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Home / SmartTech / With $ 90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food – TechCrunch

With $ 90 million in funding, the Ginkgo spinoff Motif joins the fight for the future of food – TechCrunch



Ginkgo Bioworks has launched a new spinoff Motif Ingredients with $ 90 million in funding to

Ginkgo since late 2017 is the second spin-off of the company. Joyn Bio, a startup researching and developing bacteria that could improve crop yields.

Now , with Motif, Ginkgo is tackling the wild world of protein replacements for the food and beverage industry through the spinoff of Motif Ingredients.

It's a move that's likely to send shockwaves through several of the alternative meat and dairy companies that were using Throughout the Development of Protein Replacements, Ginkgo and her manufacturing partner in their quest to reduce the demand for animal husbandry 59002] "To help feed the world and meet consumers" evolving food preferences, traditional and complementary nutritional sources need to coexist. As a global dairy nutrition company, we see plant-and-fermentation-produced nutrition as complementary to animal protein, and in particular cows' milk, said Judith Swales, the Chief Operating Officer, for the Global Consumer and Foodservice Business, of Fonterra, Ginkgo's new spinout investor

Ginkgo's raised $ 90 million in financing from industry insiders like Fonterra and the global food processing and trading firm Louis Dreyfus Co., while tapping the pool of deep Marc Benioff, Jeff Bezos, Michael Bloomberg, Richard Branson, Bill Gates, Reid Hoffman, John Doerr, Vinod Khosla, Jack Ma, Neil Shen, and many more , Masayoshi Son, and Meg Whitman.

Leading Ginkgo's latest spinout is a longtime veterinarian of the food and beverage industry, Jonathan McIntyre, the former head of researc

McIntyre, who left Indigo just two years after being named the company's head of research and development, previously had stints at Monsanto, Nutrasweet, and PepsiCo (1

965). in both its beverage and snack divisions.)

"There's opportunity to produce proteins," says McIntyre. "Right now as population grows the protein supply is going to be challenged. Motif gives the ability to create and make products from low cost available genetic material. "

Ginkgo, which wants to provide engineering and design work to Motif

McIntyre's goals.

McIntyre's goals.

Ginkgo's backing as the manufacturer of new ingredients for Motif Ingredients should put McIntyre's goals in a comfortable position to achieve of bringing his company's first two years into the market. All Motif has to pay extra for the Ginkgo ingredients.

"We started putting motives together around February or March of 2018," Ginkgo co-founder Jason Kelly of the company's plans. "The germination of the business had its inception earlier though, from interacting with companies in the food and beverage scene. They have loved to work with us the same flavor profiles as traditional dairy and meats – has reached an inflection point over the past few years. Certainly, Danone, Tyson Foods, and others to take a look at the market.

Some industry insiders think it was Danone's 2016 acquisition of WhiteWave in a $ 12.5 billion deal that brought venture investors and food giants alike flocking to startups that were developing meat and dairy substitutes. Beyond Meat and Impossible Foods have only served to prove that a growing market exists for these substitutes.

At the same time, the problem of protein for a growing global population is critical is going to reverse course on climate change.

Photographer: David Parry.

Photographer: David Parry / EPA

Kristen Eshak Weldon, Head of Food Innovation & Downstream Strategy at Louis Dreyfus Company (LDC), said: "Innovative or disruptive solutions are key to responding to consumer demand and to addressing the challenge of feeding a growing world population ), a leading merchant and processor of agricultural goods.

Breakthrough Energy Ventures certainly thinks so.

The investment firm has been busy busy placing bets across a number of different biologically based solutions to reduce emissions associated with agriculture and cultivation. Pivot Bio is a startup competing with Ginkgo's own Joyn Bio to create nitrogen fixing techniques for agriculture.

For all of these companies, http://en.wikipedia.org

"Sustainability and access to nutrition are the biggest challenges facing the food industry today. Consumers are demanding mindful food options, but there's a myth that healthy and plant-based foods must come at a higher price, or may not taste or function like the animal-based foods they are aiming for replicates, "McIntyre said in a statement. "Biotechnology and fermentation is our answer, and Motif wants to propose the next food revolution with affordable, sustainable and accessible ingredients that meet the standards of chefs, food developers, and visionary brands."


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