SHARE
Author
The Associated Press
Date
December 9, 2013

News Summary: Startups take aim at eggs, chicken

EGG-TERNATIVES: Funded by prominent Silicon Valley investors and Microsoft founder Bill Gates, Hampton Creek Foods seeks to create plant-based alternatives to eggs, the production of which backers say wastes energy, pollutes the environment, causes disease outbreaks and confines chickens to tiny spaces.

KITCHEN TECH: The company, which just started selling its first product — Just Mayo mayonnaise — at Whole Foods Markets, is part of a new generation of food-tech ventures that aim to change the way we eat.

FOLLOW THE MONEY: Venture capital firms, which invest heavily in early-stage technology companies, poured nearly $350 million into food-related startups last year, compared with less than $50 million in 2008, according to CB Insights.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>