March 16, 2020
After investing USD 5 million in an Isareli insect protein start-up , Flying Spark, Thai Union Group in Thailand, is now ready to launch the product in March. The company plans to spend USD 30 million on food innovation. It is collaborating with the National Innovation Agency and Faculty of Science, Mahidol University by encouraging 23 food tech start-ups from Germany, India, Norway, Singapore and Thailand. CEO Thiraphong Chansiri said the initiative is expected to produce 60 foodtech enterprises within three years.