Tnuva milk products on shelf

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Startups, Accelerators & Incubators

Israel’s Largest Food Manufacturer Tnuva to Found Dedicated Alt Protein R&D Center

The Tnuva Group, Israel’s largest food conglomerate, has announced it will establish a new research and development center dedicated to alt protein. The major food manufacturer said that as growing numbers of Israelis are turning away from animal-based protein sources, Tnuva aims to improve access to alt protein for the public.  The new R&D center will be based in Rehovot and will focus on alt protein development based on plant-based sources, including dairy alternatives, as well as cultivated meat and cultured milk, fish, and eggs. Tnuva claims to have invested over NIS 40 million ($11.5M) into alt protein startups to date through its investment arm, Tnuva NEXT. With eight startups currently operating in its own incubator program, the company expects this to grow to 40 …

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Tnuva milk products on shelf

©hafakot - stock.adobe.com

Cultivated, Cell-Cultured & Biotechnology

Israel’s Major Food Producer Tnuva Collaborates with BioTech Company Pluristem For Cultivated Food Platform

The Tnuva Group, Israel’s largest food conglomerate, just announced the launch of a collaboration with local biotechnology company Pluristem to develop, manufacture and commercialize cultivated products for the food industry. The collaboration started with the incorporation of a new company called NewCo that will receive exclusive, global, royalty bearing licensing rights to use Pluristem’s proprietary technology and know-how to be used in the field of cultured meat. The Tnuva Group will invest $7.5 million in NewCo, according to a pre-money valuation of $40 million, with the option to invest up to an additional $7.5 million over a period of 12 months following the closing. NewCo will use its own funding and resources to promote its mission, with Tnuva providing the R&D platform to develop consumer …

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