Tuesday, November 26, 2024

No winner of alt-meat competition


 

There is no winner of the $7 million XPrize for the its “Feed the Next Billion” competition.


Earlier it announced six finalists, all of them producing plant protein substitutes for meat, poultry and fish.


Meatingplace Magazine reports that “after four years of competition, a controversial rule change that prompted several alt-meat companies to drop out of the race, and the promise of $15 million in prize money to be distributed, the XPRIZE “Feed the Next Billion” competition decided not to declare a winner and not to award the hefty $7 million grand prize."


XPrize said on its website that although “a single winner of XPRIZE Feed the Next Billion was not identified, the progress made by our participating teams was nothing short of remarkable and they are all great businesses who will address this need successfully in the coming years.”


It seems another sign that plant protein meat substitutes and a flash in the pan.