboard+Foods&index=29&md5=0ca34a3efb50f3b76e8e8b4cab0cc8ca)
, Argentina , Canada
· Kuleana · Wildtype
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fkuleana.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Kuleana&index=16&md5=a98e748e2a1e85e340218656330877af) (https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.wildtypefoods.com%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Wildtype&index=30&md5=85a8a138bdfa2089db1a65309181172e)
, United States , 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fimpactmaps.xprize.org%2Ffood&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Future+of+Food+Impact+Roadmap&index=31&md5=c85a3ac4ea4bc5dd33f863430a93c0e2)
, 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)
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.atrc.ae%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Advanced+Technology+Research+Council+%28ATRC%29&index=32&md5=6ec92efa79c6582e5875c1a025707ff0)
, 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thetonyrobbinsfoundation.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=The+Tony+Robbins+Foundation&index=33&md5=1d8e10822474b226cc14cff16b004d52)
, The Good Food Institute
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.gfi.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=The+Good+Food+Institute&index=34&md5=2d194d1db7911f07851c3723095b05ce)
, Foundation for Food and Agriculture
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ffoundationfar.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Foundation+for+Food+and+Agriculture&index=35&md5=c22adf433491001f2b7a7664cd66c49e)
, District 3
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fdistrict3.co%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=District+3&index=36&md5=f4f6c3578dd12319fdbee2f519ca2f6c)
, New Harvest
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fnew-harvest.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=New+Harvest&index=37&md5=3df37de2625ede930194b2b063b19d0b)
, and Proveg International
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fproveg.com&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Proveg+International&index=38&md5=30fe4266b6d3105ed1635752fea49638)
. 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.aspireuae.ae%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=www.aspireuae.ae&index=39&md5=049dfcde7bf518e287bbc91bd24037f4)
.
Connect with us on social media: LinkedIn
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Faspire-uae&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=LinkedIn&index=40&md5=c43c5779724631a989da9dd6f4ace5cd)
; Twitter
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2Faspireuae&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Twitter&index=41&md5=7a8f87784eda8cc162ef7222b3a16eed)
; Instagram
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.instagram.com%2Faspire.uae%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=Instagram&index=42&md5=fb84132da580f5b6e48e5f36c5f3c0d5)
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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thetonyrobbinsfoundation.org%2F&esheet=52458943&newsitemid=20210713005621&lan=en-US&anchor=www.thetonyrobbinsfoundation.org&index=43&md5=62c83745a6df98dfc9a05a6090eba645)
.
About BlueNalu (https://www.bluenalu.com/)
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 (https://cellx.tech/)
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 (https://agronomics.im/)
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/
(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 Capital TB Cardew
Limited Cornish Limited Securities Plc Limited
The Company Nomad Joint Broker Joint Broker Public Relations
Richard Reed Roland Cornish Giles Balleny Lucy Williams Ed Orlebar
Denham Eke James Biddle Nick Searle Charles Goodfellow Joe McGregor
+44 (0) 1624 639396 +44 (0) 207 628 3396 +44 (0) 207 397 8900 +44 (0) 207 469 0936 +44 (0) 20 7930 0777
info@agronomics.im +44 (0) 7738 724 630
agronomics@tbcardew.com
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