CSM Ingredients announces collaboration to open Innovation Hub
CSM Ingredients has entered into a partnership with URIKA, a venture and innovation partner representing agri-food multinational companies in the Israeli ecosystem, to open a new Open Innovation Hub in Tel Aviv.
The global player in the innovation and production of food tech ingredients said the strategic partnership will enable CSM Ingredients to generate value by identifying growth opportunities, collaborating with cutting edge technology startups and scientific labs, generating M&A and investment opportunities, and developing future growth engines.
The Innovation Hub aims to collaborate with the Israeli Ecosystem to not only discover new food ingredient technologies, but also improve on existing ones, ultimately creating disruptive solutions and reshaping the global food ingredients’ industry.
Aldo Uva, CSM Ingredients CEO said he is thrilled CSM Ingredients’ tireless work to identify new and existing opportunities has led to a partnership with URIKA and the launch of an Open Innovation Hub in Israel.
He added: “Through a collaboration with such a strategic partner our company will continue on its Net Positive journey to push boundaries through disruptive solutions for both the traditional and new food segments.”
The partnership also allows the company to expand its presence in Israel, a country renowned for innovation and whose food tech ecosystem is one of the most vibrant and leading environments in the world, home to hundreds of start-ups, and leading researchers.
Ilanit Kabessa, managing partner, URIKA stated: “We are proud to work with CSM Ingredients and join the company’s visionary journey to the future of food technologies. As a major player in the ecosystem, CSM Ingredients is leading the industry to a better future, and URIKA is honoured to be a strategic partner”.
URIKA was founded by senior industry executives Ilanit Kabessa and Dr. Uri Weinheber to represent agri-food MNCs in the Israeli ecosystem and assist global companies in generating value and capitalising on new growth opportunities.
With decades of experience, the company has generated innovation value for clients including Nestle, Bazan, Novozymes, Dole, and Novozymes.