Algatechnologies partners in EIT Food

Algatechnologies (Algatech) is proud to be part of the FoodConnects consortium, the winner of a pan European competition on the Food4Future call.

This Knowledge and Innovation Community (KIC) has broad coverage in EU member states and associated countries (Israel), being a unique partnership of 50 leading companies, universities and scientific partners covering the entire food value chain.

Algatech was chosen by the KIC leaders to be the sole algae player participating in the €1,200 million initiative. It will work within EIT Food to develop new food sources from microalgae. Each of the consortium partners is committed to jointly transforming the way in which we produce, distribute and consume our food. Over the next seven years, the partners will invest close to €1,200 million, matched with up to €400 million financed by the EIT.

Algatech has initiated discussions with other KIC partners to review and select innovative algae sources with important nutritional properties as potential food sources.

Hagai Stadler, CEO of Algatechnologies, says, “The EIT Food programme meets our vision to invest in the development of unique microalgae ingredients which can improve nutrition for human wellbeing. Microalgae contains key ingredients for humans and will become an increasingly important element of our future diet.”