Business CreationEIT Food supports entrepreneurs and start-ups through a powerful business creation ecosystem. Support is available at every step of a company’s development, from ideation to acceleration and funding, and offers a gender-balanced approach.
Our Business Creation Strategy consist of two principles:
- It supports Entrepreneurs and Innovators through all stages of their “life cycle”: from innovative ideas to start-ups to Small Medium Enterprises
- Addressing the specific challenges they are facing in the food sector. It goes beyond “Access to Finance” and “Networking” – it also emphasizes “Access to Competence and Technology” and “Access to Market”.
For example: You are a start-up and want to produce your first batch of 5000kg of yoghurt – how to get access to a pilot plant which is food grate, how to get access to the raw materials? Or you have great products on the market in Spain, how to promote those in Germany or Finland? Or you are a SME and you want to learn more about and implement a new production technology? We will create instruments and activities to address all of these challenges, which are especially relevant for our industry.
EIT Food has developed an exceptional end-to-end business creation approach (explore – nurture – scale – grow sustainable) that starts with idea generation support and stimulation and includes an accelerator, a seed fund EIT FoodSparks™, and the RisingFoodStars community of successful and fast growing start-ups.
EIT Food’s Innovation Grants are enabling participants in education activities (summer schools, SME workshops, Food Solution programme) to implement the learnings into their business or even to develop them further for commercialization
For 2018 there are:
- 3 Innovation Grants for Young Entrepreneurs - Master and PhD students
- 2 Innovation Grants for participants of Summer Schools
- 2 Participants of the FoodSolutions Programme
- 3 Innovation Grants for participants of the SME Elevator
- Special Grants for RIS (Regional Innovation Scheme) countries. Find out more information on RIS Innovation Grants here.
The EIT Food Accelerator Network (EIT FAN)
EIT FAN will operate in 4 innovative hubs (the UK, Switzerland, Israel and Germany), offering structured 4 month programs with expert coaching to up to 40 start-ups in 2018. Start-ups going through the selection process can compete at the end of the programme for equity free cash prizes worth 180,000 EUR for the top 3 startups. Graduates of the EIT FAN can potentially become members of the RisingFoodStars club and consequently become part of the EIT ecosystem and contribute to EIT Food’s innovation strategy. In addition those start-ups can also apply for funding from EIT FoodSparks™. Read more on www.eitfan.eu
EIT FoodSparks™ is EIT Food’s VC fund, which provides start-ups with funds to bridge the critical early stage of their development. EIT Food will invest in promising start-ups, to increase their success rate by leveraging the EIT Food network of excellence. The selected start-ups will also benefit from management support, access to the EIT Food ecosystem, distribution channels and potential customers.
Access to Finance
Our volunteering partners will enable EIT Food to invest financially in promising start-ups, and to increase their success rate by leveraging the EIT Food network of excellence. The selected start-ups will also benefit from management support, access to the EIT Food ecosystem, distribution channels and potential customers.
The RisingFoodStars association is a full member of EIT Food. Its members are outstanding European start-ups from the agri-food-tech area who participate in EIT Food’s innovation, education and business creation activities.
Discover them here
If you want to know more, contact us at email@example.com