Tate & Lyle, a London-listed sugar maker, has committed £30m ($50m) to its second corporate venturing fund that will have an eight-year investment period.

From January, Tate & Lyle Ventures II will invest in eight to 10 start-ups and expansion-stage companies in both developed and emerging markets in food sciences and enabling technologies to support the parent company’s strategy to grow in speciality food ingredients.

Karl Kramer, president of innovation and commercial development at Tate & Lyle, said: “We have…

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