Tyson Foods, the world’s largest animal agriculture company, announced the launch of a $150 million venture capital fund, Tyson New Ventures, LLC, on Monday. The fund will invest in “companies developing breakthrough technologies, business models and products to sustainably feed a growing world population.”
The operative word in the announcement is “sustainably,” an implicit admission by Tyson that animal agriculture–their multi-billion dollar business model–is environmentally unsustainable.
Tyson explained that the fund will concentrate on “commercializing delicious, safe and affordable alternative proteins,” a welcome and now less surprising decision following the company’s recent purchase of a 5% stake in Beyond Meat, a plant-based meat company. Tyson stated the Beyond Meat investment is the first investment by their venture capital fund.
“We intend to collaborate with promising food entrepreneurs who are pioneering new products and technology that are making meaningful changes and improvement to food systems,” said Monica McGurk, executive vice president of…
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