Startups disrupting the food system can now apply to EIT Food Accelerator Network

Startups disrupting the food system can now apply to EIT Food Accelerator Network

15.1.2020 – Applications are now open to the third cohort of the EIT Food Accelerator Network (FAN) programme. It supports high-impact Agri- and Food-Tech startups that are looking to fast track their growth.

The 4-month programme – set to start in July 2020 – is uniquely designed as a multi-location programme across Europe. The 60 selected startups of the EIT FAN will be spread across six locations. In addition to Munich (Germany), Haifa (Israel), Lausanne (Switzerland), Bilbao (Spain), Cambridge (UK), EIT FAN will also be hosted for the first time in Helsinki (Finland).

During the course of the programme, startups are set to benefit from EIT FAN’s curriculum and unparalleled network, and gain access to a powerful agrifood customer base to bring their innovation to the market faster. Its corporate partners include leading international corporations representing all key elements of our food system. The curriculum was created by academic and industry leaders in Agrifood to ensure that participating startups would transition from early-stage to impactful innovators.
The top three graduating startups will also benefit from direct financial support of up to €100,000 each: €20,000 in equity-free cash, €20,000 in cash-equivalent services and/or €60,000 in SAFEs, a very flexible investment vehicle that can be made accessible to the winners of EIT FAN 2020.

EIT FAN is seeking applications from startups along the entire food value chain who are looking to change the food system: from smart farming to consumption and health, from sustainable packaging solutions to innovations that tackle food waste, increasing food safety or helping to create a more efficient distribution system for the food industry. The application period opened on 15 January and will run until 10 March 2020. Applications should be submitted through the website https://www.eitfan.eu/. Those eligible to apply are Agrifood startups at (pre-)seed stage with some indicator of traction (e.g. LoIs, sales, letters of support) and are based in the EU or one of the eleven Associated Countries.

For more information, please contact:
Dr. Christoph Mandl
Programme Manager Business Creation / EIT Food Accelerator Network
+49 (0)172 436 9825
christoph.mandl@eitfood.eu