EIT Food announces €900,000 to fund solutions which accelerate the commercialisation of agrifood products and services in Europe
- Four startups from across Europe chosen for prestigious programme to accelerate their commercial success
- The chosen startups include pest detection and tools to simplify food safety inspections
- Applications are now open for funding in 2025, open to mature startups with high potential to generate B2B/B2C sales for new or improved food innovations
“It’s incredibly exciting to announce this support to help ambitious startups bring their innovations to market. From plant-based foods to food safety, these startups are developing bold new solutions to some of the key challenges facing the agrifood sector today. And with applications open for the next round of funding, we want to hear from other companies with the potential to develop innovative, commercially viable solutions to help transform the food system.”
The Fast Track to Market Initiative follows six years of innovation funding calls from EIT Food that have resulted in a wealth of impactful initiatives and projects which are making a real difference to the agrifood industry.
Fast Track to Market is a founder-friendly instrument that provides financial support to companies in exchange for a percentage of their future expected revenues. This 'Revenue Based Financing' model has grown in popularity for SMEs that are looking to raise funds in between investment rounds, as it is significantly cheaper than equity and more accessible than bank loans.
For more information on the programme and how to apply, please visit: https://www.eitfood.eu/open-ca...
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Notes to editor:
For more information and interview enquiries, please contact FastTrackCall@eitfood.eu.
About EIT Food
EIT Food is the world’s largest and most dynamic food innovation community. We accelerate innovation to build a future-fit food system that produces healthy and sustainable food for all.
Supported by the European Institute of Innovation and Technology (EIT), a body of the European Union, we invest in projects, organisations and individuals that share our goals for a healthy and sustainable food system. We unlock innovation potential in businesses and universities and create and scale agrifood startups to bring new technologies and products to market. We equip entrepreneurs and professionals with the skills needed to transform the food system and put consumers at the heart of our work, helping build trust by reconnecting them to the origins of their food.
We are one of nine innovation communities established by the European Institute for Innovation & Technology (EIT), an independent EU body set up in 2008 to drive innovation and entrepreneurship across Europe.
Find out more at www.eitfood.eu or follow us via social media:
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