Surveys suggest that seven in 10 consumers regularly seek out food and drinks to help improve their digestive health1 and 75% of them consider fiber to be an effective gut health ingredient.
The transaction will include all trademarks and the company's leased manufacturing facility in Seattle, Washington, including about 100 employees who will transition with the business.
Lypid collaborated with Yangming Spring, a Michelin Green Star restaurant for three consecutive years, to craft a plant-based smoked pork belly pizza. This frozen item is appropriate for retail channels, and highlights Lypid Smoked Pork Belly with vegan toppings on a classic hand-tossed Italian crust
The $999,967 two-year grant is a testament to Novel Farms' work in the field of cultivated meat production and will provide critical funding to support the scale-up of their proprietary scaffolding platform.
The company is designed to foster companies and products, from inception to launch, with breakthrough ideas and education that will give rise to success in the broader marketplace.