Eatable Adventures’ Post

In an article posted on TECH'EU last month, Tamara Djurickovic reports on the top 10 European foodtech industries and why these companies are well worth investigating in 2024. This is based on tech.eu’s annual report, which found that European foodtech companies made over 150 deals, raising over €700 million. Although the total investment does not place European foodtech industries among the top 10 most funded sectors, this industry was among the top 8 securing monetary deals, which according to Djurickovic, makes these 10 companies highly interesting to at least keep an eye on in 2024. These top 10 European foodtech industries include: Umiami, Meatable, Uncommon, BLUU Seafood, GoodBytz, Paleo, Solar Foods, Dreamfarm foods, Nosh, Adamo Foods.  #foodtech #2024opportunities #foodinnovation #startups #futureoffood #venturecapital #innovation2024 https://lnkd.in/e-nZ57QQ

A new EIT Food report has found that there are significant disparities within the CEE region, in terms of the size, venture capital activity and growth momentum of startups in the FoodTech and AgriTech fields. "In recent years, the [CEE] region has witnessed a surge in technological innovations, bringing forth a wave of advancements that hold the promise of enhancing efficiency, productivity, and environmental sustainability across the agrifood value chain," commented Marja-Liisa Meurice, director, EIT Food North and East Region. #cee #foodtech #agritech #startups #eitfood https://lnkd.in/e7YKDYnU

📢 Tomorrow, join this online #food session and discover 7 Spanish promising #startups including BioMixing S.L., our 2023 Alumnus. Powered by Swiss Food & Nutrition Valley Discover more and register below 👇 💡 The Foodtech ecosystems in Spain 🇪🇸 and Switzerland 🇨🇭 thrive on vibrancy, driven by factors such as quality, #innovation, substantial venture capital investments, and robust government support. These elements collectively contribute to making both countries highly attractive for companies and startups and open up the space for synergies and complementarities. https://lnkd.in/ej3DmP4i

🦄 🗺️ 59 #FoodTech unicorns in 2024 As for each year, we have mapped all AgriFoodTech unicorns with DigitalFoodLab in a report. It shows 3 main evolutions: 1️⃣ main reason to be interested in unicorns: combined, they give a snapshot of the health and state of the ecosystem 2️⃣ reasons for hope => The largely successful IPO of Instacart in 2023 (leaving this mapping for good reasons) => New unicorns are still appearing in different geographies and categories such as aquaculture (eFishery, Indonesia), restaurant management software (Restaurant365, USA), genomics for agriculture (Inari, USA) or quick-commerce (Zepto, India) 3️⃣ Strong weaknesses: => They were 62 in 2023, indicating how things are doing. => 10 to 15% of the remaining startups are "zombie unicorns" which have made undisclosed rounds of financing below the $1B mark. Again it shows the weaknesses in the ecosystem => This mapping was made a few months ago, and already new companies have lost their unicorn status without being replaced by new ones. 👉 Here is the list of all unicorns and and the report, free to download: https://lnkd.in/dXjQgFwz #foodtech #agtech #unicorn #startup

The seven startups selected for the 1st edition of the FoodSeed Accelerator program, part of the CDP Venture Capital SGR National Network, are finally revealed! 🎉 With funding exceeding €15 million, up to ten startups per year will be selected over three years to boost growth in one of Italy's most important innovation ecosystems, focusing on Sustainable Agriculture, Food and Beverages, and Circular Economy. Foreverland Food, Regrowth, Soonapse srl, Agreen Biosolutions Srl SB, Trusty, Agree NET  , and Hypesound received initial funding, mentoring, and coaching for 6 months of acceleration to drive innovation and sustainability in Italy's agrifood sector. During the #demoday in Verona, the seven finalists were able to showcase their cutting-edge solutions including chocolate alternatives, water stress prevention, and advanced fermentation to a broad audience of investors, corporations, stakeholders, and more. 👏 🍃 FoodSeed receives support from promoters and main investor partners Fondazione Cariverona, UniCredit, and Eatable Adventures, along with corporate partners Amadori, Generali Italia, #axxelera, Veronafiere, and scientific partner University of Verona. The call for startups participating in the 2nd edition of FoodSeed will open in February 2024. 🚀 Read more about their groundbreaking solutions here 👇 https://lnkd.in/dYYvmrNJ

A new EIT Food report has found that there are significant disparities within the CEE region, in terms of the size, venture capital activity and growth momentum of startups in the FoodTech and AgriTech fields. "In recent years, the [CEE] region has witnessed a surge in technological innovations, bringing forth a wave of advancements that hold the promise of enhancing efficiency, productivity, and environmental sustainability across the agrifood value chain," commented Marja-Liisa Meurice Pihlstrom, director, EIT Food North and East Region. #cee #foodtech #agritech #startups #eitfood

