Shimadzu CorporationTSE: 7701

CVC Fund "Shimadzu Future Innovation Fund"Invested in Kinish, which is working on next-generation food development utilizing plant molecular agriculture technology

· Issued by Shimadzu Corporation

Summary by 6ix AI

Shimadzu Corporation has invested in Kinish Inc., a Tokyo food-tech startup developing next-generation dairy products, through its corporate venture capital fund (an investment fund run for the company), the Shimadzu Future Innovation Fund. Kinish uses plant molecular farming, which uses plants as factories to produce substances such as proteins.

Key details

  • Kinish sells The Rice Creamery, a rice-based ice cream. The products now on sale are made with conventional rice grown in Japan, not the rice under development.
  • Kinish says that, at the research stage, it has succeeded in producing the milk protein casein in rice. It aims to make dairy products such as ice cream, cheese and yogurt from rice produced this way.
  • Kinish's research uses dwarf rice that grows to about 20 cm tall. Kinish says this suits multi-tier vertical cultivation in plant factories and allows highly efficient production.
  • Shimadzu, a maker of analytical and measuring technologies, will support Kinish's research and development. The two will work together on analysis and quality control methods for raw materials, products and growing environments, and on using measurement technologies in plant factories.

What’s still pending

  • Selling dairy-like foods made from rice that produces casein remains a future goal for Kinish.

6ix AI wrote this summary from the release below and checked it against the release.

Shimadzu Corporation has invested in Kinish Inc. (Shibuya-ku, Tokyo; hereinafter "Kinish") through its corporate venture capital (CVC) fund, the Shimadzu Future Innovation Fund. Kinish is a food-tech startup developing next-generation dairy products using plant molecular farming technology.*1 The company sells The Rice Creamery, a rice-based ice cream, while also conducting R&D on technology for expressing the milk protein casein in rice.*2 In the future, Kinish aims to create dairy products such as ice cream, cheese, and yogurt using rice produced through this technology.

Against the background of global population growth and climate change, sustainable food production and a stable food supply have become social challenges. Although the alternative dairy market is expanding, plant-based products still have room for improvement in taste and flavor. To achieve both sustainability and good taste, Kinish is conducting R&D on proprietary rice varieties by combining plant molecular farming with plant factory technology. The dwarf rice used in its research grows to about 20 cm in height, making it suitable for multi-tier vertical cultivation and enabling highly efficient production. At the research stage, Kinish has succeeded in expressing the milk protein casein in rice and is working toward the future commercialization of plant-based foods that offer an eating experience similar to that of dairy products.

Shimadzu has provided analytical and measuring technologies in the food, life sciences, and environmental fields for many years. Through this investment, Shimadzu will support Kinish's R&D and collaborate on advanced analytical evaluation and quality control methods for raw materials, products, and cultivation environments, as well as the application of measurement technologies in plant factories, thereby contributing to sustainable food production.

  • *1 Technology that uses plants as "factories" to produce useful substances such as pharmaceuticals, food ingredients, and proteins.
  • *2 The Rice Creamery products currently on sale are made using conventional rice grown in Japan. They do not use the rice under development
About Kinish
Name : Kinish Inc.
CEO : Hiroya Hashizume
Location : Shibuya-ku, Tokyo
Business : Food development using plant molecular farming technology
Founded : January 2023
URL : https://kini-sh.com/
Product brand website : https://the-ricecream.com/
About Shimadzu FIF
Name : Shimadzu Future Innovation Investment Limited Partnership
Fund Size : JPY 5 billion
Fund Term : 10 years
General Partner : Global Brain Corporation
Limited Partner : Shimadzu Corporation
URL : https://www.shimadzu.com/research_and_development/cvc/index.html

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