The selection was confirmed at AmCham's annual General Assembly, attended by US Ambassador to Israel Tom Nides.
Israel's Sonovia said its D(y)ENIM indigo yarn dyeing ultrasound technology reduces water and hazardous waste in production by more than 85%.
The prize money will be allocated towards Venatata's 100 Gardens Project, which aims to establish 100 therapeutic gardens across Israel.
The purpose of the project is to draw attention to the potential of cultured meat and move people away from meat-eating.
The forum will convene once a year and will focus on the global effort to solve the global water shortage, which has affected numerous countries worldwide.
A report has found that interest in food-tech and specifically alt-protein is still present despite greater slowdown through the Israeli tech market.
Arçelik is the global leading consumer durables and electronics manufacturer and the owner of Beko and Grundig,
The SPRC will facilitate academic research in the alternative protein field, adding more value to an already burgeoning market.
This makes New York the sixth state in the US to legalize the eco-friendly burial method.