- Angel investors took part in this nbsp square.
- Funds will be used to develop the team, develop a lab, and improve marketing initiatives.
An Indonesian business focused on dog genomics and biology called Moosa Genetics announced andnbsp that it has received funding from East Ventures, a trailblazing, sector-agnostic venture capital firm in Southeast Asia, with the help of several angel traders. There was no mention of the cash sum.
To meet customer demand, the startup described its plans to use the & nbsp, provide funding for the construction of a laboratory, team expansion, and partnership for wagyu products.
The investment, according to Dr & nbsp, Ivan R. Sini, chairman and co-founder of Moosa Genetics and chairman of the Indonesian Genomics Association, confirms the company’s plans to develop the country and its cattle industry. & nbsp,
” We think Moosa Genetics is leading the way in maximizing the potential of regional animals rearing.” We are able to produce meats at a lower cost and with better quality thanks to our cutting-edge animal biological and chemical technologies, which ultimately benefits both the industry and consumers significantly. In the future, we hope to make more contributions to this area, he continued.
Moosa Genetics was established in 2016 by Sini with the assistance of Dr. Deddy F. Kurniawan, co-CEO, managing director Jeremia Michael Sutandy, chief scientific officer Prof & nbsp, Arief Boediono, and chief geneticist officer Sigit Prastowo.
Smallholder farmers make up about 80 % of Indonesia’s cattle industry, primarily on the island of Java, where East Java alone accounts for 30 % of the total number of cattle in the nation. The potential for home meats supply is hampered by the fact that smallholder farmers frequently raise cattle for financial reasons rather than for the commercial market. & nbsp,
The majority of cow producers are low-skilled farmers who struggle to grow their businesses, including having limited access to funding. Just about 40 % of Indonesia’s beef demand is met by domestic production, which results in a reliance on meat goods, particularly from Australia.
By utilizing technologies like embryo transfer and CRISPR for selective DNA modifications to improve meat quality, increase yield, and lower costs, Moosa Genetics has introduced & nbsp, biotech-enabled innovations to revolutionize cattle and beef breeding. The company’s goal is to improve economic possibilities and flesh quality in the Indonesian cows and beef industry while raising the local type, known as” Sapi Merah Putih,” to higher standards. To objectively demonstrate the financial value of traits like disease resistance and meat marbling, industry stakeholders and researchers must work together due to the complexity of breeding.
Sini emphasizes how crucial it is for business partners, the software provider, and committed researchers to work together to determine and quantify the significant advancements over the status quo in cattle breeding practices.
The innovative method used by Moosa Genetics to breed cattle using biotechnology, according to Avina Sugiarto( pic ), a partner at East Ventures, & nbsp, has the potential to completely transform the livestock industry. & nbsp,
In order to ensure sustainable food production and improve local food safety, this strategy addresses important agricultural challenges and demands. According to East Ventures, Moosa Genetics is bringing about positive change and growth in Indonesia and sees important opportunities there. & nbsp,
Moosa Genetics currently has two offices in West Sumatera and intends to work with growers in other areas.