Investors are hungry for meat-replacement technologies
By Molly Wood, KCBX Central Coast Public Radio (CA)
Feb 4, 2019
The Impossible Burger 2.0 arrives in restaurants around the country Monday. The company Impossible Foods won all kinds of "best of CES" awards at the big tech show in Las Vegas last month for creating a plant-based meat replacement that smells, tastes and looks like real beef. There's also all kinds of science going into growing meat from real meat cells. Molly Wood speaks with Larisa Rudenko, a biotechnology expert and a visiting scholar in emerging technology at the Massachusetts Institute of Technology. She says climate change, animal welfare and human health are all driving huge investment in meat-replacement technologies. The following is an edited transcript of her conversation with Wood.
Larisa Rudenko: So on the plant side, we probably have hundreds of millions of dollars pouring in from various sources, including some of the companies going public, and some of the big ones have valuations in the low billions of dollars. The clean meat space is a little bit behind it in terms of funding, but I would say, easily, that the funding has been in the tens of millions of dollars, maybe approaching hundreds of millions.
Molly Wood: What challenges might come up as some of these technologies and efforts start to scale?
Rudenko: So some of the potential downstream ripple effects, if you will, are: What are the components that go in? What is the supply chain like? Where are we going to get the ingredients that go into culturing these cells? Part of the downstream values-based effects are: What's going to happen to the people who currently are ranchers or farmers?
Wood: So while it seems like it makes a ton of environmental sense to just switch over completely, as with every technology, it has a lot of unintended consequences.
Rudenko: It does have unintended consequences, and part of the bit about unintended consequences is that you don't always know what they're going to be. I think one of the goals here is to have scale-up that's affordable so that this doesn't just become food for rich people and that it instead provides food for everyone.
Wood: At what point do you think — I mean, it's hard to predict — but at what point do you think that tipping point could occur?
Rudenko: I think it's really going to be depending on the technology that's used to scale up and to ensure that you can get the price point down to a reasonable level. The way to do this is not necessarily an immediate switch from one to the other, but rather a series of little steps, where we slowly start moving from traditional ways of providing high-protein food to people to more novel ways, but not necessarily in one single jump.
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