While startups in big data, cloud and IoT continue to make impressive advancements in tech, one industry has been historically overlooked in the startup space: the food and beverage industry.
Food and tech are a well suited pair and SF New Tech is highlighting the latest trends in partnership with Rabobank for an inaugural food and tech summit in San Francisco – FoodBytes! With any young industry, the opportunities for investors are vast, as illustrated by the recent VC funding in food-tech startups.
According to Dow Jones VentureSource, F&B startups attracted over $1.1 billion in VC funding in early 2014. In all of 2013, the industry saw a 39% increase in venture capital over 2012.
The F&B industry is becoming increasingly cutting edge by merging technology, business and culinary science. Startups are using food data science to develop innovative solutions to current problems. For example, Kuli Kuli, is developing a new superfood to help combat global food shortages. The Algae Factory is producing alternatives to animal proteins and soy-based products. AgerPoint is redefining analytics for fruit-bearing trees and vines to better assist growers.
These companies, and many others, will converge at FoodBytes! to showcase their technologies to investors and powerbrokers in the food industry.
This coming Wednesday, February 25th, SF New Tech and Rabobank will be showcasing the elite teams from innovative food companies at the inaugural FoodBytes! event on Bluxome Street Winery in San Francisco.
To register, use “Gigaom20” on the FoodBytes! website for a special discount.