Vancouver’s CULT Food Science has officially launched the CULT PRIZE with the goal of accelerating the future of food worldwide.
CULT Food Science is an investment platform with an exclusive focus on clean, lab-grown food that is advancing the development of novel technologies to provide a sustainable, environmental, and ethical solution to the global factory farming and aquaculture crises.
The CULT PRIZE is a $1 million, two-year global competition aimed at incentivizing innovative and collaborative research programs to advance the development of novel technologies in the lab-grown food ecosystem.
As part of the competition, the CULT PRIZE will task the competing teams with developing novel cell lines, scaffolding and growth media, while demonstrating a lower comparable environmental footprint to existing technologies and economic viability.
All CULT PRIZE candidates will need to demonstrate that their research initiatives have the ability to add unique value to the adoption and commercialization of cellular agriculture, advancing the pace, efficiency, and safety of production for global distribution, which is a crucial step towards addressing food insecurity and revolutionizing the food supply of communities in all corners of the world.
“We are tremendously proud to officially launch the CULT PRIZE which we hope will act as a catalyst for marked advancements across cellular agriculture, with a specific focus on cell lines, scaffolding and growth media. Demonstrated by the Company’s seven unique cellular agriculture investments to date, our streaming portfolio of intellectual property that is currently under development, and now the launch of the CULT PRIZE, we at CULT Food Science are focused on revolutionizing food production and supporting a novel method to provide compassionate, ethical and highly nutritious products,” said Dorian Banks, Chief Executive Officer of CULT.
Registration for the competition is now open and will run through January 15, 2022. Grand Prize Winners will be announced in late 2023.
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