With incubation comes disruptive innovation.
What are Incubators?
Foodtech Incubators are programs with the purpose of supporting early-stage startups in the food technology industry to develop from conception. Also, incubators help entrepreneurs solve problems commonly associated with running a startup. These include providing workspace, seed funding, mentoring, training, and more. The unique purpose of a startup incubator is to help entrepreneurs grow their businesses.
Furthermore, incubators are a great way for startups to develop their business and are the push needed to transform an idea on paper into a real business. Although they exist in practically all sectors, we will focus on a few of the incubators that help startups in the foodtech industry.
Examples of Foodtech Incubators
Mylkcubator is the first global incubation program for cellular agriculture technologies in the dairy industry. Truly, its purpose is to support highly innovative startups specializing in the transformation of the food value chain for the production of dairy alternatives using cellular agriculture.
Each year, up to 10 startups will be chosen to join the 6-months hybrid incubation program. Moreover, once selected the participants will be able to test their products thanks to the global network of mentors available. Plus, access virtually or physically first class R&D technologies and facilities.
Myllkubator is led by Pascual Innoventures, the open innovation arm of Pascual, a dairy giant in Spain. Pascual Innoventures immerses itself in the entrepreneurial ecosystem to create alliances with startups that share the same philosophy. Also anticipating global food needs and giving back to society. The program is a joint effort with a leading strategy partner, Eatable Adventures, and a technology partner, CNTA.
Spain FoodTech is a high-performance accelerator program very similar to an incubator. It aims to support the development of Spanish startups, from inception to market launch, in the agri-food-tech field. These startups will then be capable of competing on a global scale and become a benchmark in the sector, helping to position Spain as a technological leader in agri-food-tech.
The Spain FoodTech Startups’ Program is led by Eatable Adventures and has the technological support of CNTA and institutions such as ICEX and Food for Life. In addition, the leaders of the Spanish agri-food value chain have been involved in its development, as well as investors specialized in the sector, both national and international.
The Strauss-Group, an Israeli company that plays a leading role in the global food market, founded The Kitchen. The incubator addresses global food challenges by harnessing Israel’s renowned innovation ecosystem. Additionally, their mission is to make the world’s food chain more productive, affordable, sustainable, and healthy by investing in and nurturing cutting-edge technology startups.
In addition to capital investment, the incubator provides startups with benefits such as close mentorship from the incubator’s team; access to expertise and know-how from within the Strauss-Group and its partners; connections with global F&B companies, plus access to international investors.
Their vision is: Better Industry; Better Food; Better World
ProVeg is a leading international food awareness organization working across four continents, with global reach and ambition.
Indeed, the incubation program has worked with over 40 startups from all over the world since launching in 2018, raising more than €18 million and launching over 40 products. Moreover, this program equips entrepreneurs with the tools and contacts needed to secure investment, grow their businesses, and take them to market. In total, the program lasts three months and includes expert-led workshops, talks, industry meet and greets, and exclusive events.
ProVeg offers €20.000 in working capital with the potential for additional funding of up to €180.000 after completing the program. In addition, startups benefit from one-on-one mentoring and access to expert networks.
Kitchen town is a global innovation platform that helps develop, launch and commercialize, impact-driven and transformational food products. Truly, they support the startup teams with bold and creative ideas. The company helps startups create trustful brands, new experiences, and technologies that address relevant challenges in the food industry.
KitchenTown San Francisco was founded in 2014 in the San Francisco Bay Area, USA. The second location in Berlin is amplifying the European food startup scene. The Berlin location opened in October 2019 and will house a commercial scale-up facility, product development lab, and co-working space. Additionally, KitchenTown Berlin will launch an accelerator program that will support food startups with professional expertise and €30,000 of pre-seed funding.
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