The emergence of new technologies, including mobile app-based services, is transforming the way that the food industry operates, and giving rise to a new digital industry, known as food tech.
Innovations that meet growing consumer demands for convenience, product freshness, and environmental sustainability are set to define the future of this sector.
In relation to this, Forward Fooding, World’s first collaborative platform fostering innovation via FoodTech data intelligence & corporate-startup collaboration, is calling on All FoodTech Entrepreneurs to apply for FoodTech500 Program!
Inspired by the Fortune 500, Forward Fooding is proud to present the FoodTech 500, the world’s first definitive list of the global entrepreneurial talent at the intersection between food, technology, and sustainability.
The FoodTech 500 is the ‘Fortune 500’ of the FoodTech sector – a ranking of the top 500 FoodTech companies in the world. Our mission is to raise the public profile of FoodTech and give visibility to the most innovative companies in the sector, showcasing their valiant efforts in tackling the varied challenges the system faces. We have created a set of criteria to unify, rank and score the businesses that would define the future of food.
The big differentiator of the FoodTech 500 is that it is a global initiative. Its global coverage provides a more accurate picture of where we are in food tech by showcasing the latest developments from international startup and scaleup companies across the entire supply chain.
In addition to the prestige granted from the ranking, FoodTech 500 winners gain access to a global network of industry stakeholders, including Fortune 500 F&B companies, investors, and advisors.
In addition to:
The 2020 edition saw 2,000+ applications from startups & scaleups, 63 countries represented, 20 pieces of exclusive press coverage, 393,000 page views, and 72,000 visitors from 180 countries on the FoodTech 500 website.
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With €23.6 billion raised in FoodTech in the last 10 years, it is the most recent years that have been the most significant in the sector’s evolution as funding increased by +278% between 2016 and 2018, according to data from our FoodTech Navigator. The result: it’s clear that FoodTech and Food Technology are no longer niche industries.
The world is stepping up to answer the huge and immediate global challenges our food system is facing. Questions like how to feed a population set to hit 9Bn by 2050? How technology can help to reverse the effects of climate change and reduce the $1,2 trillion in food waste each year? And how do we create more sustainable and efficient agriculture practices?
The FoodTech 500 startups are pioneering the evolution of the FoodTech industry and are working to create the answers.
All start-ups and scale-ups from the Food Tech (or ‘AgriFoodTech’) sector – from early stage to more established businesses, operating all across the food supply chain.
At forwarding Fooding, we define Food Tech as ‘the emerging sector exploring how technology can be leveraged to create efficiency and sustainability in designing, producing, choosing, delivering and enjoying food.’ You can find out more about how we define Food Tech here.
On top of fitting the above definition, there are 3 main baseline criteria for submitting an application:
Some sub-sectors we are focusing on include alternative proteins, vertical farming, packaging & materials, surplus & waste management, restaurant tech, food & grocery delivery, food processing, food safety & traceability, consumer applications, kitchen robotics, irrigation & water tech, precision farming, and ag-biotech.