Singapore-based cultured seafood company Shiok Meats is one of 23 businesses to join American startup accelerator Y Combinator’s newest batch of brands. Shiok Meats aims to have its lab-grown shrimp and crab on the Southeast Asian market within the next three to five years.
Shiok Meats CEO and co-founder Dr. Sandhya Sriram told the Spoon last January that the company hopes to begin taste tests in high-end restaurants as early as next year. Dr. Sriram said that while Shiok Meats is using science and technology different from clean meat companies, they share similar challenges in terms of recreating certain tastes and textures.
But the cellular aquaculture company is taking steps to make it easier; its lab-grown crab, for example, will be grown without a shell. The company is also eschewing the controversial fetal bovine serum, which is obtained from slaughtered pregnant cows and is widely used to “feed” animal cells.
It's finally official!! We are backed by Y Combinator Accelerator (YC's first clean meat company!) and are featured exclusively on Tech in Asia – read our story as to how 2 scientists started Shiok Meats and our vision for it. "In their first two years, Shiok Meats plans to focus on Singapore and Hong Kong. The company believes that Asia’s more global and…" https://www.techinasia.com/scientists-aim-cellgrown-shrimp-crab-meat-commercial-reality @kayi.ling @ryanbethencourt @ycombinator @techinasia #shiokmeats #cleanmeats #singapore
Bringing lab-grown seafood to the Southeast Asian market provides unique challenges. US-based companies like Memphis Meats and cellular aquaculture brand Blue Nalu have the advantage of accessing funding and infrastructure. Compared to Asian consumers, who Dr. Sriram says are very “risk-averse,” US consumers are open to the idea of cell-based meat. A study by the Good Food Institute (GFI), a nonprofit organization that promotes the acceleration of plant-based and clean meat, revealed that 66 percent of Americans would be willing to try it.
Shiok Meats aims to be the first of its kind to bring clean seafood to Southeast Asia, targeting Hong Kong, Singapore, and India. Other companies are also working to bring lab-grown meat to the region. Japan’s Integriculture hopes to launch cell-based foie gras to the market by 2021. California-based food tech company JUST is working with beef producers to create clean Wagyu beef. The GFI is working with the Institute of Chemical Technology to open a clean meat lab in India by 2021.
Shiok Meats isn’t the only sustainably minded company to enter the Y Combinator accelerator. The program has also worked with plant-based milk delivery service Mylk Guys, Soylent, and vegan egg and cheese producer Spero Foods.
Y Combinator will provide Shiok Meats with the seed funding it needs in its early stages.