Hargol FoodTech featured in international media
Hargol appeared in an interview with the founder of Sirius Venture Capital Eugene Wong, MD, and as part of a report on impact investing by the Israel Innovation Authority.
Interview – Eugene Wong, Founder and MD, Sirius Venture Capital
By Jaime Ee, The Business Times (13 December 2019)
So the obvious question is: Why grasshoppers?
Four years ago, I felt that the global technology disruption would come into the food space. I was a board member in the AVA (Agri-Food and Veterinary Authority) for seven years and my view is that Singapore needs to be food self-sufficient. We don’t produce anything but with technology we can be self-sustaining. So I invested in an Israeli startup Hargol, which farms grasshoppers. There are already a billion people in the world who eat insects as a staple – Thailand, Zimbabwe and Mexico. You can even find grasshoppers in Japan but it’s very expensive, over US$100. It’s a clean, alternative source of protein. With an ageing population, growing heart problems and high cholesterol issues associated with meat, insects are a viable solution.
Revolutionary Solutions for Hunger Prevention
Food Security in a World with Dwindling Resources
From the Impact Investing report, Israel Innovation Authority and published in Israeli daily Calacalist.
1 Billion People in Africa and Asia Suffer from Protein Deficiency
Insurance of agricultural produce is a good means of providing the world’s citizens with food security, but this also requires new food sources or substitutes for foods that are gradually dwindling. This is where the Israeli Hargol FoodTech company comes into the picture. Hargol has developed a method for mass production of edible grasshoppers that serve as a substitute and available source of protein.
Dror Tamir, the company’s founder, still remembers his grandparents’ stories about the swarms of locusts that descended upon the fields of Kibbutz Ma’anit where he grew up, and the efforts of the kibbutz members to drive them off by banging on pots and pans. At the same time, the Algerian, Moroccan and Yemenite families who joined the kibbutz would rush to collect the insects that they considered a nutritious delicacy.