The Swiss cooperative has not specified exactly how much it has invested in the Israeli start-up founded in 2017, which has raised $11.7 million in a funding round.
Aleph Farms External linksays it is able to reproduce different types of beef cells, such as muscle, fat, and blood vessel cells, to create a structure that closely resembles that of a conventional cut of meat. In December 2018, the company unveiled its first lab-grown minute steak. The lab-grown meat does not require the slaughter of a cow.
“We believe that cultivated meat has enormous commercial potential and will make it possible to cover growing global meat consumption needs in a sustainable way,” Eliana Zamprogna, Chief Technology Officer of M-Industrie, which is part of Migros, said in a statementExternal link.
The lab-grown steak is at least three to four years away from commercial sale, according to Didier Toubia, the co-founder and chief executive of Aleph Farms.
Migros says the new technology “enables meat to be produced while preserving resources” and providing an “attractive” alternative to conventional meat and plant products. Through this investment, M-Industrie is also contributing the skills of its meat processing specialist, Micarna, the Swiss retailer went on.
Aleph Farms was founded by the Israeli agro-food group Strauss Group and Technion. M-Industrie comprises 23 companies in Switzerland and nine abroad. The company employs 14,000 people.
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One million francs, 34 million euros and around 830 kilos of gold: this is the fortune that two Swiss nationals are accused of having moved across borders for at least four years.
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WEF delegates chew over the future of food
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How can the world feed 9.8 billion people by 2050 and save the planet? The World Economic Forum (WEF) has been debating the issue.
Insect balls and burgers go on sale in Switzerland
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Edible insects have made their debut on Swiss supermarket shelves. The selection includes burgers and balls made with mealworms.
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Switzerland has the most expensive meat in Europe – costing almost one and a half times more than the European average, statistics show.
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Why is Swiss meat among the most expensive in the world? Farmers, consumer groups and industry experts all have their opinions.
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.