Bill Gates’ investment firm bets on lab-produced breast milkJune 18, 2020 - 18:57 AMT PanARMENIAN.Net - Beyond Meat and Impossible Foods are two of the best-known companies disrupting the food sector. Now, the pipeline of alt-food companies includes Biomilq, a North Carolina-based start-up that’s targeting infant nutrition by attempting to reproduce mother’s breast milk in a lab, CNBC says. While that may seem like a moon shot, Biomilq has just earned the backing of the world’s top investors, raising $3.5 million in Series A funding from Breakthrough Energy Ventures, Bill Gates’ investment firm focused on climate change. Breakthough Ventures’ investing coalition includes Jeff Bezos, Mark Zuckerberg, Richard Branson, Masayoshi Son, Jack Ma, Michael Bloomberg and Marc Benioff. Biomilq co-founder and CEO Michelle Egger is a food scientist who worked on the Larabar at General Mills before moving onto business school and a stint at the Gates Foundation. She and her co-founder, CSO Leila Strickland, hope that the breast milk produced by Biomilq from culturing mammary epithelial cells will help reduce the carbon footprint from the global infant formula market, which Fortune Business Insights says will surpass $103 billion by 2026. The top infant formula manufacturers include Abbott Labs, Danone and Nestle. Top stories Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Viva-MTS: Tech solutions to modernize infrastructure of border village The border village has been the focus of Viva-MTS and the Foundation for the Preservation of Wildlife and Cultural Values since 2015. Ucom's fixed network launched in Artashat To mark this occasion, the company has introduced a special offer exclusively for Artashat residents. “By Your Side”: IDBank's new support program for displaced Artsakh citizens IDBank is launching a long-term social support program for forcibly displaced Artsakh residents. The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. |