The Kitchen FoodTech Hub News
15 articles
growth-negative
פיטורים בחממת הפודטק The Kitchen של שטראוס | כלכליסט
Strauss Group, a major food and beverage company, is implementing a cost-cutting plan that includes layoffs and management changes. Three out of seven employees at The Kitchen, a food tech incubator, have been notified of their termination. The CEO and deputy CEO of the incubator will move to part-time positions and their salaries will be reduced accordingly. This comes after Strauss decided to stop investing in the incubator. The companys stock has been fluctuating, and its market value stands at 7.1 billion shekels. The company also plans to merge several departments, resulting in the termination of 150 employees.
LayoffsManagement Changes
growth-positive
The Kitchen FoodTech Hub announces $70m fund, unveils The Kitchen Labs innovation center
The Kitchen Hub, the foodtech incubator and investment arm of Israeli food giant Strauss Group, is raising a new $70 million fund and launching The Kitchen Labs, an innovation center for startups. The fund will focus on four verticals: enabling technologies to support players in the alt protein space; alternative ingredients; food as medicine; and food security and food waste reduction. The Kitchen Labs will support foodtech startups at the R&D stage, proof of concept stage and prototyping stage. The Kitchen Hub has also partnered with the Hebrew University of Jerusalem.
InvestmentExpand
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How Vegan Eggs Took Over All the Breakfast Menus at Yale
Vegan company Zero Egg has introduced its plant-based eggs at Yale Universitys dining halls, as part of its foodservice debut in the US. Zero Egg chose to focus on college campuses due to emerging food and beverage trends and the awareness of Generation Z about the environmental impact of animal agriculture. The vegan eggs are being served in various dishes and have the same taste, texture, and versatility as ordinary eggs. The majority of students ordering the plant-based eggs are non-vegan. Zero Egg is also available at other college campuses in the New England area and is expanding to other foodservice providers. The shift towards plant-based eggs offers ethical, environmental, and health benefits.
CustomersPartners
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Wanda Fish Nets Exclusive Collaborative Working Agreement With Massachusett's Tufts University
Israeli food tech startup Wanda Fish has signed agreements with Tufts University to gain exclusive access to IP surrounding cultivated fish development. The partnership aims to propel Wanda to the forefront of cultivated seafood manufacturing and develop sustainable fish fillets. Wanda has secured $3 million in pre-seed funding and received support from the Israeli Innovation Authority. The company is using animal-free growth mediums and custom bioreactors to create a prototype fillet. The article also mentions other alt-protein startups in Israel, including Plantish.
PartnersInvestment
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רשות החדשנות הכריזה על חמש חממות חדשות ליזמים בתקציב של 500 מיליון שקל כלכליסט
The Israeli Innovation Authority has announced the winners of its new incubators, which will support entrepreneurs with a budget of 500 million shekels. Among the winners is the FoodTech incubator of Strauss, along with other incubators in the fields of sustainability and space. The winning groups will collaborate with global corporations to support about 150 startups in their early stages. The startups will receive up to 6.5 million shekels per project, constituting a grant of between 60%-85% from the Innovation Authority and additional funding from the incubators.
Investment
growth-positive
Incubating Sustainability: The Kitchen Hub Fosters Innovation In Israeli Food Tech
The Kitchen Hub, an Israeli FoodTech incubator, is experiencing rapid growth and has expanded its portfolio from 12 to 20 companies since 2019. The incubator focuses on supporting food tech startups that aim to address challenges in the food industry through innovative technological approaches. The Kitchens portfolio includes companies working on alternative protein sources such as Aleph Farms, Imagindairy, YEAP, Flying SpArk, and Rilbite. The COVID-19 pandemic has highlighted the importance of improving the food supply and production chain, leading to increased interest in automation and antimicrobial solutions. The Kitchen Hub plans to continue investing in innovative food tech startups that tackle environmental sustainability, food security, healthier food options, and efficient food manufacturing.
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Millennium Food-Tech signs strategic agreement with Strauss Group
The Millennium Food-Tech R&D Partnership has signed a strategic cooperation agreement with The Kitchen, an incubator under the Strauss Group. The partnership will involve making investments in portfolio companies through a special purpose corporation. The Kitchen, founded in 2014, has invested in 19 companies and its portfolio companies have raised a total of $72 million and created over 100 jobs. Millennium Food-Tech focuses on tailormade food, alternative proteins, food waste reduction, smart packaging, AI, and new food ingredients. The partnership aims to leverage the expertise and resources of both entities to drive growth and innovation in the food-tech industry.
PartnersInvestment
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Israel's Only Food Tech Hub Has Something Cooking In The Kitchen
The Kitchen FoodTech Hub in Tel Aviv is Israels first and only technology incubator focused on food and beverages. It was developed in collaboration with the Strauss Group, one of Israels biggest food product manufacturers. The incubator accepts startups and provides them with equity financing, personal support, access to Strauss and its facilities, and connections to international companies. The Kitchens portfolio companies have launched innovative products such as lab-grown steak, plant-based yogurts, vegan egg substitutes, and more. The article highlights the need for innovation in the global food industry due to food insecurity, food waste, and environmental impact. The Kitchen aims to address these challenges and contribute to the future of the food industry.
