Givaudan partners with The Kitchen to shake up food
Swiss scent and flavour expert Givaudan, the company behind numerous products we come into contact with every day, has announced a partnership with Israeli-based food technology incubator The Kitchen. According to both parties, the goal of the partnership is to accelerate the pace of innovation in the food sector.
Givaudan’s share price has risen by 13% over the last twelve months
Source: Yahoo Finance
The Kitchen is Israel’s only food tech innovation incubator, and its focus is on areas like supply chain technologies, efficient food processing, and “the creation of healthier food”. It’s a guiding force for start-ups and entrepreneurs when it comes to creating a more efficient, more sustainable, global food chain.
Explaining The Kitchen’s appeal to Givaudan, the company’s head of science & technology, flavours, Fabio Campanile, said: “Our partnership with The Kitchen is the latest example of Givaudan’s commitment to address global food challenges. We are thrilled to share our capabilities with entrepreneurs in one of the most dynamic FoodTech ecosystems in the world and jointly develop new technologies and solutions that will shape the future of good and sustainable food.”
The Kitchen CEO, Jonathan Berger, added: “Israel plays an important role in creating innovative food technologies, and our goal at The Kitchen is to nourish promising FoodTech ventures that can disrupt the global food system making it more productive, more affordable, more sustainable, and healthier. Our partnership with Givaudan will provide FoodTech start-ups with a wealth of food science knowledge and sensory expertise to help them navigate challenges in their product development journeys.”
Dominion holds Givaudan in its Global Trends Managed Fund.
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