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HomePosts Tagged "ICL Planet Startup Hub"
Agrotech, Biostimulants, Company News, IT, Middle East countries

The two companies to launch a joint, multiyear program to use Agrematch’s AI system for the discovery of novel crop nutrition solutions.

ICL Group, a leading global specialty minerals company, has announced its agriFood innovation and investment platform, ICL Planet Startup Hub, has led an investment round in Agrematch, an artificial intelligence (AI) agriTech startup. The two companies agreed to launch a joint, multi-year program to use Agrematch’s AI system for the discovery of novel crop nutrition solutions, to bring innovative products to ICL’s global offerings.

 Agrematch has been developing and refining its unique AI4AI – Artificial Intelligence for Active Ingredients platform ever since. ICL Growing Solutions, the agriculture division of ICL, is partnering with Agrematch as a strategic investment designed to be complementary to, and synergistic with, its long-term growth plans. The Agrematch platform is expected to produce proprietary compounds developed as unique biostimulants and plant nutrition products, ultimately optimizing overall plant and soil health and maximizing plant yield, quality and resilience.

“ICL’s partnership with Agrematch brings the rapidly evolving application of AI into ICL’s agricultural development ecosystem. “Agrematch’s AI4AI prediction platform has the potential to streamline our compound discovery process, reduce the time and costs involved, and lead to the development of more effective and efficient crop solutions”, said Hadar Sutovsky, Vice President of External Innovation and general manager of ICL Planet Startup Hub.

“We are excited to partner with ICL and explore new solutions for plant nutrition,” said Eyal Ben-Chanoch, CEO of Agrematch. “Using data science, and especially AI, has helped us to dramatically alter the discovery process, by eliminating both its sequential nature and the barriers that make the classical high-throughput screening methods costly, risky and time consuming. Our AI4AI platform was designed and built to discover new functional compounds that meet defined specifications.”

“This collaboration will focus on developing novel biostimulants products that provide superior results for plants,” said Elinor Erez, PhD, vice president of R&D for ICL Growing Solutions. “It supports our strategy to continue investing in the ag-biologicals market, which we see as highly complementary to – and aligning with – our existing agriculture business and the future of our specialty crop nutrition portfolios. ICL brings a huge contribution to this strategic collaboration, as this promising start-up will enjoy access to the global crop nutrition market, regulatory insights, agronomical aspects, and development, along with best-in-class group of R&D scientists and agronomists. Following an extensive evaluation of Agrematch’s technological capabilities, we are excited to collaborate with them to deliver novel ag-biological products to the global market.”

The two companies to launch a joint,

Agrotech, Nature, Start ups

The THRIVE Global Impact Challenge seeks innovative start-ups advancing a net-zero future for agriculture.

On the hunt for the most innovative, global companies creating the biggest impact in driving toward a net-zero future for agriculture, SVG Ventures|THRIVE – and partner ICL Planet Start-up Hub – have launched the Global Impact Challenge.

The urgency of the climate crisis is more apparent than ever, and disruptive innovation is key to creating a more sustainable, prosperous, inclusive, healthy and equitable future.  The world is already feeling the effects of climate change on a global scale and combating this crisis requires urgent and immediate attention.  It is, by far, the defining issue for current times.  THRIVE is passionate about playing a significant role in spurring the collective change needed to tackle this crisis, which led to the creation of the Global Impact Challenge.

The THRIVE Global Impact Challenge is a global search for the most innovative startups who are advancing a net-zero future for agriculture. The Challenge will focus on three core themes, each central to supporting the transition to net-zero.

The Challenge themes, which align with the UN’s Sustainable Development Goals, are focused on the following areas:

Soil health and biodiversity

Increasing food security

Reducing and offsetting GHG emissions

The launch event was hosted in Tel Aviv, Israel in partnership with ICL Planet Startup Hub, THRIVE’s headline partner for the Challenge.  Additional premium partners for the challenge include Bayer, BASF, Driscoll’s, Kubota and Valmont.

“Climate action is a task for all of us and disruptive innovation is key to accelerating global efforts towards a net-zero future for agriculture,” says John Hartnett, Founder and CEO of SVG Ventures|THRIVE. “We believe entrepreneurs hold the key to a sustainable future.”

“At ICL Planet, we are committed to creating responsible solutions for humanity’s sustainability challenges in the global food and agriculture markets,” notes Hadar Sutovsky, ICL, VP External Innovation and GM of ICL Planet. “By partnering on this challenge, we can create sustainable solutions and a secure future for communities around the world.” Applications are now open and will be accepted through September 15, 2022. Six companies will be selected to attend the THRIVE | Forbes Global Sustainability Summit in November of 2022 and to pitch their solution for the opportunity to secure a spot in THRIVE’s award winning Global Accelerator Program.

The THRIVE Global Impact Challenge seeks innovative