CSM Ingredients is partnering with Urika, a venture and innovation partner representing multinational agri-food companies in the Israeli ecosystem, to establish a new open innovation hub in Tel Aviv.

The company says that the partnership will enable it to generate value by identifying growth opportunities, collaborating with technology start-ups and scientific labs, and ‘developing future growth engines’. The hub aims to cooperate with the Israeli ecosystem to discover new food ingredient technologies and improve upon existing ones.

Aldo Uva, CSM Ingredients’ CEO, commented: “At CSM Ingredients, we work tirelessly to identify new and existing opportunities based on emerging and growing trends through open innovation. As such, we are thrilled to be partnering with Urika and launching an open innovation hub in Israel.”

Uva 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”.

Ilanit Kabessa, managing partner at 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 is leading the industry to a better future, and Urika is honoured to be a strategic partner.”