Steakholder Foods Ltd. Receives $250,000 Grant for Innovation
Steakholder Foods Secures Significant Grant for Seafood Innovation
Steakholder Foods Ltd. (NASDAQ: STKH) is making waves in the world of alternative proteins and 3D printing technologies. Recently, the company has announced that it has successfully secured a third payment of $250,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD). This latest installment brings the total grant funds received to an impressive $740,000 out of a $1,000,000 award aimed at advancing their innovative approach to 3D-printed plant-based seafood.
Grant Progress and Milestones
The journey leading to this grant has been marked by key achievements in developing hybrid fish products through advanced technology. Back in March, the first installment was awarded following Steakholder's pioneering production of 3D-printed fish, made possible by their innovative Printer HD144 and Drop Location in Space (DLS)™ printing technologies.
The company's second milestone payment was approved in November, which directly correlated with the successful creation of plant-based 3D-printed eel and fish. With the most recent funding, Steakholder Foods is poised to continue progressing with new premix blends for the second phase of the project focused on 3D printed eel. This step involves intense model planning, material development, and premix formulation to enhance the texture and flavor of eel products.
Commitment to Food Technology
Arik Kaufman, CEO of Steakholder Foods, expressed enthusiasm regarding the recent grant, stating, "We are thrilled to receive this third non-dilutive grant installment from SIIRD, which reflects our significant progress in our collaboration with Umami Bioworks and commitment to advancing food technology. We are excited to continue enhancing our 3D printing capabilities to produce additional high-quality, sustainable seafood alternatives." This statement highlights the company's dedication to pushing the boundaries of culinary innovation and sustainability.
About Steakholder Foods
Founded in 2019, Steakholder Foods is a pioneer in the alternative protein sector, specializing in the design and manufacture of 3D-printing production equipment fueled by proprietary premix blends. These blends are crafted from premium raw ingredients, allowing manufacturers to create products that not only meet but exceed the expectations of health-conscious consumers looking for delicious, sustainable options.
The company is well-known for replicating the intricate textures of traditional meats including beef steaks and various seafood types such as white fish and shrimp. Additionally, Steakholder Foods is exploring the potential of integrating cultivated cells into their products, aiming to stay at the forefront of food technology advancements.
As Steakholder Foods continues shaping the future of food, they remain committed to developing systems that provide safe, efficient, and environmentally friendly alternatives to conventional meat and seafood production methods.
Contact Information
For further inquiries, individuals can reach Steakholder Foods via different modes of communication. Their main contact email is Info@steakholderfoods.com. For investor queries, the appropriate point of contact is Investors@steakholderfoods.com. Additionally, for direct contact, one can reach out to Steakholder Foods Ltd. at +972-73-332-2853, located at 5 Fikes St., Rehovot 8680500.
Frequently Asked Questions
What is the total amount Steakholder Foods has received from SIIRD?
Steakholder Foods has received a total of $740,000 out of the $1,000,000 grant awarded by SIIRD.
How does Steakholder Foods utilize the SIIRD grant?
The grant funds are employed to further the development of 3D-printed plant-based seafood products, specifically focusing on hybrid fish and eel alternatives.
What is the significance of the recent $250,000 payment?
This payment is the third installment from the SIIRD grant and signifies progress in the company's ongoing project that explores new textures and flavors in artisanal seafood products.
Who is the CEO of Steakholder Foods?
The CEO of Steakholder Foods is Arik Kaufman, who actively promotes the company’s innovative technology and sustainable practices.
How does Steakholder Foods contribute to sustainable seafood production?
Steakholder Foods creates alternatives to traditional seafood using 3D printing technology, significantly reducing the environmental impact associated with conventional seafood production methods.
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