New Protein Fund to speculate US$200K every in attendees
The story: Large Thought Ventures’s (BIV) New Protein Fund, devoted to seed- and early-stage investments in plant-based and cell-based meals, ingredient and know-how corporations, is accepting purposes from startups for its fourth accelerator cohort.
BIV has accelerator places of work in New York, Singapore and shortly in Paris.
The way it will assist: Along with offering US$200,000 funding (US$125,000 in money and US$75,000 by way of in-kind advantages), Large Thought Ventures’s (BIV) programme may select to speculate as much as US$3.5 million in high corporations.
Period: 5 months.
Extra in regards to the story: That is a part of the fund’s mission to put money into and speed up as much as 100 plant- and cell-based corporations worldwide.
Corporations that may be a part of the accelerator may even have a chance to interact with BIV’s companions, which embody AAK, a worldwide supplier of plant-based oils headquartered in Sweden; Bel Group, the French cheesemaker; and Bühler Group, the Swiss meals gear producer.
These restricted companions and others will assist taking part corporations in partnership, scaling manufacturing, co-developing mental property, and product enhancements.
The New Protein Fund is focused to lift US$50 million since its launch in 2019.
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FWD Insurance coverage launches startup studio
The story: FWD Insurance coverage has launched FWD Begin-Up Studio to help insurtech and takafultech startups in Malaysia, with seed funding of RM1.2 million (US$391,000) over two years.
Who can apply: Malaysian startups working within the isurtech or Islamic finance sectors.
Extra in regards to the story: The studio has partnered with 1337 Ventures, a Malaysia-based enterprise accelerator, to launch a four-week pre-accelerator programme. It is going to be open to 25 startups initially, which can then go on to construct a minimal viable product (MVP) and commercially associate with FWD.
Compass India acquires majority stake in SmartQ
The story: Compass Group India, a supplier of contract meals and help providers, has acquired a majority stake in SmartQ, a B2B foodtech
and aggregator platform.
The target: To combine and deploy Sensible Q’s automated cafeteria administration providers for its purchasers.
About SmartQ: Launched in 2014, SmartQ gives providers comparable to automated billing kiosks, centralised billing system, NFC pay as you go playing cards, Level-of-Sale software program to corporations.
Extra in regards to the story: Compass India will utilise SmartQ’s know-how options comparable to a cellular app for meals ordering on the office, self-ordering kiosks, cashier-less cafeteria, and PoS options, to rework the way in which individuals work together with on-site eating places.
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Picture Credit score: Large Thought Ventures
The submit Briefly: BIV’s New Protein Fund invitations purposes for startup programme appeared first on e27.