Cherry tomatoes are known to be an Israeli pride, but this time there seems to be another reason to celebrate. The Israeli company NRGene has announced the signing of a cooperation agreement with the Japanese company Mitsui (which is traded on the Tokyo Stock Exchange at a value of $ 36 billion). The potential market size of the varieties to be developed, stood at about $ 25 million in 2020 and shows high growth rates.
Dr. Gil Ronen, Founder and CEO of Energy said: “We are proud to update on an agreement with the international seed company Top Seeds International Ltd. which is a subsidiary of the giant Japanese corporation Mitsui & Co. Ltd., for a joint research and development and subsequent commercialization of cherry tomato varieties.
Artificial intelligence capabilities
Energy will lead the research stages and Top Seeds will lead the product development, business development and commercialization stages. In fact, it is an agreement for the joint development of a new variety of cherry tomatoes.
"This project will be further proof that the use of artificial intelligence tools can significantly shorten the improvement process and enable the development of elite varieties, in half the time accepted in the seed market. A significant contribution to the future growth of the company. "
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