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Discover cutting-edge innovation from the most exciting F&B startups.
The Fi Global Startup Innovation Challenge gives startups the opportunity to pitch their ideas to a jury of R&D experts, investors, and major F&B industry company representatives.
Startups can select multiple categories but will only compete in one. The shortlisting jury will determine which one is most suitable for applicants based on the information submitted.
The winners will be offered one-on-one mentoring from one of our esteemed jury members, as well as a selection from the following prizes:
Access to ‘Conciergerie’ by Presans
Conciergerie by Presans enables you to engage on-demand with top level experts for industrial innovation. Our Fellows (ex-R&D Directors/CTOs of large-size companies) identify worldwide experts related to your innovation, science and technology questions. Within a couple of days Presans organizes phone call discussions between selected experts and you. The winner of this prize will get the opportunity to raise a question on the Conciergerie platform and to get in contact with worldwide experts.
The Startup Innovation Challenge is a fantastic opportunity for any startup to leverage their networking and fund-raising efforts. We benefitted significantly from our participation in the entire process. Due to the exposure during and after the challenge, we have been approached by many stakeholders in the industry who are willing to work with us.
The Startup Innovation Challenge is led by experts who quickly focus on the most important aspects of bringing innovations to the industry in terms of product taste (which is always 'the king'), product fitness, affordability, proof of concept within an industrial setting, validation from large industrial partners, IP and scalability.
Being part of the Startup Innovation Challenge meant that we had the opportunity to not only present our innovations and plans to many visitors from companies, institutions and the public in general, but also, to investors. This networking was crucial to continue building collaboration opportunities with several players in the field.
For us as a team, winning the challenge has proven to be pivotal in helping us raise our next round of investment funds. Having that validation from a third-party organisation that we are a truly innovative company pushing the boundaries of food science, food technology and food ingredients, has made it easier for us to attract the right investors to help us accelerate the use of these technologies. We’ve successfully raised USD$550,000 since the competition to invest into R&D, product development, sales and marketing which will assist in launching our first range of products and allow us to continue with future innovations.
The first advice I have for startups is to apply, don't miss the chance to experience this great challenge. The feedback from the jury was very personalized and extremely wise. Winning the prize was also extremely helpful not only to be contacted by new investors and potential costumers but also to reactivate some conversations we had in the past.
"Winning the Fi Global Startup Innovation Challenge 2020 has truly opened up new opportunities for Sufresca and generated a lot of traction to our bespoke solution to reduce the high rates of food loss and waste and use of plastic in the food industry. The FI Global team is highly professional and a pleasure to work with, which made the whole experience particularly worthwhile, especially when facing the challenges of a world pandemic.