Food tech investment firm Big Idea Ventures (BIV) this week unveiled the companies chosen for Cohort 3 of its alt-protein-focused accelerator program. Fifteen early-stage startups will participate in the five-month-long program, either in NYC or Singapore, according to a press release sent to The Spoon.
BIV looks for companies developing both plant-based and cultured protein products and ingredients. Food tech companies related to the alt-protein space are also considered. Past program participants include companies from the plant-based protein space, cultured protein, and corresponding technologies. Evo, MeliBio, and WTH Foods have all taken part in the program.
BIV says its third cohort is focused on sustainably feeding a growing world population.To that end, chosen companies include:
- AquaCultured Foods: A seafood alternative using microbial fermentation
- The Frauxmagerie: A plant-based cheese using cultures without dairy
- Innocent Meat: A B2B cell-based meat production system
- incrEDIBLE: An edible cutlery to reduce single-use plastics
- Blue Ridge Bantam: A cell-based ground and whole-cut turkey
- New Breed Meats: Plant-based burgers, grounds and sausages
- Plant Ranch: Plant-based Mexican meats
- Angie’s Tempeh: Tempeh fermentation technology to create protein-rich foods
- Animal Alternative Technologies: Cell-based meat services including bioreactors and software
- Farmsow: A B2B ingredients company developing sustainable alternatives to tropical oils and animal fats
- GreenGourmet Foods: Plant-based dairy
- Haofood: Alternative chicken protein from peanut focused on the Asian market
- MAD Foods: A plant-based beverage
Two companies — plant-based yogurt maker Wellme and a food tech startup called Meat. The End — will participate in both NYC and Singapore.
Beside $125,000 in cash investment and $75,000 on in-kind investment, chosen companies also get access to co-working space, including test kitchens, for the duration of the program, as well as mentorship and networking opportunities.