Start-up funding declined in 2023, yet the foodtech sector remains attractive due to innovation potential. In that context, a global competition has been launched to boost startups active in the sector.

Swiss flavor and taste specialist Givaudan and the FoodHack foodtech community announced on March 19 that applications for the foodtech world cup are open until April 11.

The competition aims to leverage local networks to highlight 60 foodtech founders from North America, Latin America, sub-Saharan Africa, Asia-Pacific, Europe, North Africa, and the Middle East on a global stage to boost their growth.

“We hope to discover groundbreaking solutions created by exceptional and entrepreneurial founders that have a tangible impact on a healthier and more sustainable future for all,” said Alexandre Bastos, Head of Open Innovation and Venture Capital at Givaudan, about the partnership with FoodHack and HackSummit.

After their pitch presentations, two solutions from each region will be selected to participate in the competition’s final in Lausanne, Switzerland.

Adoni Conrad Quenum