Tyson Foods invests in firm trying to make meat from cells

Order is up. Who had the guilt-free, no-slaughter fried chicken wings? Tyson Foods Inc. has invested in a food-tech startup that’s developing methods to produce meat directly from animal cells. The Arkansas-based company announced Monday that its venture capital arm, Tyson Ventures, now has a minority stake in Memphis Meats. The terms of the deal haven’t been disclosed, but Memphis Meats says it expects to use the funds to accelerate product development.Tyson says the investment reflects the company’s commitment to find new, innovative ways of meeting a growing global demand for protein.Memphis Meats is based in the San Francisco Bay Area. The company is developing methods to produce meat from animal cells, which would eliminate the need to breed or slaughter animals. Citation: Tyson Foods invests in firm trying to make meat from cells (2018, January 29) retrieved 18 July 2019 from https://phys.org/news/2018-01-tyson-foods-invests-firm-meat.html © 2018 The Associated Press. All rights reserved. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further

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