Spain is a major power in the agri-food sector worldwide, a strategic sector in our economy (representing 9.2% of GDP and 11.9% of employment). The technology applied in this sector is creating a revolution, with more than 400 Foodtech startups. In this context Spain FoodTech Startups Program was created as an acceleration program promoted by Eatable Adventures, with the purpose of supporting the development of foodtech projects with a solid technological base. The program is supported by the National Center for Food Technology and Safety (CNTA) and ICEX Spain Export and Investment.
5 startups were selected and, for 6 months, had a personalized acceleration plan with the support from CNTA, focusing on achieving their technological development and consolidation.
The agri-food startups with disruptive technology selected for the program are:
COCUUS: presents its MimETHICA platform, designed for large-scale bio-printing of plant-based products analogous to traditional animal protein products. Winner of the Foodtech Startup Forum 2021, organized by Food4Future in Bilbao.
MOA: combines biotechnology and artificial intelligence to convert waste and by-products from the agri-food industry into a ”next generation protein” with high nutritional value and 100% sustainable.
INNOMY: has developed a range of animal protein substitute products based on the cultivation of mushroom mycelium.
H2HYDROPONICS: designs, operates and delivers at full capacity hydroponic vertical and indoor farming facilities in countries with extreme climates.
PROPPOS AI: applies artificial intelligence and computer vision to offer a cashierless solution in foodservice and supermarkets. Winners of the award given by the Basque Culinary Center at the Food4Future event.
Spain Foodtech is part of Eatable Adventures’ mission to build the food companies of the future. Mila Valcárcel, managing partner of Eatable Adventures, talks about the program: “We have five participants who have completed the program. The results are an absolute success. The value of the startups has multiplied by 6.3 during the program.”
Eatable Adventures is one of the world’s top three food tech accelerators, has a global community of over 25,000 members, an international network of partnerships with incubators, accelerators, foodtech and agritech events, academia, investors and governments.
Spain Foodtech Demo Day
The 5 finalists startups showcased their developments during the Spain Foodtech virtual demoday after an introduction about the Spanish ecosystem and the program results explained by Eatable Adventures CEO José Luis Cabañero.
Video link: https://www.youtube.com/watch?v=soflhFuRoCQ