Australia invests in cultivated meat

Funding will support advancement, commercialization of Magic Valley's cultivated meat Down Under.

The Australian Government recently awarded AU$2.51 million (US$1.58 million) in Early-Stage Commercialization grants to five startups, including AU$100,000 (US$63,000) to cultivated meat firm Magic Valley.

The funding will support Magic Valley as it speeds efforts to scale its animal component-free cultivated meat technology, specifically by…