In mid-June 2020, it became known that Bill Gates and Jeff Bezos had invested in artificial breast milk producer Biomilq.
Biomilq startup is working on baby feeding problems and is trying to create an analog of breast milk in the laboratory. The company has received support from leading global investors, including $3.5 million from Breakthrough Energy Ventures, an investment firm of Bill Gates that focuses on climate issues. It should be noted that the Ventures investment coalition includes Jeff Bezos, Mark Zuckerberg, Richard Branson, Masayoshi Son, Jack Ma, Michael Bloomberg, and Marc Benioff. Investors hope that breast milk produced by Biomilq from breast epithelial cells will help reduce the negative environmental impact of the global production of infant formula.
Biomilq’s co-founder and CEO, Michelle Egger, studied food and worked for General Mills before joining the business school and the Gates Foundation.
Right now, we estimate that at least 10% of the world’s dairy market is occupied by infant formulas,” says Eggers. – That means that in the U.S. alone, artificially feeding each child produces 5,700 metric tons of CO2 annually and uses 4,300 gallons of freshwater.
Michel Eggers and the company’s second co-founder, Leila Strickland, presented proof of concept in February, but the startup is still in the early stages of development. Biomilq is not the only company working on this issue: for example, the Singapore-based start-up Turtle Tree Labs is also trying to develop cultured breast milk technology. The founders of Biomilq hope that their product will appear on the shelves within five years.