In September 2021, the Technion, the Carasso family and the Carasso Motors company announced the establishment of the ” Carasso FoodTech Innovation Center.” The center will be used to promote technologies and innovation in food, enhance the teaching, and promote applied research and development in the Faculty of Biotechnology and Food Engineering at the Technion. “Eradicating world hunger and improving food security are among the main challenges facing humanity in the 21st century, as defined by the UN’s Sustainable Development Goals,” said Technion President Prof. Uri Sivan. “The Technion has the only faculty in Israel for research in food engineering, a faculty that leads the Israeli FoodTech industry.”