SINGAPORE – Glocalink Singapore (Director: Dr. Ravikrishna Ramanujam) , an investment company of the Leave a Nest group,has announced an investment in Umami Meats, a cultivated seafood company based in Singapore. The investment will support Umami Meats in accelerating the development of its platform technology for the creation of sustainable seafood products, which are designed to address the environmental challenges of traditional seafood production and to meet the rapidly growing demand for seafood around the world.
Seafood demand is projected to grow by 50% by 2050. However, according to UN FAO, only 7% of global fisheries are sustainable. Aquaculture cannot keep up with this demand and there are more than two dozen species which cannot be farmed. In addition, our seafood supply is increasingly contaminated with heavy metals, microplastics, parasites, and antibiotics, which poses risks for human health. Existing fishing practices are also not environmentally friendly – global fishing contributes more GHG emissions than the entire aviation sector.
For enquiries: Glocalink Singapore Pte. Ltd. Attn: Ravikrishna Ramanujam