The national food standards body is assessing an application to sell luxury lab-grown meat products, while another company with a cultured lamb burger is waiting to see if customers bite.
Looks like the same guys were doing publicity around 2019 https://www.abc.net.au/news/rural/2019-07-30/australia-joins-lab-grown-meat-industry/11360506
At the time, they claimed the cost to make a single hamburger was $30-$40, and now 4 years later, they claim to have gotten it down to $5-$6 per patty.
The article claims the first demonstration of a lab-grown hamburger was in 2013.
So 6 years from proof of concept to (probably) first capital raise, then 4 years to start regulatory approval, 1 year for approval to take place (target is March next year).
Looks like the same guys were doing publicity around 2019 https://www.abc.net.au/news/rural/2019-07-30/australia-joins-lab-grown-meat-industry/11360506
At the time, they claimed the cost to make a single hamburger was $30-$40, and now 4 years later, they claim to have gotten it down to $5-$6 per patty.
The article claims the first demonstration of a lab-grown hamburger was in 2013.
So 6 years from proof of concept to (probably) first capital raise, then 4 years to start regulatory approval, 1 year for approval to take place (target is March next year).
That’s pretty impressive. Would mean that claim for the $1 pricing to be quite realistic.
Would be very interested to see how their lab grown steak goes. Do their meats include fat?