Modern Meadow to double workforce
12/05/2016
Speaking at an event for start-up companies in New York on May 11, Modern Meadow founder, Andras Forgacs, said the company is “at the point of scaling out of research and development into manufacturing”.
He said the company will be able to start pilot production projects in the near future and will have product on the market in “a single-digit number of years”, pointing out that this is “remarkably fast” for a biotech company.
Mr Forgacs said Modern Meadow moved to New York two years ago specifically because it wants to build relationships with designers there and encourage them to use its material. He told the audience at the event in May that his company’s goal “is not imitation”. Instead, he insisted that Modern Meadow can use collagen to produce a material that it will “put through a tanning process”.
He argued that his company’s tanning process will be “much more efficient and much more environmentally friendly” than the “very long and very inefficient” of the leather industry today.
His organisation currently employs 30 people, but Mr Forgacs said this figure will double in the course of the next year.
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