FLORIDA, USA – June 1, 2023 – Eternal Bioworks Corp. (“ETERNAL” or the “Company”), a leading biotech company dedicated to advancing the intersection of technology and biology to address some of the most critical challenges facing our planet, is thrilled to announce its selection as a finalist in the prestigious multi-year, $15 million XPRIZE Feed the Next Billion competition. This recognition underscores ETERNAL’s innovative approach to creating uniquely nutritious and environmentally friendly meat alternatives using cutting-edge bioreactor technology.
With the global population projected to reach 9.7 billion by 2050, the demand for animal protein products is skyrocketing, exacerbating climate change through increased environmental impact. The Company is on a mission to revolutionize food production by making high-nutritional value protein accessible to everyone. The company’s flagship product, Mycofood™, provides a complete, animal-free food source rich in high-quality proteins, fats, fiber, vitamins, and minerals, offering superior nutritional profiles compared to traditional protein sources.
ETERNAL distinguishes itself as the only finalist in the XPRIZE Feed the Next Billion competition utilizing fungi cultivated in a bioreactor to develop a chicken alternative. By venturing beyond traditional plant-based meat alternatives, the Company is confident that its innovative method has the potential to transform the future of food.
Leveraging fungi, the Company achieves significant advantages: lower production costs and faster growth rates compared to more prevalent plant-based meat alternatives. The company integrates state-of-the-art artificial intelligence, robotics, and computer vision systems to optimize fermentation techniques, enhancing quality, scalability, nutrition, taste, structure, and cost.
The Company will share a $2.5 million prize pool with five other outstanding finalists in the XPRIZE Feed the Next Billion competition. In addition to the main challenge, there is an added bonus prize for the most cost-effective, animal-origin-free analogue. All six pioneering finalists aim to create chicken or fish alternatives that closely mimic the sensory properties, structure, versatility, and nutritional profile of conventional meats while substantially reducing their environmental impact.
ETERNAL’s inclusion as a finalist in this competition marks a significant step toward a sustainable and nutritious future, proving that innovative technology and visionary thinking can address the critical challenges of global food production.
The winner of the competition is set to be revealed in October 2024.
About XPRIZE
XPRIZE is a global future-positive movement delivering radical breakthroughs for the benefit of humanity. XPRIZE inspires and empowers a global community of problem-solvers to positively impact our world by crowdsourcing solutions through large-scale competitions, tackling the world’s grandest challenges in exploration, environment, and human equity. Donate, learn more, or join a team at xprize.org.
About Eternal Bioworks Corp.
Eternal Bioworks Corp. is at the forefront of biotechnological innovation, dedicated to advancing the intersection of technology and biology to address some of the most critical challenges facing our planet. Founded with the vision to revolutionize food systems and material production, Eternal leverages cutting-edge advancements in artificial intelligence, robotics, and bioprocessing to create sustainable solutions that are not only viable but vital for the future.
For more information, please contact us at [email protected]
