SINGAPORE - Up for grabs is US$50 million for those who can produce proteins of the future, be it lab-grown meat or tofu that tastes like steak.
The fund, run by American venture firm Big Idea Ventures, intends to make investments in more than 100 companies over the next four years. "Starting with $250,000 in seed funding, we will work with them every day for five months to grow their business," he said, adding that 25 per cent of the best-performing companies in this fund accelerator would be given an additional $3 million in funds to grow their business.
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