Monday, February 27, 2023
HomeMeatThe winners and losers of slowing meals tech funding

The winners and losers of slowing meals tech funding



Enterprise capital funding into meals tech globally has elevated 40 instances within the final ten years, reaching a brand new excessive of £26.9 billion in 2021, in line with figures compiled by innovation charity Nesta. Nevertheless it additionally notes a pointy drop off in VC funding in 2022, with enterprise funding for meals tech start-ups falling by greater than 50% in comparison with 2021. This ties with the State of Enterprise report launched in January by CB Insights, which found the worldwide enterprise ecosystem skilled a pointy pullback in 2022, with funding dropping by 35% from 2021.

An enormous potential loser can be peoples’ well being, in line with Nesta. For instance, meals tech financing has been dominated by one class. Meals supply and logistics have attracted round 60% of enterprise capital funding in 2017-2021, equating to round £11.2 billion per 12 months on common.

This development is “regarding”, as takeaway and grocery supply app platforms are “the almost certainly applied sciences to extend weight problems”, it complained. As an alternative it demanded that new expertise, processes, and concepts should “be directed in the direction of offering extra wholesome meals choices if we’re to scale back weight problems and enhance the nation’s well being”.

However the scenario, in a sure ironic twist, does open innovation alternatives. For instance, patent purposes associated to lowering calorie content material have elevated by 165% within the final decade, outperforming international patent development, Nesta revealed.

Much more notably, it estimated that innovation in meals patents that enhance satiety has grown by about 580%. This considerably outperforms the worldwide pattern of roughly 70% development in patent purposes between 2010 and 2020.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments