By: NoCamels.com

Israeli identity validation startup Identiq, which helps companies overcome the online challenge of user verification, has won the 2024 Edison Award, a set of prizes handed out to top innovations and innovators, for top innovation for risk-based decisions in a fully private environment.

The Tel Aviv-based startup’s proprietary technology allows companies to jointly validate consumer identities in order to verify them without sharing or exposing any private data. Other solutions on the market today tend to rely on the need to reveal personal information or other sensitive data.

“Until now, companies have been unable to collaborate with peers to solve one of today’s most pressing issues: how can we trust that someone is who they say they are,” said Identiq’s CEO and co-founder Itay Levy.

“By creating a new standard in privacy with our fully anonymous identity resolution technology, we break down those barriers by keeping data fully private, while simultaneously ensuring that businesses and customers are safe from fraud and risk.”

The Edison Awards is an annual competition recognizing innovations across various sectors, including foodtech, security and healthcare, with companies from all over the world participating. Previous winners include industry giants such as Apple and Intel.

In other technology news, cow-free dairy products made by Israeli startup Remilk, which produces real milk proteins from yeast, have received a “letter of no objection” from Health Canada for the sale of products in the country.

This follows similar approvals from the US Food and Drug Administration (FDA), the Singapore Food Agency and the Israeli health ministry in 2023.

Remilk’s proprietary technology copies the gene responsible for producing milk protein and inserts it into yeast. The yeast is then instructed by the gene to create the milk protein, and it is placed in a bioreactor – a large specialist tank that mimics the environment the cells need to multiply rapidly.

The milk proteins can then be combined with vitamins, minerals, fat and sugar to make a variety of cow-free products such as milk, ice cream, yogurt and cream cheese. But unlike real dairy, it is free of lactose, cholesterol, hormones, and antibiotics.

According to Remilk, its products still maintain the taste of traditional milk and the production is more sustainable and eco-friendly, requiring less land, feedstock and water.

“This is an important day for us at Remilk, and a historic one for Canada as it opens its doors to the new dairy revolution,” said Remilk’s Co-Founder and CEO Aviv Wolff.

“We are now ready to partner with leading food companies in the country and offer consumers a whole new experience of guilt-free indulgence,” he said.

“Canada is the fourth separate health administration to conduct thorough examinations of our protein and each, individually, found it to be equivalent to its traditional counterpart,” said Co-Founder and CTO at Remilk Ori Cohavi.

Israeli startup ProFuse Technology has launched its new cultivated meat made from cells from bovine (cow) muscle tissue called PROFUSE-B8.

After two years of working on research and development, ProFuse has created cultivated meat without genetic modification, which according to the company, aligns with consumer preferences.

Working with its already existing technology, the process is meant to take less production time.

According to ProFuse, the cultivated meat can be mass produced and is cost competitive.

Currently, the startup is working on developing cultivated meat from different animal muscle tissues including chicken, pork, lamb and fish.

(NoCamels.com)