FoodSeed is an accelerator for start-ups developing new solutions or services for the FoodTech and AgriTech market, resulting from a joint initiative of promoters and investors CDP Venture Capital (through the Accelerators Fund), Fondazione Cariverona and UniCredit.
The project also involves Eatable Adventures, one of the world's largest specialised accelerators in the sector, as co-investor and operational manager of the programme. The Accelerator will also have the support of the corporate partners Axxelera, Amadori, Cattolica Assicurazioni (Generali Group), Veronafiere and the University of Verona as Scientific Partner.
The Accelerator is based in Verona and was founded with an initial budget of over 15 million euros (of which 12 million allocated by CDP Venture Capital, Fondazione Cariverona and UniCredit, and 3.24 million allocated by Eatable Adventures) for acceleration investments and for the subsequent start-up growth steps, FoodSeed will promote and guarantee the implementation and development of companies operating in the Agrifood Tech sector, with the aim of developing one of Italy's leading innovation ecosystems in the fields of sustainable agriculture, Food & Beverage and the Circular Economy.
The programme, whose operations are managed by Eatable Adventures, will select - each year for the next three years - up to 10 Italian or international start-ups that intend to set up a registered office in the local market in the seed and pre-seed phase and that work on new approaches and services for the automation of production processes, new ingredients, new ways of implementing sustainable agriculture, innovative digital sales and packaging models.
The selected start-ups will have access to a 170,000-euro pre-seed ticket with a follow-on option of up to 500,000 euros and will take part in a six-month acceleration programme aimed at validating products and business models to support the go-to-market.
The call for start-ups for the first FoodSeed acceleration programme closed on 16 April 2023.
For further information, visit www.foodseed.it