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Food News


THIS SECTION IS FOR NEWS AND INTERESTING STORIES RELATED TO FOOD, NUTRITION AND FOOD PROCESSING. THEY ARE NOT NECESSARILY RELATED TO KOSHER BUT MAY BE OF INTEREST TO THE KOSHER CONSUMER, MANUFACTURER OR MASHGIACH.

International Group to Invest $100 Million in Israeli Foodtech

May 26, 2019 from Bloomberg:

"Crowdfunding investment platform OurCrowd is joining forces with agri-food technology investor Finistere Ventures and two food-and-beverage companies to invest as much as $100 million in Israeli startups, aiming to help local companies collaborate with global leaders in the industry."

"The other partners in the consortium are Tnuva Food Industries Ltd. -- owned by China’s Bright Food Group Co. -- and Tempo Beverages Ltd., partly owned by Heineken NV."

"Israel has 250 foodtech companies and 500 in agritech, with investors pouring $759 million in venture capital investments into the agri-food tech sector over the past five years, according to Start-Up Nation Central, an Israeli technology industry promoter."

"The partnership was created following the government’s establishment of a foodtech innovation incubator in Kiryat Shemona in northern Israel. The consortium will bid to operate the incubator."

"Earlier this month, Jerusalem Venture Partners announced that global packaged-food giant Mars Inc. had signed a research and development agreement to support Israeli startups and academic institutions to promote foodtech innovations."

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