Centre for the Fourth Industrial Revolution Network 2023-2024

Page 15 of 45 · 2024 · WEF_Centre_for_the_Fourth_Industrial_Revolution_Network_2023-2024.pdf

15 Action: The Centre for the Fourth Industrial Revolution Israel partnered with GFI Israel to publish a comprehensive report that highlights Israel’s alternative protein sector. This report not only showcases Israel’s advancements but also serves as a blueprint for other countries seeking to develop their alternative protein industries. Next steps: By 2030, the Israeli alternative protein industry will include more than 200 companies, and more than a dozen manufacturing facilities would have been established. An estimated 10,000 jobs will be created through the increased investment in the sector, including one-third in manufacturing roles. This is expected to inject $2.5 billion into the local economy, spread across exports, local wages, corporate taxes and more. Result: 80 start-ups working in the alternative proteins space participated in the initiative. Israel’s alternative protein sector encompasses nearly 10% of total global investments in this field, trailing only the United States. Context: With food security and climate change posing global challenges, the Alternative Protein Initiative seeks to incubate alternatives by developing innovative protein sources, such as plant-based, cultivated and fermentation-derived proteins. Israel’s approach to innovation reflects our commitment to shaping a sustainable future for generations to come. Positioned to drive sustainable and efficient solutions, Israel is poised to redefine the global landscape of alternative protein technology and make an impactful change for a more resilient food future. Dror Bin Chief Executive Officer, Israel Innovation AuthorityCase study 3: Alternative proteins Israel
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