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 Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. 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". Partner news | Your home is in Armenia – Ameriabank offers mortgage loans for the Diaspora To buy real estate, Diasporans can apply to Ameriabank online to buy, renovate or build a home anywhere in Armenia. Armenia-Qatar ties discussed in Doha The Secretary of Armenia’s Security Council met with the Deputy Secretary General of the National Security Council of Qatar. ARARAT special evening dedicated to Aznavour's 100th Anniv. On May 20 ARARAT legendary Armenian brandy, celebrated the centennial of Maestro Charles Aznavour with a special event. Surveying works underway in Armenia’s Kirants Surveying works are underway in the Armenian village of Kirants in the northern Tavush province. |