Israel’s plant-based yoghurt maker Yofix has secured a €100,000 grant from PepsiCo.

The company was one of ten finalists in the PepsiCo’s European Nutrition Greenhouse programme.

Headquartered in Ashdod, Israel, Yofix develops and manufactures vegan and soy-free fermented plant-based prebiotic and probiotic foods.

Yofix CEO Steve Grun said: “It’s been an honour to have been part of this year’s Nutrition Greenhouse programme and I’m delighted to receive the €100,000 grant for Yofix.”

“It’s been an honour to have been part of this year’s Nutrition Greenhouse programme and I’m delighted to receive the €100,000 grant for Yofix.”

At the time of announcing the names of the ten companies, PepsiCo noted that a company demonstrating the most scalable and sustainable market approach by the end of the programme would be awarded a €100,000 prize to continue its expansion.

Yofix was finalised by the selection committee after carrying out an extensive review.

During the programme, Yofix opened a production facility and charted its retail growth plan.

PepsiCo Europe and Sub-Saharan Africa innovation senior director David Schwartz said: “It has been a privilege to partner with another stand-out group of exciting, innovative entrepreneurs in the second year of our Nutrition Greenhouse incubator programme in Europe.

“Our vision remains steadfastly the same as when we launched in 2017, to support forward-thinking food and beverage start-ups deliver great-tasting, nutritious products to people around the world.”

Additionally, the PepsiCo provided a grant of €20,000 to each finalist to help them accelerate their business to the next level.