Wholly cow! Another major scientific company fooled by the “Emperor’s new clothes” of cultivated meat!!! No, not seriously 😁. Significantly Thermo Fisher Scientific and Aleph Farms are co-operating to reduce the costs and improve the consistency of supply of cultivated meat growth media ingredients.
As I’ve written before, every time a large, established, industry relevant player partners with a new food technology company there’s many important outcomes. The ones to note here are;
1 – Credibility for the new technology. These established companies undertake a high degree of due diligence before committing their resources and reputation to the project.
2 – Resources. There’s a large step change in the expertise and physical resources available to the new technology company and the technology space generally.
In fact this particular agreement “allows other companies to access material supply from Thermo Fisher Scientific based on their own requirements.” This will benefit the wider industry as well as Aleph Farms.
Events like these are signals of change I look for when evaluating the potential futures of new technologies. That’s because these events additively increase the probability of success of the technology.
There’s still no guarantee that cultivated meat will be price and quality competitive with conventional meat, but the probability’s getting higher.