Finally, the seven startups selected for the 1st edition of the FoodSeed Accelerator program, part of the CDP Venture Capital SGR National Network, were unveiled yesterday at the #demoday, in Verona. With funding exceeding €15 million, up to ten startups per year will be selected over three years to boost growth in one of Italy's most important innovation ecosystems, focusing on Sustainable Agriculture, Food and Beverages, and Circular Economy. Foreverland Food, Regrowth, Soonapse srl, Agreen Biosolutions Srl SB, Trusty, Agree NET , and Hypesound received initial funding, mentoring, and coaching for 6 months of acceleration to drive innovation and sustainability in Italy's agrifood sector. During the demo day, the seven finalists were able to showcase their cutting-edge solutions including chocolate alternatives, water stress prevention, and advanced fermentation to a broad audience of investors, corporations, stakeholders, and more. FoodSeed receives support from promoters and main investor partners Fondazione Cariverona, UniCredit, and Eatable Adventures, along with corporate partners Amadori, Generali Italia, #axxelera, Veronafiere, and scientific partner University of Verona. The call for startups participating in the 2nd edition of FoodSeed will open in February 2024. Learn more here ⬇ https://lnkd.in/dSqebmbq

Areas is extending the deadline to participate in the second edition of the Areas for Change Challenge powered by Eatable Adventures. Are you a trailblazing foodtech startup ready to make a difference? This is your chance! They are looking for innovative proposals who can deliver real sustainable solutions to the following challenges: - Tackling food waste in restaurants through recycling and upcycling coffee, oil, fruit and packaging. - Advancing digital and robotic water management for resource and cost savings. - Implementing ‘use & return’ packaging models with cutting-edge digital solutions for sustainability. The deadline for participation is 19 December. Learn more and register at areasforchange.com #AreasforChangeChallenge #Startups #FoodTech #EatableAdventures #Innovators

Private funding for food technology (foodtech) startups in Southeast Asia dropped to an at least four-year low of $21.6 million in 2023 as investors lost their appetite for the sector amid a broader slowdown, reveals DealStreetAsia – DATA VANTAGE’s State of Foodtech in SE Asia 2024.

🎉 𝗧𝗵𝗲 𝗚𝗮𝗹𝗶𝗰𝗶𝗮𝗻 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗙𝗮𝗰𝘁𝗼𝗿𝘆 𝗮𝗺𝗼𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲’𝘀 𝗧𝗼𝗽 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗔𝗰𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗼𝗿𝘀 𝗶𝗻 𝟮𝟬𝟮𝟰! 🌟 🏅 We are thrilled to announce that the Business Factory Food (BFFood), part of the Food-scalEUp project, has been ranked 57th in the prestigious "Europe’s Leading Startup Hubs 2024" report by The Financial Times and Statista! 🔎 BFFood, the Galician accelerator dedicated to the food sector and promoted by the regional government in partnership with Galicia Food Cluster, stands out as one of the youngest programmes on the list, having been established in 2019. This recognition is a testament to our hard work and commitment to fostering innovation and growth in the food industry. 🚀 The report, released this March, identifies the top 125 business acceleration programmes in Europe through extensive research, public calls for participation, surveys, and detailed analysis. Out of several thousand candidates, BFFood has emerged as a key player in the startup ecosystem. 💪🏻 With the invaluable insights gained from Food-scalEUp and our collaborations with other European and international accelerators, we are poised for even greater achievements! 📈 Let’s continue to drive innovation and success in the food sector together! 𝘍𝘰𝘰𝘥-𝘴𝘤𝘢𝘭𝘌𝘜𝘱 𝘱𝘳𝘰𝘫𝘦𝘤𝘵 𝘪𝘴 𝘪𝘮𝘱𝘭𝘦𝘮𝘦𝘯𝘵𝘦𝘥 𝘣𝘺 𝘵𝘩𝘦 𝘧𝘰𝘭𝘭𝘰𝘸𝘪𝘯𝘨 𝘱𝘢𝘳𝘵𝘯𝘦𝘳𝘴: Galicia Food Cluster, AgriFood Capital, Cein, Central Transdanubian Regional Innovation Agency, Food-Processing Initiative e. V., Foodvalley NL, Innov'Alliance - Le pôle de compétitivité de la Naturalité Agroalimentaire Nutraceutique Cosmétique Arômes Parfums, Valorial, le réseau innovation agri-agro, Technopole Quimper-Cornouaille & Normandie Incubation. European Innovation Council and SMEs Executive Agency (EISMEA) #EUInnovationEcosystems #HorizonEU #SMEs #innovation #startup #SS4AF #agrifood