Brinc partners with Blue Horizon to fund foodtech startups

By Helen Adams
Hong Kong accelerator and venture capital firm, Brinc, has partnered with Blue Horizon Ventures to invest over US$3 million in global foodtech startups

Horizon Ventures will invest with Brinc’s new Scaleup Program, in order to help early-stage firms grow throughout Asia. The cross-border project is set to run between Singapore and Hong Kong.

Under the program, the accelerator will provide startups access to food scientists, retailers, manufacturing and distribution partners, as well as facilities and resources. They will also be connected to Brinc and Blue Horizon Ventures’ network of investors, commercial partners, industry experts, and mentors.

Brinc chose Singapore because of its government’s support and regulatory framework and Hong Kong for its ease of access to capital and proximity to China.

 

Foodtech expansion, support and innovation

Three key objectives have been outlined for the new Scaleup Program, including:

  • Helping startups expand and plug into commercial opportunities across Asia Pacific. 
  • Support startups that have recently graduated from seed-stage accelerator programs
  • Help drive global food systems innovation through technology.

 

The two firms will also team up to invest a minimum of US$250,000 in seed-stage startups. This will extend capital to companies invested through Brinc’s flagship Food Tech accelerator in Hong Kong and its China Alternative Protein accelerator in Shanghai, which is backed by LeverVC.

Since being founded in 2014, Brinc said it has invested in over 200 companies. Out of that number, 30 are foodtech firms working on: 

  • Alternative protein
  • Cellular agriculture
  • Other upstream technologies

 

Share

Featured Articles

CP Kelco and Tate & Lyle Partner for Food & Beverage Sector

CP Kelco and Tate & Lyle are set to merge, creating a global powerhouse in food and beverage product development and customer service solutions

New Biotechnology Serves Benefits to the Food Industry

Major companies Danone, Michelin and DMC, collaborate to create a biotechnology platform to better the food industry through upgraded fermentation use.

Nestlé Announces New CEO Alongside Future Investment Plans

Nestlé appoints Guillaume Le Cunff as new CEO of Zone Europe, along with future plans surrounding sustainability, mergers and acquisitions and innovation.

Danone Launches new Global Training Programme

Food

Mondelēz Cements Snacks Industry Position With Biscuit Lab

Food

Sainsbury's Targets Sustainable Cocoa by 2025

Sustainability