Israeli natural food coloring developer Phytolon has announced that it has completed a $4.1 million financing round led by Millennium Food-Tech with the participation of Consensus Business Group (CBG) Fund, Trendlines Group, EIT-Food (the EU body responsible for food-tech initiatives), and former Elbit Systems CEO Yossi Ackerman. Phytolon's development is patent protected and belongs to Yeda, the technology transfer company of the Weizmann Institute of Science, which has granted Phytolon an exclusive license.

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“The road from basic research to the clinic is long and often bumpy, so our study in pigs provides a critical step in this direction,” Tzahor says. This study was made possible, in part, by a new program that aims to bridge the gap between promising basic science breakthroughs at the Institute and commercial application. Called IDEA (Innovation, Development, Enhancement and Acceleration), it is an initiative of Yeda, Weizmann’s technology transfer arm.

DayTwo is a start-up that provides personalized nutrition recommendations, which help balance individual blood sugar levels. In the following article, DayTwo Co-Founder and CEO Lihi Segal discusses the importance of health-tech and how the company copes with the current pandemic crisis. She also recalls meeting Weizmann Institute researchers Prof. Eran Segal and Prof. Eran Elinav – whose groundbreaking research serves as the company's IP backbone – and talks about how the successful collaboration between industry and academic research has generated a sustainable win-win scenario.  

Phytolon has been selected by EIT Food to receive a share of €5.4 million in new funding.

The COVID-19 Bridge Fund supports #agrifood #startups at the forefront of European food innovation

Read more about the announcement here: https://lnkd.in/dbD9qjP

Phytolon (€393.6K, IL) uses an environmentally friendly fermentation-based technology to produce natural food colours that are GMO-free, high-quality and sustainable

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The new partnership between Impact NRS LLC, a leading company operating in the field of health, wellness and sustainable development innovation, and YEDA, the commercial arm of the Weizmann Institute of Science, has led to the establishment of Plantae Biosciences LTD, a company dedicated to developing food technology solutions that are geared to impact global nutrition and environmental security.

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“The pioneering idea of Yeda Research and Development – to commercialize the ideas of the Institute’s scientists – was groundbreaking at the time, and it has proven itself over the years. Its major successes in pharmaceuticals have been impressive, but the world outside the academic one has changed greatly. That is why the Yeda model also needs to be updated.”

The clever addition of lipids to water-based hydrogels makes them excellent lubricants for biomedical uses. What copes with heavy pressure and exists in a state of constant friction, decade after decade, yet barely gets worn down? The answer is the cartilage padding our joints – actually a marvelous system that both absorbs shocks and lubricates the joints, allowing bones to slide easily against one another.