Startupbootcamp, the global industry-focused startup accelerator, today announced the launch of Startupbootcamp FoodTech, the first global and independent foodtech accelerator in the world, which will be based in Rome, Italy.
The program will support and scale 10 technology companies innovating and disrupting the food industries. The program is supported by top partners such as Gambero Rosso, LVenture Group, Monini, Cisco, M3 Investimenti and others. Apply now to be part of this new program.
“Food represents the largest consumer market in the world,” said Paolo Cuccia, President of Gambero Rosso, the main advisor to the program. “New generations of increasingly low-cost technology hardware and software are challenging and disrupting the traditional models of producing, packaging, marketing, selling, delivering, securitizing, tracking, eating and recycling. Emerging innovations in software, AI, e-commerce, big data, IoT, bio-tech, blockchain, VR/AR, wearables, drones, 3D printers and robotics are entering the market and radically transforming the way companies operate,” added Mr. Cuccia.
According to research from Business Insider, the global food chain is expected to see 285 million IOT devices implanted by 2020, of which 75 million directly into farms.
“The food sector provides great opportunities for investors and entrepreneurs as it is still widely open to “disruptive” innovation”, said Luigi Capello, CEO of LVenture Group, holding company listed on the MTA of the Italian Stock Exchange, among the leading venture capital operators investing in early stage digital startups. “Overall, VC investments in foodtech startups are considerably increasing with $5.7B raised only in 2015 and an annual growth rate of +152% over 2014 (Source: CB Insights, 2016). Foodtech is likely to become one of the hottest markets for investors and, considering the excellent Italian quality in the agri-food sector, we are expecting a very positive trend in our country”.
The Startupbootcamp FoodTech accelerator program aims at becoming the top global destination for foodtech entrepreneurs and investors. The program will provide startups with direct access to key connections in the industry, including:
100+ mentors from companies such as Facebook, Amazon, Cisco, Google, Intel, Salesforce, The Fork (a Trip Advisor company) and many more;
1.000+ angels and VCs like Accel, Endeit, Earlybird, Sunstone, Google VC and many more;
200+ influential players in the food industries as well as leading foodtech industry experts.
Through this tailored global network, Startupbootcamp FoodTech will accelerate the selected startups to achieve in 3 months what normally would take 18 months.
Startupbootcamp FoodTech is the first global international accelerator to launch its operations in Italy. The accelerator program will be led by business angels and serial entrepreneurs Peter Kruger (CEO and founder) and Paolo Cuccia (Chairman & Co-founder) with the support of global leaders in the industry.
“Italy is a global leader in food experience and production,” said Zefferino Monini, President of Monini S.P.A., Italy’s largest olive oil producer and one of the main partner to the program. ”Italy is also a leader in the manufacturing of consumer and industrial food processing equipment. Our main goal is to leverage the demand for innovation in the Italian and international food industries, to offer foodtech startups from all over the world the fastest access to growing their business”.
“Agrifood is one of the most important industries in Italy and we believe that technology is key to strengthen our excellence” said Agostino Santoni, General Manager of Cisco Systems Italy. “We are ready to support the growth of the Italian foodtech innovation ecosystem, through initiatives where startups, industry, academia can meet, looking for talent and ideas that can scale on an international level”. Cisco will be supporting the Startupbootcamp FoodTech FastTrack tour, a series of ten ecosystem events across the globe.
“This week Italy sets itself firmly at the center of the global foodtech arena” said Peter Kruger, CEO and founder of Startupbootcamp Foodtech. “While Milan witnesses Seeds And Chips, the greatest global foodtech startup and investor gathering event, we are here to reinforce Italy’s role by launching the first global and independent foodtech accelerator in the world”
Each year Startupbootcamp FoodTech will invest in 10 foodtech startups, providing €15,000 in funding, mentorship, 6 months office space and access to a network of industry partners, investors and venture capital firms. The program will be operated at the Startupbootcamp FoodTech offices located in Rome at a 4.000 square feet dedicated space within the Spazio M3 facilities, facing the 1700 years old Basilica of San Giovanni, right at the heart of the city.
To kick off, startups from all over the world have until September 19 to apply to present their ideas to the Startupbootcamp FoodTech team.