Israel’s Algatechnologies joins the FoodConnects consortium as the winner of a pan-European competition on the Food4Future call.###This Knowledge and Innovation Community (KIC) has broad coverage in EU member states and associated countries (chelated iron gluconateIsrael), being a partnership of 50 companies, universities and scalcium citrate supplements amazoncientical mag citratefic partners covering the entire food value chain.###Algatech was chosen by the KIC leaders to be the sole algae player participating in the €1,200 million (US$1,273 million) initiative.###It willsolaray calcium magnesium 2 1 ratio work within EIT Food to develop new food sources from microalgae.###Each of the consortium partners is committed to jointly transforming the way in which food is being produced, distributed and consumed.###Over the next seven years, the partners will invest close to €1,200 million matched with up to €400 million financed by the EIT.###Algatech has initiated discussions with other KIC partners to review and select innovative algae sources with important nutritional properties as potential food sources.###“We totally agree with the open funding pre-cocitracal calcium dmpetitive investment concept, which will de-risk research via collaboration and leverage both commercial and academic capabilities for a common purpose,” says CEO Hagai Stadler.###“As the future of food is high on the European Commission’s agenda, EIT Food will deliver ‎cutting-edge European skills to rebuild a healthy and sustainable food system in Europe and ‎beyond,” says Peter van Bladeren, VP Nestec, global head regulatory and scientific affairs for Nestlé and chair of the Interim Supervisory ‎Board of EIT Food.###“The ‘knowledge triangle’ of research, education and entrepreneurship will sharpen the ‎global competitiveness of the European economy.”