Asian culinary platform, Brinc invest US$10m to support food tech firms
It will support 45 firms over the next three years.
To support 45 food technology firms’ sustainable projects, DayDayCook, a content-to-commerce Asian culinary platform, and Brinc, a venture capital platform, invested $US10m for the launch of a good food accelerator programme.
In a joint statement, both companies said they will open applications for the programme on 21 July 2022. Eligible startups accepted will get an initial investment of US$200,000 and will get access to Brinc and DayDayCook’s network.
Key investment themes are Alternative Protein, Functional and Novel Ingredients, Sustainable Packaging, Food Supply Chain Innovation, and consumer Agritech solutions.
The programme also seeks to improve commercialisation of food in Asia and Greater China.
“Companies with commercial-ready products and services that are actively contributing toward global food sustainability goals will be prioritised,” read the statement.