Options for factoring financing for alternative proteins
Increased access to factoring financing instruments would help alternative protein companies improve their cash conversion cycle.
Ecosystem
Expanding alternative protein accelerator programs
More alternative protein capacity—different geographies, expertise, and programming—is needed in the incubator and accelerator landscape to de-risk venture capital investment.
Expanding corporate investment capabilities within strategic industry partners
Corporations can build out venture capital arms—including building dedicated incubators and opening their facilities—to facilitate strategic partnerships.
Directories of contract manufacturers for plant-based production, fermentation, and animal cell culture
The alt protein industry would benefit from better open-access directories of co-manufacturers interested in producing alternative proteins, including more detail on their equipment and capabilities.
Deal flow and fundraising platform for investors beyond the impact investment community
Investment platforms are needed for deal flow and coordinating hand-offs from pre-seed (angels and accelerators), seed/early-stage, and growth/later-stage investors and acquirers.
Database of facility engineering, design, and construction firms
Dedicated brokers, consultants, directories, and other matching mechanisms could help connect alternative protein companies to engineering/design/construction firms with relevant experience and interest in the alternative protein sector.
Data lake for aggregating process data and informing process improvements
An alternative protein data lake could contain anonymized data from processing runs across many manufacturers, informing processing improvements and aiding process failure troubleshooting.
Building workforce capacity through vocational programs
Given the strong and persistent growth in alternative protein production, the industry has a pressing need for a trained workforce. Technical colleges should establish programs to help train the next generation of alternative protein workforces and build a talent pipeline for the industry.
Pooled procurement/group purchasing for ingredients and inputs
Many alternative protein companies use similar inputs, but individually lack the purchasing power to negotiate favorable contract terms. A pooled procurement/group purchasing mechanism for ingredients, inputs (growth factors, media, etc.), and feedstocks would help reduce costs and increase industry leverage.
A toolkit for B2B sales resources and training
Tailored resources in the form of events, courses, thought leadership, directories, consulting services, and training programs for alternative protein B2B sales people.
