Innovation in Food and Ingredients

JUN 2020 - JUN 2021
London + Istanbul
Sponsored by:
Sente, in partnership with the Northstar Innovation Company (the innovation arm of global food and retail company Yildiz Holding) is investing in early-stage startups with novel ingredients, snacks, packaging and technology that can meet the needs and desires of an ever-evolving consumer landscape.
Selected startups will have access to the full capabilities and reach of a global food brand to help them scale their manufacturing, distribution and digital resources, while also getting investment from the company's corporate venture capital branch.
Starting in London in June 2020, we will select startups from around the world for the opportunity to work with international snacks, food and retail brands as well as the chance for a $50,000 - $75,000 investment.
We are looking for early-stage startups with technologies in areas such as:

New Snack Products

"Good for you" snacks - e.g. protein sources, fiber, antioxidants, functional foods

New Ingredients

Sustainable, affordable, good-for-you and "free from" alternatives to common snack ingredients

New Packaging

Reduced packaging footprint, preservation technologies and digital technologies in food packaging

Food R&D Tech

Digital products to evaluate ingredients and predict consumer preference in food

Food Process Tech

Novel approaches in food processing technology, especially for snacks & confectionery products

The program agenda is as follows:

  • Week 1 will be an intense, hands-on evaluation and refinement of startups’ business model for global scale-up and relevance for doing potential projects with major food & retail brands. You will also interact with Pladis brand teams immediately starting in Week 1

  • Weeks 2-5 will be remote, where teams will work with Sente and the Pladis innovation teams to refine the evaluation of their overall scale-up potential (e.g. technology, business model, unit economics, scale-up economics, competition and industry dynamics)

  • All participants will then be invited to Istanbul for Week 6, where they will participate in facilitated discussions with the corporate sponsor to plan for proofs of concept and pilot projects and investment opportunities

  • A minimum of 3 startups after Week 6 will receive an investment of $50,000-$75,000 in return for equity shares, and will receive continued support from the Sente and Yildiz Holding teams, including connecting them with projects within the business and the potential for scale-up and/or follow-on investment.

Other program terms:

  • The program will pay for all accommodations in Week 1 (London) and Week 6 (Istanbul), as well as flights to/from London in Week 1. Startups will be responsible for their own transportation to Istanbul in Week 6 (but will have access to Sente's preferred rates with airlines, if applicable).

  • There is no commitment from Yildiz Holding and its brands to proof-of-concept or pilot projects with any particular startup, but the program has executive-level sponsorship to work with early-stage startups.

CHICAGO   LONDON   ISTANBUL

LEARN MORE

ABOUT US

  • LinkedIn Social Icon
  • Twitter Social Icon
  • Facebook Social Icon
  • envelope-silhouette (1)

© Sente Foundry, LLC  All Rights Reserved