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 …