{"id":8553,"date":"2024-05-21T06:55:33","date_gmt":"2024-05-21T06:55:33","guid":{"rendered":"https:\/\/innovationisrael.org.il\/en\/?post_type=press_release&p=8553"},"modified":"2024-05-21T10:53:36","modified_gmt":"2024-05-21T10:53:36","slug":"foodtech-and-alternative-protein-report","status":"publish","type":"press_release","link":"https:\/\/innovationisrael.org.il\/en\/press_release\/foodtech-and-alternative-protein-report\/","title":{"rendered":"New Report Highlights Israel’s Pioneering Approach to FoodTech Innovation and Alternative Protein Technologies"},"content":{"rendered":"\n

Report lauds Israel’s leadership in driving innovation and shaping the future of the food Industry<\/em><\/h4>\n\n\n\n

Report indicates that with the right support, Israel could establish over 200 alternative protein companies over next decade, contributing 2.5 billion USD to the domestic economy<\/em><\/h4>\n\n\n\n
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The Israel Innovation Authority, the World Economic Forum (WEF) through the Fourth Industrial Revolution (C4IR) network led by C4IR Israel and the Good Food Institute Israel, published today a first of its kind, comprehensive report covering a case study of Israel\u2019s alternative proteins ecosystem: “Creating a vibrant food-tech innovation ecosystem: How Israel is advancing alternative proteins across sectors”.<\/p>\n\n\n\n

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The novel report highlights Israel’s especially strong standing in the alternative proteins sector. In 2023, Israel saw a record high of 15 new alternative protein startups, joining over 80 active startups in this sector and over 200 startups in food technologies. Moreover, Israel’s alternative protein sector ranks second globally in private investment, reflecting nearly 10% of total global investments in this field, trailing only the United States.<\/p>\n\n\n\n

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The report predicts that by 2030, with a well-structured national support strategy in place, Israel’s alternative protein sector could see over 200 companies and a dozen manufacturing facilities established, creating 10,000  jobs, one-third in manufacturing, and contributing 2.5 billion USD to the economy through exports, wages, and taxes.<\/p>\n\n\n\n

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Dror Bin, Chief Executive Officer, Israel Innovation Authority<\/strong>: \u201cIsrael\u2019s proactive approach to fostering innovation in alternative proteins reflects our commitment to shaping a sustainable future for generations to come. By investing in applied academic research, fostering innovative startups at every stage and facilitating international collaboration, we are accelerating the growth of Israel’s alternative protein ecosystem. Positioned to drive sustainable and efficient solutions, Israel is poised to redefine the global landscape of alternative proteins technology and make an impactful change for a more resilient food future.\u201d<\/p>\n\n\n\n

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Bruce Friedrich, President and Founder, The Good Food Institute: “<\/strong>Alternative proteins are the one food systems climate intervention that analogizes to renewable energy and electric vehicles (EVs). That\u2019s true in two ways: First, renewables, EVs, and alt proteins are not trying to change the human desire to consume energy, drive, and eat meat; they\u2019re changing the way these products are produced. Second, science and scaling in one part of the world can scale globally, because renewables, EVs, and alt proteins are market-based solutions that – once key challenges are addressed – can shoot up the global adoption curve quickly“.<\/strong><\/p>\n\n\n\n

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The report remarks on the first publication of the World Economic Forum in Alternative Proteins, setting the case for significant contribution in fighting climate change, bolstering biodiversity and food security, and being an evolving economic lever. It underscores the critical role of emerging technologies and innovation in transforming food systems worldwide. With proper investment and collaboration, these advancements can serve as powerful tools in safeguarding nature, addressing climate change, enhancing global food security and nutrition, and reducing inequity on a global scale. Israel’s innovation ecosystem, known for its diverse technological offerings and breakthrough solutions, has positioned itself as a leader in tackling various global challenges, including climate change, food security, and economic growth.<\/p>\n\n\n\n

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The report highlights Israel’s notable standing in the food tech sector and its global Alternative Proteins space leadership. It sets the case for significant contribution in fighting climate change, bolstering biodiversity and food security, and being an evolving economic lever. Notably, the report emphasizes the substantial support from local and multinational entities in tackling key barriers confronting the ecosystem today, including cost competitiveness, regulatory ambiguity, research infrastructures, and scalability challenges. Additionally, it underscores the potential for global cooperation, given the sector’s inherently cross-sectorial nature. The report maps out innovative policies taken by the Israel Innovation Authority, in partnership with the Israeli Prime Minister\u2019s Office and Ministry of Health to advance the local ecosystem, offering key takeaways for other countries to follow.<\/p>\n\n\n\n

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Key Findings of the Report include:<\/u><\/strong><\/h5>\n\n\n\n
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