Got an Innovative Food Idea? The
European Union Wants to Know (AgFunder)
- The EU have started an initiative to boost innovative entrepreneurs in the AgriTech sector, which has been lagging in investor attention as of late. Only EUR1bn of venture capital was invested into agrifood tech in 2018, versus EUR5.5bn in fintech, EUR6bn in health and EUR5.4bn in enterprise software.
- The “pre-accelerator” AgriTech program has been launched by the European Institute of Innovation & Technology (EIT) in the hopes of attracting more innovators to the sector.
- The EIT provides a number of other programs, such as the SIT Food Accelerator Network, FoodSparks and Rising Food Stars. These programs supply a network of investors, a venture fund, and other capabilities.
Analysis & Comments
- This has been an issue that I have been talking about for some time – why, given Europe’s strong agricultural bases, focused on smaller farms, is Agtech not a priority?
- Among the six issues that EIT Food has identified, I see four of them as offering real potential – including a focus on healthier nutrition (for instance the threat around diabetes growth) and enhancing sustainability.
- EU needs to work more on this topic which could make our "small parcels" model profitable.
Published by Mr. Crypto Lemon
on
Posted from my blog with SteemPress : https://mentormarket.io/stocks/mr-crypto-lemon/got-an-innovative-food-idea-the-european-union-wants-to-know/
That could help people to be more inovative in the agriculture sector. Here in Brazil we have something like that too, which help people whose have great ideas to low the costs of production and try to use natural resources with more sustainability.
Indeed, any initiative ins this area is useful for the planet, the agriculture industry and the government.
Posted using Partiko iOS
In the case of food industry, organic farming and organic food consumption is very important. Customers also bothered about this now a days. We have to invest the time and effort into sustainable and organic agricultural methods.
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