top of page
Asparagus-based scaffolding breakthrough could boost cell-based meat production
Technology

Asparagus-based scaffolding breakthrough could boost cell-based meat production

ScaleUp Bio secures license from SFA for commercial pilot production facility in Singapore
Precision fermentation

ScaleUp Bio secures license from SFA for commercial pilot production facility in Singapore

Singapore Food Agency proposes revision of novel food approvals
Business

Singapore Food Agency proposes revision of novel food approvals

TurtleTree secures commercial partnership for precision-fermented lactoferrin
Dairy

TurtleTree secures commercial partnership for precision-fermented lactoferrin

Related posts

Vietnamese seafood processor Vinh Hoan Corporation (VHC) has announced a strategic investment in Hong Kong-based cultivated fish start-up Avant Meats.


VHC will become a shareholder in Avant after agreeing to acquire Vinh Technology, which was incorporated in Singapore and holds a minority interest in Avant.



As part of the deal, VHC will establish a strategic partnership with Avant to accelerate the commercialisation of cultivated fish proteins by enabling the start-up to utilise its global sales network and industrial manufacturing capacity.


Last month, Avant raised $3.1 million in a seed funding round to accelerate research and development and bring its cultivated fish products to market in 2021.


“VHC is a global leader in aquaculture and functional proteins. VHC’s knowledge of customer requirements will provide valuable guidance for our product development and commercialisation,” said Carrie Chan, co-founder and CEO of Avant.


Under the terms of the agreement, VHC will also use the Vinh Technology division to access strategic opportunities in agri-tech, food tech and biotech-related to seafood and alternative proteins. Vinh Technology will join VHC’s three other divisions: Vinh Aquaculture, Vinh Foods and Vinh Wellness.


According to the two companies, the strategic partnership demonstrates how Avant’s biotechnology platform can collaborate with industry players, as it looks to offer a sustainable model to produce alternative proteins.


“We look forward to working with Avant to commercialise a new generation of cultivated fish proteins for food and functional applications,” said Khanh Truong, founder and chairwoman of VHC.


Tam Nguyen, CEO of VHC, added: “Avant offers a unique opportunity for us to diversify our future product portfolio to offer additional choices to address emerging consumer needs and trends.”


#VinhHoan #Avant #HongKong #Singapore

Seafood processor Vinh Hoan takes stake in cell-based fish firm Avant

Daniel Bunt

26 January 2021

Seafood processor Vinh Hoan takes stake in cell-based fish firm Avant

bottom of page