Thai Union is committing US$30 million (910 million baht) to a venture fund for food tech innovations like alternative proteins, functional nutrition and value chain technology.
The fund has invested in Flying Spark, an Israeli startup that makes food for human consumption out of sustainable larval insects. The company promises technology that enables easy and low-cost cultivation and processing, with almost no waste.
Thai Union plans to invest further in entrepreneurs and will partner with these companies to support and accelerate their development.
"In recent years, Thai Union has made significant investments to become a leader in seafood innovation and sustainability," said Thai Union chief executive Thiraphong Chansiri. "As we move into the coming decade, we will increasingly cooperate with innovative startups in strategically interesting areas."
Thai Union previously opened an incubator and accelerator for food tech startups called Space F alongside Thailand's National Innovation Agency and Mahidol University.