SPAIN FOODTECH – Startups program aims to support the construction and development of solid Spanish startups in the agrifood tech sector, capable of competing on a global scale and becoming a benchmark, positioning Spain as a technological leader in this field.
It is a hands on program, lasting 6 months, with a customized work plan for each startup, using a first class work methodology, focused on guaranteeing the success of the startup in the market and obtaining the necessary investment for its correct development.
The startups have a team with more than 20 years of global experience, the technological support of CNTA and the support of ICEX in their internationalization and access to pilots and agreements with national and international food corporations.
We are looking for startups with sustainable and disruptive technologies and solutions applied with an impact along the entire agri-food value chain, from farm to fork.
at the European level and 5º country for investment in Foodtech
contribution of the agri-food sector
investment in Foodtech 2022
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The startups of the Spain Foodtech 2021 are globally disruptive, have achieved solid traction with the principal investors and international corporations, and have generated intellectual property that is having a strong social impact. A quantitative and qualitative success where the value of those startups has multiplied by 6, with an average valuation of 7.5 million euros that is reflected in resulting financing rounds.
The five disruptive technologies that are protagonists of the first cohort of Spain FoodTech have been developed by:
Cocuus has developed its platform MimETHICA, designed for large-scale bio-printing of plant-based products analogous to the traditional animal protein ones. After passing through the Spain Foodtech program, in June 2022 Cocuus raised an investment round of 2,5M€, led by food multinational Cargill and the New York alternative protein fund Big Idea Ventures.
Moa: combines biotechnology and artificial intelligence to turn waste and by-products of the agrifood industry into a ”next-generation protein’ with high nutritional value and a 100% sustainable product. The startup has captured 1,5M€ in a round led by Clave Capital thanks to this it will be able to escalate its production of sustainable proteins and gain a presence in Asia and America.
Innomy developed a range of substitute products for animal protein based on the cultivation of fungal mycelium. Mycelium is considered the source of protein most promising for the future both for its quality in terms of nutrition and for being a way more sustainable alternative. They just closed their first round of investment of 1,3M€ led by Corporación Cervino.
Propppos: applies artificial intelligence and computer vision to offer an unattended way of payment in food service and supermarkets. Its technology is now available to consumers at various restaurants and food service points in Spain.
Atlantic Farms (former H2Hydroponics), designs, operates, and delivers at full capacity hydroponic vertical installations and indoor farming facilities in countries with extreme weather. They propose a decentralized model that respects the environment and includes a cultivation facility and an attached fabric, reducing CO2 emissions by 90%.
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davide.giampa@sintagma.press2022-12-01 11:11:572022-12-05 14:24:18Meet the Alumni: Proppos
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davide.giampa@sintagma.press2022-12-01 11:11:372022-12-05 14:24:12Spanish startup Cocuus raises €2,5M in Funding to scale its 3D bioprinting technology for the production of alternative proteins
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davide.giampa@sintagma.press2022-12-01 11:11:212022-12-05 14:24:06Innomy raises €1.3 million in funding, thanks to its alternative proteins based on mushrooms