Arik Kaufman on regulation
From Episode 13: Steakholder Foods’ Secret Sauce · · FutureFoodFinance
“First of all... there's no regulation — it's not something that is allowed to be consumed and produced and there's only a regulation in Singapore right now, so we started a company knowing that we are about to develop a product that is not allowed to be sold yet.”
On , Arik Kaufman, CEO at Steakholder Foods, spoke about regulation during Episode 13: Steakholder Foods’ Secret Sauce on FutureFoodFinance.
About Arik Kaufman
Arik Kaufman, CEO and co-founder of Steakholder Foods, has discussed the company's focus on developing 3D-printed cultured meat products and hybrid products that combine plant-based ingredients with cultured biomass. He stated that the company, which is publicly traded on the Nasdaq, owns a Belgian subsidiary called Peace of Meat that develops avian biomass and cultured foie gras. Kaufman noted that the company has no income yet but is progressing in research and development, and he described hybrid products as the "near future of cultured meat," saying they could be the first such products to enter the market. Kaufman has also commented on challenges facing the cultured meat industry, including the lack of regulation outside of Singapore and the need for subsidies to support disruptive startups. He described the company's valuation as "undervalued compared to our technological achievements" and said that being a publicly traded company is both a challenge due to market climate and an advantage because it allows anyone to become a stakeholder. Kaufman emphasized that Steakholder Foods' processes are patent-protected and that the company aims to produce products that "an animal cannot produce."