East Asia has also become the region with the fastest economic development in the world and rapid improvement of people's living standards. Wang Yi said that over the past 20 years, China and ASEAN have actively acted on the purposes and principles of the Treaty of Amity and Cooperation in Southeast Asia, expanded mutually beneficial cooperation on all fronts, and successfully found the right path featuring long-term good-neighborliness and friendship, and common development and prosperity. ASEAN has thus seen the number of its dialogue partners keep increasing and its international status keeps rising. This move has showcased China's commitment to the diplomatic tradition of treating all countries equally regardless of their size, demonstrated China's firm support for ASEAN's development and growth, reflected China's policy of good-neighborliness and friendship towards its neighbors, and encouraged other major countries to join the Treaty of Amity and Cooperation in Southeast Asia in succession. China was the first to join the Treaty of Amity and Cooperation in Southeast Asia. Wang Yi said that 20 years ago, Chinese and ASEAN leaders jointly witnessed China's signing of the Treaty of Amity and Cooperation in Southeast Asia, and issued the Joint Declaration on ASEAN-China Strategic Partnership for Peace and Prosperity, marking a new stage in China-ASEAN relations. Also present were foreign ministers of ASEAN member states, representatives of ASEAN observer states, and ASEAN Secretary-General. “Our investment cycle will be around four to five years, so we are going to dedicate half of the fund in the first few years to our initial investments,” Barak-Landes added, “and then we are deploying the rest 50% for follow-on investments.On Jlocal time, Director of the Office of the Central Commission for Foreign Affairs Wang Yi attended the ASEAN-China Foreign Ministers' Meeting in Jakarta. These could be functional ingredients, food as medicine, sustainability, and regenerative agriculture,” Barak-Landes said. “On the high level, our investing thesis touches upon two complementary universes - planetary health and human health. Additionally, a robust entrepreneurial scene in Europe is expected to help FLORA’s future portfolio companies scale together when they enter the U.S. Moving forward, it will mainly focus on pre-seed, seed, and series A companies across Israel and Europe by writing an average check size of $1-4 million depends on the stage of each company, and evaluate potential deals based on its “3 Ps” principle - people, potential, and purpose, which respectively represent founders’ backgrounds, market size and projected returns, as well as future impact. “We’re talking about 850 startups, and some of the best agrifood companies here in Israel,” said Horsky.įLORA Ventures has so far invested a stealth mode startup Arrakis Bio that’s poised to revolutionize the production and utilization of human collagen and gelatin. The amped-up competition in the Israeli foodtech space has already created a ripple effect in the U.S., when Horsky was working for Mondelēz, during which the snacking powerhouse made a seed investment in Torr FoodTech.
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