The development of alternative protein has been in the past decade. This can be attributed to dietary changes and the rise in meat product prices due to the rise in global demand.
Alternative protein is defined as a protein source that has been derived from other than animal tissue. This includes plants, insects, and food waste. Such proteins can provide a healthier alternative to animal proteins or a vegetarian option for those who do not eat meat products. However, cost factors and the availability of such products have often restricted these alternatives from being readily available in the market. Singapore hopes to change this situation through technological advancements and extensive research into alternative proteins.
Alternative protein sources not only lower the risk of having cardiovascular diseases but also can be easily produced.
Alternative protein accelerator singapore is created to promote alternative protein in various food products by providing businesses with knowledge, capital, and networking opportunities. Different from a traditional business accelerator, which mainly provides funds for a startup company, this organization would provide capital for an existing firm that wishes to expand its line of products into alternative protein items. Investor interest has been growing in companies like Beyond Meat which produce plant-based meat substitutes. A producer has also increased due to the demand for palm oil-free item or vegan option.
Network opportunities are vital ingredients for a successful food product. Among the most important aspect needed is funding, early-stage funding especially. This is where singapore alternative protein accelerator would be able to help. Having such a connection may not only allow food product startups to be funded but also allow expansion of its network, which can lead to new market and profits.