Agronomics’ Meatable Secures €7.6M Innovation Credit

Agronomics Limited (GB:ANIC) has released an update.

Agronomics Ltd’s portfolio company, Meatable, has been granted €7.6 million in Innovation Credit from the Netherlands Enterprise Agency to enhance productivity and reduce costs before commercializing its cultured meat products. This funding adds to the significant €97 million already raised, underscoring Meatable’s position as a leader in sustainable meat production, which aims to meet growing meat demands without the environmental downsides of traditional livestock farming. The company has also made strides in production efficiency, halving its pork sausage production time, and is preparing for regulatory approval and market launch.

For further insights into GB:ANIC stock, check out TipRanks’ Stock Analysis page.