Israel Innovation Authority Selects YDLabs to Build $14M Fermentation Facility
The Israel Innovation Authority (IIA) announced it will invest NIS50 million (approximately $14 million) in a fermentation facility offering research, development, and production services to local and foreign food tech companies. Last January, the IIA announced plans to build a fermentation plant to support and strengthen the country’s alt protein ecosystem, considered a national priority, and called for proposals. Following an extensive evaluation, IIA selected the Israeli fermentation company YDLabs to lead the facility’s …
Israel Innovation Authority to Establish New Precision Fermentation Infrastructure
The Israel Innovation Authority (IIA) has announced a RFP (request for proposal) with the aim of establishing new infrastructure for precision fermentation. Specifically, the organisation is looking to construct facilities that use fermentation to produce alternative proteins. This is part of a national operational plan by the IIA to “maintain and expand the strength of its developmental ecosystem in the field of alternative proteins”. Israel’s food tech industry is an …
Israeli Government Grants $18M to Cultivated Meat Consortium in “Unprecedented” Move
An Israeli cultivated meat consortium has received $18 million from the Israel Innovation Authority, an arm of the government that aids the development of industrial R&D. The consortium is made up of 14 companies — including Aleph Farms and SuperMeat — and ten academic labs. With the new funding, the organisations will work to bring down the cost of cultivated meat and scale up production. Israeli food conglomerate Tnuva Group …