Puratos joins EIT Food in FoodSparks to foster the next generation of agrifood innovators
FoodSparks – a seed fund tailored to support the most promising European early-stage enterprises – has been set up by EIT Food and capital fund manager PeakBridge, along with investors like Puratos, Givaudan and Stockholm-based investment firm Gullspång Re:foodiary, among others.
The FoodSparks fund will invest up to €30m over a span of up to four years in the most promising projects around solutions to solve some of the world’s most pressing problems in food production, supply and sustainability.
The fund – managed by PeakBridge – will target approximately 10 early-stage enterprises each year. To qualify, the ventures must be domiciled in Europe/EFTA and Israel; have protectable and scalable technology; and be aligned with EIT Food’s mission of making the food system more sustainable, healthy and trusted.