PayPal co-founder Peter Thiel is beefing around yet again, this time quite literally. The dynamic investor who happens to a part of the Facebook board has put in big money in Modern Meadow, a startup that aims at producing high grade 3D bioprinted cuts of meats meant for commercial consumption.
The startup submission made at the Department of Agriculture, small business grant programs revealed that the company plans to come up with synthetic meat which will be less than 1 inch in length. Peter Theil’s move at funding the company is seen by many as a step to save the planet, while some analysts believe it’s purely a business venture that aims only at profit.
Andras Forgacs told CNET, “If you look at the resources intensity of everything that goes into a hamburger, it is an environmental train wreck”. According to reports on the Guardian, making meats in a laboratory ensures that there is a reduction of green house gas emissions. On the other hand rearing animals, uses 45% energy 4% water and 1% land which is associated with beef production.