CULT Food Science (CSE: CULT) (OTC: CULTF) signed a memorandum of understanding to develop the “Institute of Cellular Agriculture” in connection with The University of Alberta and the nonprofit, New Harvest Canada.
The partnership brings infrastructure, support and funding together for innovators and researchers in the agritech sector. Specifically, it will support new ventures and development of intellectual property that focuses on cellular agriculture. The partnership will also work to promote, develop and commercialize promising new technological advances nationally.
“Cellular agriculture is at a pivotal stage and needs the proper infrastructure to allow co-creation of innovation to deliver on its promises. Canada, and Edmonton, Alberta in particular, can provide the optimal environment to support cross-disciplinary collaboration, and advance our research in areas like Artificial Intelligence and Machine Learning,” said Isha Datar, executive director of New Harvest.
Cellular agriculture in need of fresh research to grow
The partnership is located at the University of Alberta’s Agri-Food Discovery Place. It develops new companies specializing in cellular agriculture research. It also provides learning opportunities for undergraduate and graduate systems in support of this industry.
New Harvest supports the advancement of cellular agriculture through research, collaborative projects and stakeholder engagement across both the public and private sectors. Comparatively, CULT Food Science focuses on product development, venture building and investments in cellular agriculture. It helps develop these technologies in order to provide sustainable, environmental and ethical solutions.
“This partnership with New Harvest Canada and its innovation partners will be pivotal in how our research and teaching addresses climate change, industry sustainability, and food security issues. New Harvest Canada and Cult Food Science will join a nexus of startup companies at the U of A’s Agri-Food Discovery Place that is launching agriculture and food production into the 21st century,” said Dr. Heather Bruce, chair of the department of agricultural, food and nutritional science at the University of Alberta.