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
"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. "
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."