Venture Science program 2022

2022 Challenge

Scope: food innovation with Precision Fermentation

According to the CSIRO’s “National Synthetic Biology Roadmap” synthetic biology enabled food and agriculture unlocks $19 billion in direct revenue and 31,200 jobs for the Australian economy by 2040.

Precision Fermentation (PF) combines synthetic biology with traditional fermentation.

PF is on the cusp of outcompeting animal agriculture as a form of food production, not just in cost, but in capabilities, speed, and volume.

The result will be an improvement in the efficiency of current industrial food production and potentially replace the conventional food supply chains. Learn more about precision fermentation.

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