The venture capital market is getting... beefier.

On Monday meat processor Tyson Foods announced it would be creating a $150 million venture capital fund designed to "fuel the future of food."

The fund, called Tyson New Ventures, will be looking for companies that are pursuing new ways to commercialize "delicious, safe and affordable alternative proteins," fight hunger and food loss, as well as tapping into the so-called "Internet of food" that uses technology and the internet to improve the food chain process.