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Tuesday, January 31, 2023

ICL (NYSE: ICL) Announces Partnership with StartLife

ICL Group Ltd (NYSE: ICL) announced a partnership with startup accelerator StartLife in its effort to invest in startups focusing on new methods to address global challenges in food and agricultural production. These problems include boosting yields and addressing food insecurity, as well as reducing greenhouse gas emissions.

ICL Planet Startup Hub, based in Israel, is ICL’s vehicle for cultivating, nurturing, and accelerating innovation in the AgriFood tech ecosystem through open innovation and worldwide cooperation. Novel ways to recycle minerals, extract minerals from waste streams, convert them to fertilizers, as well as develop revolutionary functional proteins for clean label applications, are all possible targets.

StartLife has a successful record of spotting and attracting promising early-stage startups globally. It is positioned at the center of the European AgriFood tech ecosystem and emphasizes sustainable food systems. It has strong linkages with the world-renowned Wageningen University & Research were crucial to ICL’s choice to join a relationship.

Furthermore, StartLife hopes to speed businesses’ scaling journeys while also assisting ICL in selecting the best startups to match their innovation problems through this cooperation. Its team is already on the lookout for startups that want to collaborate and help Planet Startup solve a problem. Crop nutrition, such as next-generation fertilizers and biostimulants, as well as precision farming and alternative proteins, are all covered.

Market access, knowledge, and world-class scientists, as well as the ability to sample tests, are all benefits of collaborating with ICL Planet Startup Hub. ICL can also provide agronomic or food application input as an on-the-ground industrial partner. ICL Planet Startup Hub has already invested in several AgriFood firms, most recently in Plantible and Protera, two alternative protein companies.

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