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Enzymotec
Enzymotec was an Israeli speciality chemicals company. It was acquired by Frutarom in Jan 2018. History The company was founded in 1999 by Dr. Sobhi Basheer at the Naiot Venture Accelerator that markets products created from lipids from raw sources like fish and plants as food ingredients, dietary supplements, and medical food products for adults, children, and infants. Index to whole prospectus ihere/ref> As of 2013 it was the second biggest company in the global krill oil market with a 30% market share, and was emphasizing its potential for growth in the Chinese market for infant nutrition with its lipid-based InFat food ingredient. It began selling medical food products in the US through its subsidiary, Vaya Pharma, in 2011. As of 2013 Enzymotec had raised $17 million and was selling products globally, and in the summer of 2013 it filed a prospectus for its initial public offering on NASDAQ, seeking to raise around $75M; the IPO was held in October and raised $63M. In 2014 Enz ...
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Naiot Venture Accelerator
Naiot Venture accelerator was a technological Incubator, engaged in early seed startup investments. It was based in Yokneam, Israel. Naiot is a full subsidiary of the Ofer Hi-Tech Group, the venture capital investment arm of the Ofer Brothers Group. Naiot invests and creates value by providing management, as well as the human and financial resources required to nurture seeds concept into sustainable companies. Investment portfolio focuses primary on Medical devices, along with information technology, enterprise software and web applications. Naiot screens over 350 project applications every year, from which it invests in 4 to 6 new projects annually, with $500k-$1M invested in each project. The investments is leveraged through an agreement with the Israeli Chief Scientist's Office and the OCS Technology Incubation Programs (TIP). History Since its foundation in 1997, Naiot has launched over 60 companies, which have raised over $300M in funding. 80% of the companies that ha ...
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Migdal HaEmek
Migdal HaEmek ( he, מִגְדַּל הָעֶמֶק, lit. ''Tower of the Valley'', also officially spelt Migdal HaEmeq, ar, مجدال هعيمق) is a city in the Northern District of Israel. In it had a population of . There is a tower to the north-east, above the town. History Background and establishment Prior to 1953, the area nearest to where Migdal HaEmek was founded was an Arab Palestinian village named al-Mujaydil. It had existed there since as early as 1596 during the Ottoman era. In July 1948 al-Mujaydil was "completely destroyed" in July 1948 due to aerial bombing during the operations conducted by Yishuv Golani Brigade forces, when villagers fled, resulting in its depopulation. and Migdal HaEmek was built on the razed ruins. Migdal HaEmek was started in 1953 as a ma'abara for Jews from Arab countries, before becoming a development town. The original site of the ma'abara was west of the current site, at Shimron hill. In 1959, during Wadi Salib riot ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ...
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NASDAQ
The Nasdaq Stock Market () (National Association of Securities Dealers Automated Quotations Stock Market) is an American stock exchange based in New York City. It is the most active stock trading venue in the US by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. History 1971–2000 "Nasdaq" was initially an acronym for the National Association of Securities Dealers Automated Quotations. It was founded in 1971 by the National Association of Securities Dealers (NASD), now known as the Financial Industry Regulatory Authority (FINRA). On February 8, 1971, the Nasdaq stock market began operations as the world's first electronic stock market. At first, it was merely a "quotation system" and did not provide a way to perform electronic tra ...
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Food Industry
The food industry is a complex, global network of diverse businesses that supplies most of the food consumed by the world's population. The food industry today has become highly diversified, with manufacturing ranging from small, traditional, family-run activities that are highly labor-intensive, to large, capital-intensive and highly mechanized industrial processes. Many food industries depend almost entirely on local agriculture, produce, or fishing. It is challenging to find an inclusive way to cover all aspects of food production and sale. The UK Food Standards Agency describes it as "the whole food industry – from farming and food production, packaging and distribution, to retail and catering." The Economic Research Service of the USDA uses the term ''food system'' to describe the same thing, stating: "The U.S. food system is a complex network of farmers and the industries that link to them. Those links include makers of farm equipment and chemicals as well as fir ...
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Frutarom
Frutarom Industries Ltd. ( he, פרוטרום תעשיות בע"מ) is an Israeli-based company that specializes in the production and distribution of extracts for flavor and fragrance. In 2015 it had sales of over $872 million. Shares of the company had traded on the London Stock Exchange and the Tel Aviv Stock Exchange until it was acquired by International Flavors & Fragrances in 2018. Overview The Frutarom Group is a flavor and ingredients company based in Haifa, Israel. The company develop, manufacture, and market an extensive variety of flavors and ingredients catered to customers in a range of industries around the world. Frutarom operates through two major divisions: * Flavors Division – develops, produces, and markets flavor compounds and food system solutions. * Fine Ingredients Division – develops, produces and markets flavor extracts, functional food ingredients, pharmaceutical/nutraceutical extracts, specialty essential oils, citrus products and aroma che ...
