About
FoodNxt is IFF's (legacy Frutarom) innovation lab. FoodNxt aims to accelerate tech start-ups in the food, nutraceutical, and functional ingredient sectors, with a focus on developing all-natural ingredients for the global food and beverage industry. FoodNxt provides its start-ups with a wide range of services, including technological assistance, regulatory advice, professional guidance on clinical and technological challenges, business plan and feasibility study preparation, advice on networking with leading global food companies, and help with marketing and communications. Each start-up chosen to join FoodNxt will receive financing of up to $280,000 to reach a proof of concept. In addition to financial backing, start-ups will benefit from the full range of IFFs know-how, expertise, and corporate synergies. The FoodNxt innovation lab is supported by the Israeli Innovation Authoritys Innovation Labs Program. This program aims to promote open innovation and enable start-ups at the initial stage of R&D to reach a significant fundable milestone in a relatively short time while providing access to market needs and a supportive framework.
Portfolio · 3
Investment activity
Portfolio by sector
Q&A
- What is FoodNxt - Innovation Lab's primary focus?
- FoodNxt - Innovation Lab is IFF's (legacy Frutarom) innovation lab, focused on accelerating tech startups in the food, nutraceutical, and functional ingredient sectors, with an emphasis on developing all-natural ingredients for the global food and beverage industry.
- What kind of support does FoodNxt - Innovation Lab provide to its startups?
- FoodNxt provides a wide range of services, including technological assistance, regulatory advice, professional guidance on clinical and technological challenges, business plan and feasibility study preparation, advice on networking with leading global food companies, and help with marketing and communications.
- What is the typical financing amount a startup can receive from FoodNxt - Innovation Lab?
- Each startup chosen to join FoodNxt - Innovation Lab can receive financing of up to $280,000 to reach a proof of concept.
- Which program supports the FoodNxt innovation lab?
- The FoodNxt innovation lab is supported by the Israeli Innovation Authority's Innovation Labs Program.
- What are some of FoodNxt - Innovation Lab's portfolio companies?
- FoodNxt - Innovation Lab's portfolio includes Nutrilees, which raised $280K in a Seed round in 2019, and Spicerr, which also raised $280K in a Seed round in 2019.
- In which sectors does FoodNxt - Innovation Lab primarily invest?
- FoodNxt - Innovation Lab primarily invests in the Agriculture & Food Technologies sector, with some activity in Health Tech & Life Sciences.
- What investment stages does FoodNxt - Innovation Lab focus on?
- FoodNxt - Innovation Lab focuses on Seed and Pre-Seed investment stages.
- When was FoodNxt - Innovation Lab founded?
- FoodNxt - Innovation Lab was founded in 2018.
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Identifiers & details
| Founded | 2018 |
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