Investors have followed these trends from mutual funds for ‘clean’ stocks to venture capital promoting innovation in biotech for alternative protein
Funding will induce people to come out of labs and corporate jobs to take up entrepreneurship
BENGALURU : The outbreak of novel coronavirus has refocused attention on animal farming practices and the additives that go into animal feed. Even otherwise, there’s been a growing consumer pushback against dairy, poultry and fish pumped up with antibiotics, hormones and chemicals. Demand for products from traceable, organic and naturally-bred animals is rising along with a shift to plant-based foods.
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Investors have followed these trends from mutual funds for ‘clean’ stocks to venture capital promoting innovation in biotech for alternative proteins. For example, European VC Seventure Partners launched its AVF fund in 2018 to invest in startups developing technologies to produce food in healthier and more sustainable ways. It made its foray into India last year when it invested in Bengaluru biotech startup String Bio that is fermenting methane into fish and poultry feed.
Source: livemint
