Tag Archive for: startups

Colombia Foodtech

Colombia Foodtech Acceleration Program boosts Latin American foodtech startups in its first cohort

First edition of Colombia Foodtech Acceleration Program kicks off, organised by Vertical-I, Colombia’s Center of Excellence in Innovation Systems, and Eatable Adventures, a food technology accelerator.

Colombia Foodtech Acceleration Program has started its first edition led by Vertical-I, Centre of Excellence in Innovation Systems in Colombia, in alliance with Eatable Adventures, one of the world’s leading agrifood accelerators. This programme aims to develop and strengthen the entrepreneurial ecosystem of the agri-food industry in Colombia, which is known as the “Innovation Hub of Latin America”. As a matter of fact, according to the Organisation for Economic Growth and Development (OECD), Colombia is the third most entrepreneurial country among its 34 members, behind only Chile and Korea, and is one of the few countries in Latin America with two unicorns.

Furthermore, the agri-food sector is a strategic vertical for Colombia, since this industry, led by the food and beverage area, is one of the main manufacturing sectors in Colombia and in the Department of Atlántico, accounting for 29.3% of the country’s gross production (EAM, 2021). These data reflects the market’s interest in promoting innovation and applying new technologies in the sector, creating a solid and competitive industry and entrepreneurial ecosystem on a global scale.

Mila Valcárcel, Managing Partner and co-founder of Eatable Adventures, has highlighted Colombia’s strategic position on the Latin American map to develop the agri-food industry globally. “Colombia is a strategic market to accelerate the transition of the food system, thanks to the strength of its agri-food industry, at the forefront of innovation. As part of our partnership with Vertical-i, we are launching an incubation and acceleration programme that adds to over 10 programmes that we have already developed for corporations, governments and our own. We believe it will be a great opportunity for startups in the country, and we are confident that this will be the engine of a new generation of Foodtech startups in Latin America that will help us drive the transition of the food system globally”

Eatable Adventures is expanding its operations on four continents and creating a global ecosystem of more than 25,000 founders and entrepreneurs in order to consolidate its growth in the international market.

For his part, José Polo, CEO of Vertical-i “This disruptive and pioneering programme in Colombia will have an intensive work plan for 4 months. Upon completion of the first cohort, we intend to make a second version, so as to empower more startups with this Vertical-I initiative, which aims to provide an effective way of connecting entrepreneurs and entrepreneurs who have a broad vision of business, growth, and innovation. Those who are constantly seeking to expand their products and services, as well as those who want to share their expertise or contribute to the growth of the sector, will be able to connect with us effectively”.

As part of the first cohort of this program, 5 startups specializing in developing new products with healthy properties will work in a high-impact program supported by the governmental entity Gobernación del Atlántico, Vertical-I, and the General System of Royalties. The following companies will work in a specialized high-impact program that will help them scale and gain investors and customers: Amande Cocina, Albesa de Colombia, Cron Foods, Mimi Día and Spiga Food.

More information at https://colombiafoodtech.com/

Areas for Change Challenge

Areas for Change Challenge, the new opportunity for the food & beverage’s startups ecosystem in travel retail

Areas challenges the international entrepreneurial community to find real solutions related to sustainability, gastronomy, and digitalization challenges within the industry of food & beverage and travel retail.

 

Areas, the global leader company that manages restaurants and convenience stores at airports, train stations, and motorway travel plazas and which operates in 10 countries, has launched Areas for Change Challenge, its first Startups Challenge, to identify specific and feasible solutions to respond their business and sectorial challenges within the industry of food & beverage and travel retail, especially in terms of sustainability and consumer experience. 

The company has launched this new initiative in the framework of its ESG strategy ‘Areas for Change’, which focuses on three main pillars: People, Planet and Future. With this program, and in collaboration with Eatable Adventures, one of the leading global Foodtech accelerators, Areas is looking for startups delivering real solutions to the following challenges:

  • People: healthier products for breakfast and grab & go moments on the move
  • Planet: solutions for managing the waste generated in the Areas’ restaurants
  • Future: digital or robotic solutions to improve efficiency

The selected startups will have the opportunity to work with a leading company in the sector and access its international network: a 3-month pilot program in Areas’ locations at a global level; product placement expertise in Areas’ most relevant points of sale; support in go-to-market strategies with Areas professional team, consumer insights analysis by Areas expertise; investment for your project to take off and a potential future agreement to become a supplier.

According to Oscar Vela, CEO at Areas, “Areas promotes this challenge to find solutions that will reinvent the sector of travel retail and will help to promote a greater environmental commitment and experience for the travelers. We look for solutions that respond to the great challenges that we will face in the travel retail industry in the next years”. 

In words of Itziar Ortega, Senior VP of Global Operations at Eatable Adventures “We are very excited to launch this new challenge with a leading innovation company with an international presence such as Areas. The selected startups will have the great opportunity to scale and expand their business by working with a global leader in the travel retail sector, having access to all its know-how, infrastructure and network of points of sale. Thanks to the commitment of partners like Areas, we continue to accelerate the industry’s transition to a much more sustainable and efficient model.”

Those startups that are Interested in taking the market to the next level can register here: https://areasforchange.com/challenge/