EIT Food Accelerator Network

Venture Capital Haifa Est. 2016
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About

The EIT Food Accelerator Network is a multi-location accelerator program delivered across Europe, to support high impact agrifood startups to maximize their success. Over the acceleration period, startups will have access to a buffet of tools, connections, mentors and expertise to help them succeed. At the end of the accelerator, there will be a final round of judging and the 3 best startups from all locations will be awarded financial prizes. The EIT program at the Technion is a fruitful collaboration between the Faculty of Biotechnology & Food Engineering and the Strauss Group. Startups participating in the program will benefit from an academic and business curriculum tailored to the needs of the participating entrepreneurs: lectures, practicum workshops, success stories, round table and one-on-one mentoring; access to the Technions faculty experts, its vast research infrastructure, labs and network of professional contacts; and industry tours in leading food factories and companies.

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Investor Intelligence Q&A

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What is the primary focus of EIT Food Accelerator Network?
EIT Food Accelerator Network is a multi-location accelerator program across Europe, primarily focused on supporting high-impact agrifood startups to maximize their success.
Where is EIT Food Accelerator Network headquartered and what other offices does it have?
EIT Food Accelerator Network is headquartered in Haifa, Israel, and also has offices in Bilbao, Spain; Munich, Germany; Cambridge, UK; and Lausanne, Switzerland.
When was EIT Food Accelerator Network founded?
EIT Food Accelerator Network was founded in November 2016.
Which academic institution and corporate partner collaborate with EIT Food Accelerator Network in Israel?
The EIT Food Accelerator Network program in Israel is a collaboration between the Technion's Faculty of Biotechnology & Food Engineering and the Strauss Group.
How many startups has EIT Food Accelerator Network graduated?
EIT Food Accelerator Network has graduated 29 startups.
Can you name a notable startup that won a competition through EIT Food Accelerator Network?
In December 2018, Israeli startup Jet Eat (now Redefine Meat) won the European Food Accelerator Network Competition.
What is the typical duration and batch size of the EIT Food Accelerator Network program?
The EIT Food Accelerator Network program typically lasts 4 months and has a batch size of 1-10 companies.
Does EIT Food Accelerator Network take equity from participating startups?
No, EIT Food Accelerator Network does not take equity from participating startups.
What are some of the most recent alumni companies from EIT Food Accelerator Network, and what sectors are they in?
Recent alumni include Omaiko (June 2023 - Feb 2024), focused on Farming Protein, and Fabumin (June 2022 - Oct 2022), which develops plant-based substitutes for albumin. Both are in the Agriculture & Food Technologies sector.