Rehovot, Israel – Steakholder Foods Ltd. (Nasdaq: STKH), a pioneer in 3D-printed meat and fish technology and cultivated cell innovation, announced that it had received a first-phase payment of USD 220,000 from the Singapore-Israel Industrial R&D Foundation (SIIRD), out of a maximum USD 1,000,000 for the Company from SIIRD.

Steakholder Foods has successfully 3D-printed hybrid fish that are comprised of Steakholder Foods’ SHFish – White Fish™ plant-based raw material formulation and cultivated grouper cells provided by Umami Bioworks and printed by Steakholder Foods’ Drop Location in Space (DLS)™ printing technology. The hybrid fish was subjected to rigorous validation testing from SIIRD, and was found to have similar texture, flavor, and nutritional values as the traditional fish.

Because grouper is a species recognized as vulnerable to overfishing and listed as “Endangered” by the International Union for Conservation of Nature (IUCN), plant-based and hybrid 3D-printed grouper has the potential to be particularly impactful. In June 2023, at the Future Food Tech in New York, Steakholder Foods served approximately 400 dishes per day of its plant-based 3D-printed grouper to industry leaders, investors, and consumers, showcasing the company’s readiness for commercialization. Building on this success, Steakholder Foods intends to continue its innovative work under the SIIRD grant, including focusing on the development of a previously announced Japanese eel product.

Arik Kaufman, CEO of Steakholder Foods, said: “We believe that our initial SIIRD grant payment is indicative of non-dilutive funding sources that we hope to make available to Steakholder Foods in the foreseeable future, as our technologies continue to reach more advanced TRLs.”

About Steakholder Foods

Steakholder Foods is building the industry-standard machinery, software, and printing materials to help accelerate the plant-based and cultivated food industries and bring them to industrial capacity. The company offers its proprietary 3D printers, printing ink formulated from constituent raw materials, operating software, and ongoing services to help manufacturers of all sizes reach the execution of their offerings.

Using its variety of manufacturing technologies and services, Steakholder Foods offers manufacturers the ability to produce plant-based food that closely mimics traditional meat’s taste, texture, and appearance— as an alternative to industrialized farming and fishing.

Our expertise lies in creating plant-based meat and seafood products with complex textures, like beef steaks, white fish, shrimp, eel, and more. While our initial focus is on plant-based options, we’re developing cultivated cells for seamless integration with an eye on the future.

For more information, please visit: https://steakholderfoods.com