Finistere, OurCrowd, Tnuva, and Tempo Launch NIS 1 Billion “Fresh Start” FoodTech Incubator in Northern Israel
Summary
KIRYAT SHEMONA, Israel--(BUSINESS WIRE)--In a festive ceremony in Kiryat Shemona yesterday, Finistere Ventures, a global agrifood investment leader, OurCrowd, Israel’s most active venture investor, Tnuva, Israel’s largest food manufacturer, and Tempo Beverages, the leading Israeli beverage company held an event Wednesday to formally launch their NIS 1 Billion “Fresh Start” FoodTech Incubator. The consortium, who won the tender to operate the FoodTech incubator from the Israel Innovation authority in June 2019, will invest in over 40 advanced technology startups that will drive the food industry. The launch event, which celebrated the continued emergence of the FoodTech revolution into Israel’s Northern region was attended by Economy Minister Eli Cohen, representatives of the Israeli Innovation Authority, and senior representatives from the consortium, including: a delegation from global food industry giants, the Bright Food Group were in attendance as well as the controlling shareholders of Tnuva, Tnuva chairman Haim Gavrieli, Tnuva CEO Eyal Malis, Tempo CEO and chairman Jacques Beer, Eyal Rosenthal and Gil Meron from Finistere Ventures, Ori Sobovitz, Partner, Head of Government Relations and Israeli Partnerships at OurCrowd, CEO of the Fresh Start Incubator Chanan Schneider, Kiryat Shemona mayor Avihai Stern, Upper Galilee Regional Council head Beni Ben Muvchar, the heads of local councils and communities in the eastern Galilee and young entrepreneurs. Besides the establishment of the FoodTech center in Kiryat Shemona, this unique technological incubator is a major milestone for the eastern Galilee, which will create significant economic value for the region, draw many investments, industries and human capital. Tempo has powerful long-lasting alliances with large global business partners such as PepsiCo, Heineken, Nestle Waters, Pernod Ricard, San Benedetto, XL Energy and others.