FoodSeed Accelerator: Unveiling Seven 'Made in Italy' Startups Ready to Revolutionize the Italian Agri-Foodtech Sector
Summary
The projects, showcased on the Demoday on November 13th in Verona, are ready to bring to the market solutions with a strong positive impact on the Italian FoodTech and Agritech sectors: from non-chocolate chocolate to prevention systems against water stress, to advanced fermentation via sound waves and the creation of organic products capable of extending the shelf life of products.Every startup received an initial investment of 170.000 euros - with the possibility of increasing up to 500.000 euros for the best performers - and benefited from a 6-month acceleration program to consolidate their business proposal.FoodSeed also offered a coaching and mentoring program that supports startups in building relationships and networking from an Open Innovation perspective. This aims to foster collaboration between these new enterprises and existing traditional entities, making it easier for them to find investors who believe in the importance of innovation to address crucial sustainability challenges in the food sector, the beating heart of the Italian economy. By leveraging reverse engineering, enzymatic treatments, and fermentation and roasting techniques, Freecao significantly reduces environmental and social impact, supporting our system, lessening the issues on cocoa cultivation, and aiding local businesses in the sector. A uniquely valuable product capable of stimulating and protecting crops.To ensure transparency in the food supply chain, Trusty offers industrial traceability services in environmental, social, and corporate governance domains. All of this is in favor of a culture of development linked to a careful, sustainable, and democratic use of new technologies.The acceleration program has also had a strong resonance in the rest of Europe, especially in those countries where the food sector already collaborates with industry innovation: 5% of the received applications come from Spain, France, Germany, Great Britain, and Switzerland.