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Israel
Israel (; he, יִשְׂרָאֵל, ; ar, إِسْرَائِيل, ), officially the State of Israel ( he, מְדִינַת יִשְׂרָאֵל, label=none, translit=Medīnat Yīsrāʾēl; ), is a country in Western Asia. It is situated on the Eastern Mediterranean, southeastern shore of the Mediterranean Sea and the northern shore of the Red Sea, and Borders of Israel, shares borders with Lebanon to the north, Syria to the northeast, Jordan to the east, and Egypt to the southwest. Israel also is bordered by the Palestinian territories of the West Bank and the Gaza Strip to the east and west, respectively. Tel Aviv is the Economy of Israel, economic and Science and technology in Israel, technological center of the country, while its seat of government is in its proclaimed capital of Jerusalem, although Status of Jerusalem, Israeli sovereignty over East Jerusalem is unrecognized internationally. The land held by present-day Israel witnessed some of the earliest human occup ...
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Lipids
Lipids are a broad group of naturally-occurring molecules which includes fats, waxes, sterols, fat-soluble vitamins (such as vitamins A, D, E and K), monoglycerides, diglycerides, phospholipids, and others. The functions of lipids include storing energy, signaling, and acting as structural components of cell membranes. Lipids have applications in the cosmetic and food industries, and in nanotechnology. Lipids may be broadly defined as hydrophobic or amphiphilic small molecules; the amphiphilic nature of some lipids allows them to form structures such as vesicles, multilamellar/ unilamellar liposomes, or membranes in an aqueous environment. Biological lipids originate entirely or in part from two distinct types of biochemical subunits or "building-blocks": ketoacyl and isoprene groups. Using this approach, lipids may be divided into eight categories: fatty acyls, glycerolipids, glycerophospholipids, sphingolipids, saccharolipids, and polyketides (derived from condens ...
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Food Ingredient
An ingredient is a substance that forms part of a mixture (in a general sense). For example, in cooking, recipes specify which ingredients are used to prepare a specific dish. Many commercial products contain secret ingredients that are purported to make them better than competing products. In the pharmaceutical industry, an active ingredient is that part of a formulation that yields the effect expected by the customer. National laws usually require prepared food products to display a list of ingredients, and specifically require that certain additives be listed. In most developed countries, the law requires that ingredients be listed according to their relative weight in the product. If an ingredient itself consists of more than one ingredient (such as the cookie pieces which are a part of "cookies and cream" flavor ice cream), then that ingredient is listed by what percentage of the total product it occupies, with its own ingredients displayed next to it in brackets. Th ...
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Dietary Supplements
A dietary supplement is a manufactured product intended to supplement one's diet by taking a pill, capsule, tablet, powder, or liquid. A supplement can provide nutrients either extracted from food sources or that are synthetic in order to increase the quantity of their consumption. The class of nutrient compounds includes vitamins, minerals, fiber, fatty acids, and amino acids. Dietary supplements can also contain substances that have not been confirmed as being essential to life, but are marketed as having a beneficial biological effect, such as plant pigments or polyphenols. Animals can also be a source of supplement ingredients, such as collagen from chickens or fish for example. These are also sold individually and in combination, and may be combined with nutrient ingredients. The European Commission has also established harmonized rules to help insure that food supplements are safe and appropriately labeled. Creating an industry estimated to have a 2020 value of $1 ...
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Medical Food
Medical foods are foods that are specially formulated and intended for the dietary management of a disease that has distinctive nutritional needs that cannot be met by normal diet alone. In the United States they were defined in the Food and Drug Administration's 1988 Orphan Drug Act Amendments and are subject to the general food and safety labeling requirements of the Federal Food, Drug, and Cosmetic Act. In Europe the European Food Safety Authority established definitions for "foods for special medical purposes" (FSMPs) in 2015. Definition Medical foods, called "food for special medical purposes" in Europe, are distinct from the broader category of foods for special dietary use, from traditional foods that bear a health claim, and from dietary supplements. In order to be considered a medical food the product must, at a minimum: * be a food for oral ingestion or tube feeding (nasogastric tube) * be labeled for the dietary management of a specific medical disorder, disease or condit ...
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Krill Oil
Krill oil is an extract prepared from a species of Antarctic krill, '' Euphausia superba''. Processed krill oil is commonly sold as a dietary supplement. Two components of krill oil are omega-3 fatty acids similar to those in fish oil, and phospholipid-derived fatty acids (PLFA), mainly phosphatidylcholine (alternatively referred to as marine lecithin). Safety and regulation Although there may be toxic residues present in Antarctic krill and fish, the United States Food and Drug Administration has accepted notices from krill oil manufacturers declaring that krill oil and supplement products derived from it meet the standards for Generally Recognized as Safe (GRAS) status. Krill oil is listed among authorized European novel foods by meeting specification limits. Difference between krill oil and fish oil Krill oil and oceanic fish oil are rich in omega-3 fatty acids, mainly eicosapentaenoic acid (EPA) and docosahexaenoic acid (DHA). While both contain some EPA and DHA as free f ...
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