Backed UPSIDE Foods — first USDA-approved cultivated chicken receives regulatory green light
Gates-backed UPSIDE Foods (originally Memphis Meats) became one of the first two companies to receive USDA authorization to sell cultivated — or lab-grown — chicken in the United States in June 2023. Gates had invested in Memphis Meats as early as 2016 and participated in the company's $400 million Series C funding round. UPSIDE Foods grows real animal muscle tissue from cells in bioreactors, requiring no slaughter and dramatically fewer land, water, and feed inputs than conventional poultry production. Gates has cited cultivated meat as one of the most promising technologies for reducing livestock agriculture's 14.5% share of global greenhouse gas emissions.
Source: https://abcnews.com/GMA/Food/fda-approves-1st-cell-cultivated-meat-upside-foods/story?id=100278334
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