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Robert Downey Jr Invests in a New Vegan Bacon Alternative
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Robert Downey Jr Invests in a New Vegan Bacon Alternative
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Leather-like materials dominate at bio-based summit
Anne Prahl
15th April 2021
The two-day online Next-Generation Bio-Based Alternative Materials Innovation Summit, held from 30 March – 1 April 2021, in collaboration with the Material Innovation Initiative, brought together innovators from start-ups and biotech companies with fashion brands, suppliers and manufacturers, to explore the challenges and opportunities in the successful commercialisation of bio-based materials and technologies.
Engineered & bio-fabricated leather alternatives
In her opening keynote ‘Growing Next-Gen materials’, Nicole Rawling, Executive Director at Material Innovation Initiative, made the case for animal-free material innovation, which could outperform animal-derived materials in terms of sustainability, ethics, price and aesthetics. In particular, Rawling highlighted the material waste issues for bovine leather production, which are due to the biological constraints of the cow.
Maker Of Mushroom-Sourced Bacon Raises $40 Million To Reach Grocers At Scale
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Dive Brief:
Atlast Food Co., which makes alternatives to bacon out of mushroom mycelium through its MyEats brand, raised $40 million to develop and supply whole-cut meat alternatives to partners worldwide through development and scaling its technology. Atlast President Stephen Lomnes said the company is currently building the nation s largest mycelium production facility.
Viking Global Investors led the funding round. It was joined by 40 North, AiiM Partners, Senator Investment Group, Stray Dog Capital and the Footprint Coalition. Leaders and founders from different food and CPG companies, including Applegate, Stonyfield and Whole Foods, also participated.
Atlast is one of a handful of companies that use mushroom mycelium the fungus long roots to make whole cut meat alternatives instead of the ground varieties made by most plant-based meat companies. The company s MyBacon has been on the market in the area near its Albany, New York, home since last November, and Atlast said