Startups now get up to €300,000 investment on the ProVeg Incubator program

 

Applications open for upcoming cohort of alt-protein startups

 

The ProVeg Incubator, the world’s first and leading alt-protein startup accelerator, has increased the amount of investment it makes in startups that join its program.

Startups that join and complete the program can now benefit from up to €300,000 investment, including €75,000 worth of in-kind services. The new package is an increase on the previous cap of €250,000.

Pioneering founders can apply now for the 10th edition of the ProVeg Incubator program. “We are looking for mission-driven founders and teams who are developing the next generation of plant-based, fermented, and cultured alternatives to animal-based products and ingredients”, said Albrecht Wolfmeyer, Head of the ProVeg Incubator. “These are very challenging times for founders. With our new investment scheme and a fully revamped program we want to help startups persevere and grow in the face of adversity.”

What’s the deadline and when does it start?

Applications are being accepted on a rolling basis until the final deadline, at the end of February. The program is open to startups from anywhere in the world and will be hosted online, kicking off in April. Interested founders should apply at https://provegincubator.com/application-form/#apply

While the next program cohort starts in April, companies that join sooner will be able to enjoy the benefits of being part of the incubator’s community as soon as they are on-boarded.

Which startups can apply?

The ProVeg Incubator is designed to support mission-driven startups working on plant-based, fermentation, and cultured-food products and technologies. Startups must have the potential to remove animals from the global food system, either by providing alternatives or with supporting technology. 

The ProVeg Incubator, which is based in Berlin, Germany, is particularly interested in receiving applications from startups developing egg, seafood, and chicken alternatives, as well as other meat and dairy alternatives, ingredients and technologies that can help substitute animal-derived staple products on a mass scale. Focus areas include functional ingredients, precision fermentation and biomass fermentation, cell-cultivation and molecular farming, along with the enabling tech, processes, and platforms.

 

What does the program include?

Startups that join the ProVeg Incubator are supported with a tailor-made accelerator program, one-on-one expert mentoring, access to the Incubator’s extensive networks of industry contacts, and up to €300,000 in funding and in-kind services.

Since its launch in late 2018, the ProVeg Incubator has supported more 80 startups from around the world, including Remilk, Better Nature, Vly Foods, Bosque Foods, Haofood, Omni, Kern Tec, Greenwise, Mushlabs, Formo, Hooked, the Live Green Company, and the Nu Company.

Collectively, the ProVeg Incubator’s alumni have raised more than €250 million, with products stocked in over 15,000 stores worldwide.

Startups that join have access to a global network including mentors such as Stephanie Downs (Uncaged Innovations), Lisa Feria (Stray Dog Capital), Mark Post (Mosa Meat), Ryan Bethencourt (Wild Earth), David Benzaquen (Mission: Plant LLC), David Brandes (Peace of Meat), Frank Cordesmeyer (Good Seed Ventures), among many others.

What do our alumni companies say?

Chris Kong, Better Nature: The ProVeg Incubator has a global network of top-tier experts working with them. They’ll help you grow your business and take it to the next level.”

Isabella Iglesias-Musachio, Bosque Foods: “The exposure you get, from media to events, is exceptional. ProVeg really puts your startup in the spotlight.”

Nicolas Hartmann, Vly: “What I love about the ProVeg Incubator is the community. The support and vibe you get from being surrounded by like-minded founders is invaluable. You won’t find it anywhere else.”

About the ProVeg Incubator

  • Number 1: ProVeg Incubator was the first incubator for plant-based and cultured food startups when it began in 2018 and continues to lead the charge
  • Mission-driven: ProVeg Incubator is part of the not-for-profit food awareness organization ProVeg International https://proveg.com/ 
  • Not-for-profit: All funds are reinvested in ProVeg’s overarching mission to reduce global animal consumption by 50% by the year 2040.
  • Unique: ProVeg Incubator is the only accelerator program with a mission to take animals out of the value chain, with all potential gains reinvested in charitable work
  • Focused on startups: The team has screened more than 1,000 startups and worked with more than 80 alumni companies from all over the world throuhg its programs
  • More than the sum of its parts: ProVeg Incubator is not just an accelerator, or an investor, but a global organization with partners across industries, spanning both commercial and not-for-profit 

To stay up to date with all the latest news about the ProVeg Incubator, go to our website or follow us @provegincubator on LinkedIn, Twitter, and Instagram. 

ENDS  

Notes to Editors

For further information, please contact Vicki Sagar, Senior Marketing & Communications Manager for the ProVeg Incubator, on [email protected]

 

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