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By Faith Ashmore, Benzinga
When you look at global history, there are a few moments more significant than what is referred to as the agricultural revolution, the transformation from hunting and gathering to agriculture that catapulted humanity into what we now identify as a more modern civilization. This is largely because proper sustenance is what allows civilization to advance – without which it can come to a screeching halt with food becoming the most pressing concern. While civilization as we know it will never again be at the hunting and gathering stage, the globe is facing a food security crisis. The global population is expected to reach 9.8 billion by 2050, and as it stands, the current food production systems cannot support that many people.
Scientists and politicians are turning to innovative solutions like food tech to solve rising concerns around global food insecurity. Food tech refers to the application of technology in various aspects of the food industry, including production, processing, distribution and consumption. It encompasses the use of innovative techniques, tools and infrastructure to improve efficiency, sustainability, and safety within the food supply chain. With the growing global population and increasing demand for food, food tech has the potential to revolutionize the global food supply.
Many scientists firmly believe that food tech is the way of the future. Advancements such as precision farming, hydroponics and vertical farming can optimize crop yields, minimize resource consumption and reduce environmental impact. These technologies enable the growth of food in controlled environments, making it possible to cultivate crops in regions where traditional farming methods are limited by climate or land availability.
But perhaps the most exciting possibility of food tech is the development of alternative protein sources, such as plant-based and lab-grown or 3-D printed meat. Sustainable and environmentally friendly protein options reduce the pressure on traditional livestock farming, which is resource-intensive and contributes to greenhouse gas emissions.
Deep-tech food company Steakholder Foods Ltd. (NASDAQ: STKH) is making strides in the field of 3D-printed meat. The company has developed a state-of-the-art industrial-scale 3D bioprinter that could be poised to revolutionize meat production. The company’s core mission is to offer a diverse range of meat alternatives crafted from plant-based ingredients and 3D-printed cultivated beef, with the aim of replicating the taste and texture of traditional meat products.
The company’s leadership has a rich background in other food tech start-ups and research initiatives. Yaron Kaiser, the co-founder and chairman of Steakholder Foods, brings a wealth of experience to the table. He has a successful track record of founding various deep-tech companies traded on the Nasdaq. He serves as an executive board member for multiple food-tech firms. Yaron Kaiser, alongside Steakholder Foods’ cofounder and CEO Arik Kaufman, is a founding partner of the BlueSoundWaves collective, a prestigious group led by industry icons Ashton Kutcher, Guy Oseary and Effie Epstein.
Steakholder Foods also benefits from the expertise of Itamar Atzmony, the Chief Engineering Officer. With almost a decade of experience as a mechanical engineer and 3D printing expert, Itamar Atzmony brings invaluable skills to the company. His impressive background includes working at Nano Dimension, a leading provider of intelligent machines for manufacturing, and Highcon, a notable developer of digital cutting and creasing solutions for post-print processes. Mr. Atzmony's passion for food is evident as he is an avid amateur chef, showcasing his deep understanding and enthusiasm for the culinary world.
Under the leadership of food tech experts, Steakholder Foods has emphasized mastering the intricacies of 3D printing technology, enabling them to create a wide variety of meats including fish and beef steaks. In September the company introduced SH Beef Steak Ink, designed to be used with the company’s fusion printer technology. SH Beef Steak Ink was launched after the company was able to successfully demonstrate its ability to 3D print fish, which was a significant step forward for this technology as the company’s milestone marked the world’s first 3D printed cultivated fish fillet. SH Beef Steak Ink's goal is realism through a design that meticulously replicates a premium beef steak's fibrous texture, appearance and taste, providing an authentic experience. As part of Steakholder Foods' vision for scalability, Beef Steak Ink aims to become an industry standard, compatible with their fusion printer and accessible to businesses in the cultivated meat sector.
Food tech seems to be on the rise; Pitchbook estimated that in 2020, private equity invested $18.1 billion in 767 food tech-related companies. This compares favorably against the less than $500 million and 67 deals in 2010. Steakholder Foods is already ahead of the curve with its cutting-edge technology, and if the company continues to see success with its technology, it seems poised to cement its position as an industry leader.
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