Food tech company Meatable has been awarded €7.6 million under the Innovation Credit program by the Netherlands Enterprise Agency (RVO).
The RVO Innovation Credit is intended for the development of innovative development projects with considerable technological risks and excellent market prospects.
Meatable has developed a unique technology platform to produce cultivated meat and will work as a partner to the meat industry to roll out products at scale.
Meatable will use the credit to further improve productivity and reduce costs in the lead-up to commercialization.
The Innovation Credit comes on top of Meatable’s 2023 €30 million Series B funding round and will bring the company one step closer to fulfilling its vision of satisfying the world’s appetite for meat, without harming people, animals or the planet.
The Netherlands Enterprise Agency helps entrepreneurs and organizations to invest, develop and expand their businesses and projects, both in the Netherlands and abroad. RVO is a government agency and part of the Dutch Ministry of Economic Affairs.