New Protein Fund to invest US$200K each in attendees
The story: Big Idea Ventures’s (BIV) New Protein Fund, dedicated to seed- and early-stage investments in plant-based and cell-based food, ingredient and technology companies, is accepting applications from startups for its fourth accelerator cohort.
BIV has accelerator offices in New York, Singapore and soon in Paris.
How it will help: In addition to providing US$200,000 investment (US$125,000 in cash and US$75,000 through in-kind benefits), Big Idea Ventures’s (BIV) programme may also choose to invest up to US$3.5 million in top companies.
Duration: Five months.
More about the story: This is part of the fund’s mission to invest in and accelerate up to 100 plant- and cell-based companies worldwide.
Companies that will join the accelerator will also have an opportunity to engage with BIV’s partners, which include AAK, a global provider of plant-based oils headquartered in Sweden; Bel Group, the French cheesemaker; and Bühler Group, the Swiss food equipment manufacturer.
These limited partners and others will help participating companies in partnership, scaling production, co-developing intellectual property, and product improvements.
The New Protein Fund is targeted to raise US$50 million since its launch in 2019.
