Applications Now Open For FoodTech Accelerator, The Global Corporate Accelerator Powered by Deloitte Officine Innovazione
Applications are open until September 30th 2019 for the Foodtech Accelerator: the global open innovation initiative based in Milan and dedicated to innovative projects and startups in the food and retail sectors.
The accelerator selects up to 10 best-of-breed startups to supercharge food innovation and match Corporate Partners business needs. The aim is to accelerate concrete industrial pilot projects together in a 15-week program.
The call: open to companies around the globe established or being set up to innovate in the field of food production and distribution: new foods, quality and traceability of food, healthy lifestyle, circular economy, new delivery models, smart packaging, and precision agriculture.
The program: a hands-on learning experience and out-of-the-building approach to successfully transform ideas into innovative products working directly with expert mentors and corporate executives. Selected startups will validate and scale their business faster to enable MVP and PoC testing.
Initial investment: access to €20k in cash contribution and €50k in services, directly invested by the Partners of FoodTech Accelerator, in exchange for up to 6% of your equity.
Investments: the program ends with the DemoDay. The 7 startups will be presenting their outcomes to selected investors invited by Deloitte and its partners. Corporate Partners have already confirmed their willingness to make additional investments of up to 1 million euros.