Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
In Israel, Foodtech Investment Nearly Tripled Over Five Years
Error: Contact form not found.
by Meir Orbach / CTech
A food market in Tel Aviv, Israel. Photo: Dr. Avishai Teicher vis Wikimedia Commons.
CTech – In Israel, investment in the foodtech industry has nearly tripled over five years, according to data released Monday by the Israel Innovation Authority (IIA), the government’s tech investment arm. In 2013, Israeli startups in the industry raised a combined total of $52 million. Since the beginning of this year, local foodtech companies have raised a combined $135 million. There are currently approximately 250 local companies developing food-related technologies, according to IIA statements.
“The world is getting older with a much larger population and fewer resources to grow food,” Tzachi Schnarch, the chief technology officer of the IIA said in a statement. “There must be technological solutions and Israel is in a good place for companies looking for innovation in this area,” he said.
In May, San Diego-based agtech fund Finistere Ventures, Jerusalem-based equity crowdfunding company OurCrowd, Israeli food processing company Tnuva Food Industries, and Israeli beverage company Tempo Beverages, announced they would make an investment commitment of up to $100 million in Israeli foodtech and agtech companies, as part of a newly established consortium.
The consortium was created in response to a government-backed plan to establish a foodtech hub in Kiryat Shmona, a town on Israel’s northern border. In June, Finistere Ventures, OurCrowd, Tnuva, and Tempo won a bid to operate an incubator as part of the hub. The northern foodtech hub, announced in 2018, is part of the Israel Initiative 2020, or ii2020, to incentivize startups and tech companies to launch activity in Israel’s north and south regions.
