“Diversified from old years, for FoodBytes! Pitch 2021 we actively sought out and recruited startups to prepare who had been innovating on the forefront of sustainable provide chains, improved resource administration and the next frontier of weight loss program. All of which would be focal point areas for our corporate and investor community, creating relevancy and urgency in imposing and accelerating alternate,” Anne Greven, head of meals and agriculture innovation at Rabobank, told FoodNavigator- USA.
The rivals are divided into three courses: CPG, meals tech and ag tech, however all replicate interesting values and concerns which accumulate been exacerbated by COVID-10.
Within the CPG space, “we’re seeing a kind in direction of consolation, health and sustainability,” stated Greven, adding : “This 12 months’s startups are answering the patron attach a question to for ‘choices’ by the lens of the pandemic connected or inspired habits – searching out for added ‘better for you’ strategies, plant-primarily based mostly ingredients and immunity boosting foods.”
As an instance, the frozen meal and scorching sauce discover AYO Foods and the drinks supplied by Ginjan Bros makes flavors and ingredients from Africa extra accessible globally, whereas the brain meals tech company Ārepa, the hypersensitivity-introduction discover Lil Mixinsand the electrolyte and antioxidant- packed beverage discover Pricklee Cactus Water offer evolved weight loss program and technology strategies.
Advancing sustainability in CPG are the New York-primarily based mostly Seconds, which upcycles veggies into snacks, Australian-primarily based mostly Colossal Wrap, which makes a compostable hang wrap fabricated from meals ruin, and Your Meals Collective, which brings carbon obvious meals to customers’ doorways.
Within the terminate , CPG rivals taking half in the quick-paced and increasing plant-primarily based mostly section are milk-different producers Correct and Ulu Hye, meat-different producers Hooray Foods , Fantasy Meals and Plantcraft, and vegan gelato maker )Nubocha. California-primarily based mostly The total kind down to Cook—additionally moves new greens to the heart of the plate.
Meals tech is ‘all about revolutionizing provide chains’
Within the meals-tech class, Greven stated, “it’s all about revolutionizing provide chains, especially in proven mature spots as a result of the pandemic. Our chosen startups are offering amazing strategies for the kind forward for the replace at every interval.”
This entails enhanced meals security and traceability strategies, different protein, enhanced weight loss program technologies, and packaging innovations. Grouped by core offering, rivals in this class, encompass:
Meals Security & Traceability: Marble Applied sciences, Agnext Applied sciences, Galley Solutions, Inc., ProfilePrint, and Xnext.
- Change Protein Expertise: Completed Successfully, California Cultured, and Biftek INC.
- Nutrition Expertise: Biolumen, The Reside Inexperienced Co, and Paragon Pure.
- Packaging Innovations: Cruz Foam, SoFresh, Inc., Papkot, and Kiinns .
- Ag-tech provides on-farm strategies to local climate alternate & provide chain weaknesses
Within the terminate, FoodBytes! welcomes 15 ag-tech companies inflamed about provide chain optimization, regenerative and precision agriculture, unique farming strategies and packaging innovations.
“Upstream startups are inflamed about constructing cleaner inputs on-farm and creating greater connectivity between producers and suppliers. These startups are aiming to take care of the pressures of local climate alternate, to boot to resolve for provide chain disorders exposed by COVID-19,” Greven stated.
Competitors in this space encompass:
- Provide Chain Optimization : AgriDigital and
AgUnity.Agbiotech, Biopesticides & Livestock Administration: Syocin Biotech,Nanomik Applied sciences , SwineTech,BioLevelVytelle , and 3Bar Biologics Inc..
- Regenerative Agriculture & Precision Agriculture: Lucent BioSciences, ThinkBio and Greeneye Expertise.
- New Farming: Aqua Construction andIGS Ltd.
- Robotics & Automation : QuallySense AG. Packaging Innovations: SBM-Transpirational.
The 45 companies will receive per week of in-depth mentoring and coaching forward of being winnowed all the kind down to 15 startups – 5 CPG, 5 meals-tech and 5 ag-tech – that will publicly pitch Nov. 10 for a gamble to blueprint end one in every of three awards in every sector.
This 12 months’s rivals had been chosen from 370 applicants hailing from 15 countries and list a diverse vary of views with extra than 50% led by females or BIPOC founders.
Overcoming barriers to super scale adoptionFoodBytes! is increasing
Taking a step serve from the rivals, Greven says she sees doubtlessly the most doable for modern companies constructing strategies that commercialize emerging systems of sustainable meals production, however, she added, “we need important extra focal point on pushing aside identified barriers to super scale adoption.
Greven says she additionally survey most valuable doable for “meals technologies which accumulate a demonstrable functional relieve … to take care of a market of extra and further health-conscious customers.”
She outlined: “Applied sciences innovating in this space will differentiate themselves from unique ingredients and processes that exist purely on sage of it is miles scientifically probably. Scaling functional foods requires corporate collaboration to lift prototypes ‘off the bench’ and employ commercial manufacturing capabilities.”
Within the terminate, Greven says an emerging space the place she sees the most valuable unmet attach a question to is for sustainable packaging strategies.
“Cruz Foam, one in every of our meals tech startups, is a bio-fabric company that is producing compostable, sustainable choices to plastic polystyrene foam, at a same tag point and performance,” Greven stated. “Alternatively, Colossal Wrap, one in every of our CPG startups, is offering a same solution allege to customers – to be capable to position plastic out of industry, their family hang wrap is made possess meals ruin.”
Rabobank’s FoodBytes! platform is extra than accurate a pitch rivals – it is miles an integrated networking and schooling platform
that provides 12 months-spherical alternatives for established and emerging Meals and beverage replace avid gamers to join by webinars and a range of neighborhood-building events which would be fragment of the FoodBytes! Pilot program.
The FoodBytes! Pilot program fosters lengthier six- to nine-month collaborations between startups and corporate members, and builds on the FoodBytes! Pitch competitions.
Since redesigning the platform to higher foster the FoodBytes! Pitch and FoodBytes! Pilot applications closing 12 months, corporate members, including investors, service suppliers, and globally meals and ag companies, accumulate climbed 120%, per Rabobank. And since 2017, their investments in FoodBytes! alumni accumulate climbed to almost $216m.
FoodBytes! alumni accumulate constructed on the connections and their success in this design to acquire extra funding – including a “hallmark” investment 12 months to this point in 2021, whereby startups in the community raised extra than $500m in the first six months of the 12 months – extra than all of closing 12 months.