EuroQuity Blog

EIC epitching to investors on Agritech, food and beverages powered by EuroQuity on February 16 at 2pm CET

The European Innovation Council and EuroQuity-Bpifrance are pleased to invite investors to participate in our EIC ePitching. This edition will focus on agritech, food and beverages and will take place on 16 Febrary 2021, at 2 PM (CET). Seven EIC-backed SMEs were selected by a jury of investors and will have the chance to present their innovative solutions during an online event to a jury of investors, consisting of representatives from Blu1877 – Barilla Group, LeadXCapital, Faraday Venture Partners, Mitsui, Balderton CAPITAL, Eleven Ventures, South Central Ventures and Five Seasons Venture.



Agriculture remains a vital lifeline for Europe. New innovative developments in agriculture, for example to achieve a more sustainable sector, are on everyone’s agenda’s. In order to keep the EU agriculture sector competitive in todays global market, new advanced technologies are needed. In order to further stimulate the progress of innovation in the European agriculture sector the European Innovation Council and EuroQuity is organising an EIC ePitching to Investors on Agritech, Food and Beverages, together with top-class European investors next February 16 at 2 pm CET.
 
This will be the opportunity to discover seven EIC-backed SMEs on Agritech, Food and Beverages solutions that will have the chance to present their innovative solutions to a jury of investors – consisting of representatives from Blu1877 – Barilla Group, Balderton CAPITAL, Eleven Ventures, Faraday Venture Partners, Five Seasons Venture, LeadXCapital, Mitsui, and South Central Ventures.  These companies were selected by the jury of investors and they were all funded by the European Commission and are now part of their most exclusive acceleration programme.

Following this session, investors are invited to schedule one-to-one meetings with the companies of their preference.
 
Here is detailed program of the start-ups pitching:

Food Sourcing Specialists, S.L. - Home Compostable Packaging / Healthy Food
We’re developing advanced food-grade, long-life home compostable packaging materials that will reduce the use of fossil-derived plastics. These were originally developed for our new range of healthy sports nutrition products, which provide elite performance using 100% natural ingredients. Voted Best Project by Keiretsu Forum Spain investors – Selected as Ground-Breaking Startup at AECOC Trend Builders | TRL: 6 |TAM: €106B & €1.8B |Next step: business scaling & new packaging R&D | 1.3M€ sought - Spain

3Bee - Software and IT services
3Bee develops Hive-Tech, a DSS for Beekeepers. We use custom IoT devices and AI algorithms to achieve a reduction of bee’s mortality and an enhancement of beekeepers productivity. 3Bee has already acquired more than 2000 customers. Winner of Horizon 2020 SME Instrument phase 1 and 2. | TRL: 9 | TAM: 58 B EUR | Next Step: Scale up in EU. | 3-3.5 M€ sought.

InnovaFeed - BioTech/Agtech
InnovaFeed is a biotechnology company that produces a new source of protein from insect farming (Hermetia Illucens) for animal feed, and more specifically for aquaculture. Its mission is to participate in the development of sustainable food systems by responding to a growing demand for natural, healthy and competitive raw materials. Endowed with the largest production capacity on the market and an R&D center at the forefront of biotechnology research, InnovaFeed has developed an innovative technology and process, guaranteeing the production on an industrial scale of quality protein, at a competitive price. €200M funding secured in debt, equity and subsidies – Off-take contracts secured with tier one players – Winner of “Blue Economic Window” grant led by the European commission (€ 2,1M) – Winner of SME Instrument grant (€1,7M) | TRL: 8 | TAM: $100B (in 2030) | Next step: industrial deployment | €100M sought – France


Brevel - AgTech / FoodTech / ClimateTech 
By providing truly affordable, consistent and scalable production of microalgae based products, Brevel is paving the way for a future where microalgae are a natural part of our life. Brevel’s breakthrough technology unlocks the true potential of microalgae as the ultimate source of sustainable bio-based ingredients, providing for the first time a viable solution for a wide range of industries. Two times winner of Horizon2020 grants (€1.2M) + equity investment under the blended financing pilot (€8.5M). Sustainable Food System Challenge 1st place winner. MassChallenge 2020 Gold Winner. JDA with Givaudan & collaborations with leading food manufacturers (Migros, Thai Union, Strauss, others), LOIs from leading European feed manufacturers | TRL: 9  |  TAM: $28B | Next step : production scale up and market penetration | 8M € sought – Israel

Cellugy - BioTech / Bioindustrials / FoodTech 
Producing advanced bio-cellulose materials using biofabrication. EcoFLEXY is the next generation of sustainable barrier coatings for paper/board packaging that can be used to design mono-material packaging solutions which at the end-of-life are easily recyclable in the existing waste stream. Top 24 winners at the Tech Tour European Venture Contest, Winner of the EIT Food Innovation Prize, Runner-up winner of the Ocean Plastic Innovation Challenge, Winner of the Advance Materials Competition, Innovation Award Winner at the Global Innovation Summit. NDAs and LOIs signed with industry leaders | TRL: 6  |  TAM: $102B | Next step: from lab to pilot | 3M€ sought – Denmark
 
BIOSENS UKRAINE - BioTech / FoodTech 
Innovative biotechnology startup that focuses on development of rapid diagnostic solutions to facilitate food safety. First milestone it's flagship testing device for the rapid detection & prediction webservice to prevent mycotoxins contamination. Our mission is to give people confidence that they eat or produce safe food. We provide the ability for farmers, traders & food processing companies to make accurate and simple on-site testing of mycotoxins in less than half an hour instead of weeks. Winner of Intercontinental Startup Battle in San-Francisco, TOP 100 Global startup of SLINGSHOT 2020, FoodTech TOP-500 world’s first list of the global entrepreneurial talent between food, technology and sustainability, participated in Kickstart Accelerator in Switzerland. Supported by international donors for product and business plan development (e.g. EBRD ‘Innovation Voucher’, Expo Live Innovation Grant (Dubai): one of 120 grantee of 6900 applications from 174 countries). Receive PCT patent registration in EU & 2 patents in Ukraine. LOIs signed by leading grain traders, manufacturers & distributors (Roquette, Agro Smart Lab, OR SELL SPA, Indigo Agricultural, Belagro, Agroprosperis Group) | TRL: 7  |  TAM: $1.1B | Next step: rapid commercialization | 1.3M€ sought – Ukraine 

Novolyze - Food & Tobacco, Construction & Engineering, Machinery, Equipment & Components
Novolyze built novel technologies for Improving Safety and Quality of Food Production Systems while improving their sustainability. Word with 20 of the 30 largest food multinational countries (50% in the US) | TRL: 8-9 | TAM > B50$ | Next step: scale commercially within existing accounts | 10M€ - France & US



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You can register here: https://zoom.us/meeting/register/tJAqcOGurjsuHdcVGWIZYJ80qxbwKxuoB9fE

If you have any questions, do not hesitate to contact us: mc.chumacerovalle@ext.bpifrance.fr
 

Rédigé par Cristina Chumacero le Monday, February 8th 2021
 
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