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AAK partners with Big Idea Ventures to accelerate the development of ingredient solutions for alternative meat and dairy products
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AAK partners with Big Idea Ventures to accelerate the development of ingredient solutions for alternative meat and dairy products
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Big Idea Ventures Announces Appointment of Senior Advisors to Generation Food Rural Partners Fund
Big Idea Ventures, LLCMarch 2, 2021 GMT
NEW YORK, March 02, 2021 (GLOBE NEWSWIRE) Big Idea Ventures LLC today announces the appointment of Bette Brand, former Deputy Under Secretary for USDA Rural Development and Bill Northey, former Under Secretary for USDA Farm Production and Conservation as senior advisors to the General Food Rural Partners (GFRP) fund.
Recently launched, GFRP is a $125 million target fund that will drive economic development in rural communities through the commercialization of university-developed intellectual property. North Carolina State University is the fund’s inaugural collaborator.
Bel Group invests in Big Idea Ventures on development of alternative proteins Big Idea Ventures, which is involved in early stage investment in the food technology sector, with accelerators in New York and Singapore, is strengthening its presence in Europe.
Its New Protein Fund, dedicated to seed and early stage investments in plant-based and cell-based food, ingredient and technology companies, targeted raising $50m since its launch in 2019. The company has announced it is receiving structuring support from key players in the European market, including the Bel Group and the Buhler Group, with a view to opening an accelerator in Paris in 2021.
Bel Group backs plant-based innovation with Paris accelerator on the cards The dairy major is partnering with Big Idea Ventures (BIV) to accelerate projects in alternative proteins. BIV currently runs accelerator programmes in New York and Singapore but has revealed plans to launch a Paris edition later this year.
Demand for alternative proteins is on the rise. In the plant-based space, the Good Food Institute (GFI) estimates that US consumers are spending 28% more on plant-based foods compared to 2017 figures.
Between 2017 and 2019, the plant-based cheese market grew by nearly 51%, and, according to a recent announcement by Big Idea Ventures (BIV), it is not just vegan players that see potential in the space.
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