A SUBSIDIARY of Ayala Corp., one of the country’s conglomerates, has invested in a biotechnology startup based in Scotland that aims to address challenges in food security.
In a statement on Friday, Ayala Corporate Technology Innovation Venture (Active) Fund said it invested in Roslin Technologies, which specializes in stem cell technology for cultivated meat.
Through this innovation, meat is grown directly from animal cells without raising animals.
Roslin Technologies spun out from Roslin Institute, which is known for a groundbreaking invention in the mid-1990s, Dolly the Sheep ― the first mammal that was cloned from a somatic cell.
“The persistent complex issue of food insecurity demands multiple transformative solutions, and this investment is meaningful for future food security globally, especially in emerging markets like the Philippines,” Kickstart Ventures President Minette Navarrete said.
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