Twenty food and agriculture startups have been selected from a total of over 150 applications to pitch at the first ever FoodBytes! London. FoodBytes! is the global pitch competition organized by food and agriculture bank Rabobank with the aim of harnessing new innovation to create a better world through food. The competition has now taken place in seven cities globally with more than 40 countries taking part.
Nearly one-quarter of applications came from startups focused on the farm, a larger portion than in previous editions of FoodBytes! where CPG startups have tended to apply in greater numbers.
“Precision agriculture is the dominant theme among the selected companies, including AI-powered dairy farming and data-driven beekeeping,” said Nina Meijers, startup innovation platform manager at Rabobank, adding that animal health was a particular theme among agtech startup applicants.
CPG startups still contributed 43% of applications and 23% came from foodtech startups.