EIT Food Initiative Announces €875,000 in Funding for Startups Including Hooked & BettaF!sh

EIT Food has announced €875,000 in funding for four agrifood startups and SMEs as part of its Fast Track to Market Initiative. The recipients include BettaF!sh, a German foodtech company developing seaweed-based products, Hooked Foods from Sweden focusing on plant-based meat, afreshed from Austria connecting consumers with surplus produce, and UK-based AgriSound using smart technology to optimize bee activity for crop yields. The funding will help these companies accelerate their growth, enter new markets, and expand existing ones through EIT Food's Revenue-Based Financing model.

Applications are now open for the next funding cycle, offering up to €300,000 for each winner. Projects must align with EIT Food's missions of promoting healthier lives through food, a net-zero food system, and transparency in the food industry. The submission window closes on May 6, and EIT Food is seeking innovative startups and SMEs ready to make a significant impact in the agrifood sector and revolutionize the food system for a healthier society and planet.