Today's News

 

BluNalu signed a memorandum of understanding with Pulmuone, a South Korea-based company that specializes in wholesome and environmentally-friendly food products. The companies will collaborate in areas such as marketing, regulatory, operations, and distribution with an aim to bring BlueNalu's cell-based seafood products to South Korea after the launch in the U.S. Full Story

Poland-based FoodCare Group is aiming to create a distribution network in the U.S. and Canada and signed a letter of intent with LeanLife Health. The LOI provides six months for the companies to finalize agreements during which FoodCare has committed exclusivity to LeanLife. Meanwhile, LeanLife vowed full support and commitment to launch products under the Iron Energy Drink brand as well as other FoodCare brands in the target markets. Full Story

The research group Motif Foodworks partnered with two universities on work to improve the texture and taste of plant-based meat substitutes. The University of Illinois at Chicago and the University of Illinois at Urbana-Champaign will contribute expertise in the area of "soft solids," studying the behavior of matter in a liquid state. Full Story

The Canadian Taxpayers Federation warns that Saskatchewan's $4 billion irrigation project is too risky since it's set to be executed with borrowed money and could leave current and future generations of Canadians saddled with debt even though it may not work. The provincial government said the project will provide up to $80 billion in economic benefits over the next 50 years, which includes allowing farmers to grow vegetables and other high value crops, sparking development of a processing industry, and providing water security, reported CBC. Full Story

Argentinian farmers suspect high reference prices for wheat are motivated by nationalist government decisions. Traders and grain analysts believe such price distortions are a way to keep exporters out of the market, leaving more wheat for local millers, reported Bloomberg. Full Story

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This Investor Series webinar from the Food Institute will feature three leaders in venture capital, discussing their thoughts on early-stage investing in the food and beverage industry. Topics covered will include the current state of venture capital; top food and beverage industry trends; and potentially disruptive (i.e., unicorn) food concepts and ideas. Whether you’re an investor, a food industry executive, banker or consultant, find out where the top VC minds are investing their capital for outsized returns.
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The Food Institute shines a spotlight on member CMC Design-Build, and how it's adapting to keep its clients' facilities safe during the pandemic. President Mark Moore talks about new technologies that can help manufacturing employees stay safe and changes to the way food is produced and consumed.
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