CustomersPartners
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Nasdaq-Listed Snack Company Mondelēz Partners With Israeli Foodtech Incubator The Kitchen
Mondelēz International Inc. has entered a collaboration agreement with Israeli foodtech incubator The Kitchen. The collaboration will be spearheaded by Mondelēz’s research and development team and its global innovation hub, SnackFutures. The Kitchen will help connect Mondelēz with Israeli foodtech entrepreneurs, while Mondelēz will offer technological and commercial mentorship to food startups. Mondelēz will also provide participating startups access to its global technical centers, facilities, and experts. Rob Hargrove, executive vice president of research, development, and quality at Mondelēz, will join The Kitchen’s advisory council.
Partners
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Accelerating innovation: Givaudan partners with food-tech incubator The Kitchen
Givaudan has partnered with The Kitchen, a food-tech incubator in Israel, to expand its innovation ecosystem and connect with food entrepreneurs. The partnership aims to develop healthier and sustainable products and solutions. Givaudans Head of Science & Technology, Flavours, Fabio Campanile, believes that The Kitchen can help deliver great impact to their business. Givaudan is actively seeking partnerships and collaborations with start-ups and entrepreneurs in the food-tech industry to create added value for their customers. The Kitchen, owned by the Strauss Group, is Israels only food-tech focused incubator and aims to disrupt the global food system by nourishing promising FoodTech ventures. Givaudan is also involved in other partnerships and innovation platforms in the food industry.
Partners
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What's cooking in the 'start-up nation'? Inside The Kitchen FoodTech Hub
The Kitchen FoodTech Hub, owned by the Strauss Group, is an Israeli start-up incubator that invests in seed stage enterprises in the food tech industry. The accelerator aims to address global food challenges by harnessing Israels innovation capacity. The Kitchen provides support to start-ups to develop their technical expertise and business models. The company is focused on tech and aims to create an ecosystem. The article highlights several start-ups that have received support from The Kitchen, including Deep Learning Robotics, YoFix, BactuSense, Aleph Farms, Better Juice, My FavorEats, and Flying Spark. These start-ups are developing innovative solutions in areas such as robotics, plant-based yogurt, food safety testing, lab-grown meat, sugar reduction in fruit juice, and insect-based protein powder.
InvestmentPartners
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EXCLUSIVE: Israeli Foodtech Hub Makes New Investments Aimed at Common Consumer Complaints - AFN
The Kitchen, an Israeli foodtech incubator sponsored by Strauss-Group, has made investments in food safety device Inspecto and sugar reduction technology Better Juice. Inspecto is developing a device that detects nanoparticles of pesticides and other contaminants in food, while Better Juice uses an enzymatic process to reduce sugar content in fruit juice. The Kitchen typically invests around $500k in startups and plans to make three to four more investments in 2018. Inspecto is currently running pilots with Strausss coffee program and Shinho, a Chinese condiment company. Better Juice has successfully applied its technology to apple and orange juice and may expand to other fruits.
Investment
growth-positive
Taste what's cooking in The Kitchen food-tech incubator
The Kitchen, the worlds only food-tech incubator located in Ashdod, Israel, is focused on making the worlds food chain more productive, affordable, sustainable, and healthful. The incubator invests half a million dollars of seed money in every accepted company and accepts an average of four startups each year. The first three startups in The Kitchen are Yofix, Bactusense, and Deep Learning Robotics, each working on breakthrough solutions in the food industry. The Kitchen aims to find solutions for hunger-stricken areas as well as places with excessive salt, sugar, and animal fat consumption. Major companies like Nestle, Danone, Unilever, and PepsiCo have visited The Kitchen to explore potential partnerships. The Kitchen is part of the Israeli Ministry of Economys Technological Incubators Program.
InvestmentAcquisition
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Israel's FoodTech Industry Leaps Forward, According to The Kitchen
The Kitchen, an incubator sponsored by Strauss-Group, has played a significant role in the growth of Israels foodtech industry. The incubator, launched in 2015, has helped create awareness of the food tech space among entrepreneurs and investors. The Kitchen provides investment and support to foodtech startups, with a focus on technologies for sugar reduction, sodium reduction, alternative proteins, and more natural foods. Startups in the incubator receive investment in return for equity and have access to the expertise and resources of Strauss-Group. The Kitchen currently has six companies in the incubator and is planning to bring on a new company in the cultured meat space. The incubator has had a positive impact on the growth of the foodtech sector in Israel.
PartnersInvestment
growth-positive
Office Tour: The Kitchen FoodTech Hub Offices - Ashdod
Hagai Nagar Architects has developed The Kitchen FoodTech Hub, a new food technology startup hub in Ashdod, Israel. The hub is part of the Technological Incubators Program and was founded by Strauss Group and the Chief Scientist at the Israeli Ministry of Economy and Industry. The office design features a spacious and open kitchen at the center, promoting idea sharing and collaboration. Private working rooms are partitioned with glass to maintain a sense of connection with the center of the office. The design incorporates a combination of materials and graphics, reflecting the companys commitment to development and innovation.
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