Libre Foods bacon

© Libre Foods

Politics & Law

The Government of Catalonia Invests €12M in Open Access Facility for Alternative Proteins 

The government of Catalonia will invest €12 million in a pre-industrial facility to extract, produce, and develop alternative protein ingredients and foods. The facility, located in Alcarràs, Lleida, will provide open access, from R&D to pre-industrial manufacturing, for companies to validate their developments before mass production. As reported by local news, the complex will feature different production lines, including plant protein extraction, wet extrusion, and final product processing. It will also offer a dedicated precision fermentation facility and an analysis laboratory to help companies bring innovations to market. According to local media Aral, the facility will “open access to any of the hundreds of Spanish producers currently interested in developing innovative lines of alternative foods to meat.” The project is part of the Biohub Cat, an …

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Image courtesy of Cocuus

Printed Technology

Spain’s Cocuus Plans to Produce 1,000 Tonnes of 3D Printed Plant-Based Bacon in 2024

Cocuus, a Spanish food tech company producing 3D-printed plant-based foods at scale, has revealed an ambitious goal for 2024: to make 1,000 tonnes of 3D-printed plant-based bacon. With the global alternative proteins market expected to reach a minimum value of $290 billion by 2035, according to BCG and the Blue Horizon Corporation, the company aims to accelerate the production of 3D-printed plant-based bacon for distribution in retail and other channels. Early investors Cargill and Big Idea Ventures will support the food tech’s mass production of plant-based food.  Last year, Cocuus and partner company Foody’s opened what they claimed as the world’s first industrial-scale facility for 3D-printed plant-based meat in Northern Spain, equipped with Cocuus’ advanced printing technology: only one machine can produce 250 kilos of plant-based …

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3d bioprinted bacon launches at Carrefour

© Foodys

Investments & Finance

Spanish Food Tech Sector Raises €226M in 2023, Demonstrating Resilience Despite Global Economic Crisis

Spanish food tech accelerator Eatable Adventures has released the fourth edition of The State of Foodtech in Spain 2023, revealing the strength and resilience of the ecosystem at the national level.  Figures of the investment landscape during the year show that despite the global economic crisis and the sharp drop in investment worldwide, Spanish startups managed to secure €226 million in 2023. According to Eatable Adventures, this total represents a decrease of only 16% compared to the previous year — a moderate slowdown. For context, according to the data from last year’s Eatable Adventures study, the food tech investment in Spain reached €268 million in 2022, marking a growth of 9.3% compared to 2021. Among the leading national investors stands out Capsa Vida, which supported the food …

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Tuna steaks made from upcycled algae by Poseidona

Tuna steaks made from upcycled algae by Poseidona, Image courtesy of Eatable Adventures

Startups, Accelerators & Incubators

Spain Foodtech Startups Program Reveals 2023 Cohort of Agrifood Pioneers

Spain Foodtech Startups Program announces its 2023 cohort, with four Spanish startups leading the new agrifood revolution with innovative technologies, natural alternatives, and upcycled proteins. Backed by an impressive investment of €10 million, this program aims to support the selected startups over the next three years to make them capable of competing globally. Spain Foodtech, a collaboration between Eatable Adventures, ICEX Spain Export and Investments, and CNTA, seeks to position Spain as a technological leader. According to the data from an Eatable Adventures study, the food tech investment in Spain reached €268 million in 2022, marking a growth of 9.3% compared to the previous year. Four pioneers From over 120 applications, Spain Foodtech selected the following startups: Bio2coat: Develops natural coatings that extend the shelf life …

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colombia foodtech acceleration programe first cohort.

Image courtesy of Eatable Adventures

Startups, Accelerators & Incubators

Colombia Foodtech Acceleration Program Announces First Cohort to Support Entrepreneurial Ecosystem

Colombia Foodtech Acceleration Program announces the launch of its first edition with five startups focusing on the health and wellness food market participating in the first cohort. According to the Organisation for Economic Growth and Development (OECD), Colombia is the third most entrepreneurial country among its 34 members, behind Chile and Korea. It is one of the few countries in Latin America with two unicorn companies, Rappi and Habi. The young program, which seeks to develop and strengthen the entrepreneurial ecosystem of the agrifood industry in Colombia, is led by the center for innovation in Colombia Vertical-i in alliance with Eatable Adventures, a leading European and LATAM food technology accelerator. It is also supported by Colombia’s Gobernación del Atlántico and the General System of Royalties. Products …

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A mushroom burger

© Innomy

Fungi, Mushrooms & Mycelium

Spain’s Innomy Receives €1.3M For Mycelium-Based Meats 

Spanish startup Innomy, dedicated to mushroom-based alternatives to meat, announced it has raised €1.3 million in a Pre Series A funding round to scale, promote and market its products in Europe. Innomy is part of Spain Foodtech startup acceleration program developed by Eatable Adventures in collaboration with ICEX (Spain Export and Investment), CNTA, and Rockstart’s AgriFood program. Innomy is based in Bilbao and was founded in 2021. The team consists of CEO and co-founder Juan Pablo de Giacomi, COO and co-founder Pablo Sánchez Rey, and mycologist CSO Francisco Kuhar. Innomy says it is developing a new generation of healthier, sustainable, and more delicious meat alternatives combining fungi and biotechnology. For years, the startup has been researching mycelium properties and their benefits on people’s health and …

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Mylkcubator logo

© Pascual

Startups, Accelerators & Incubators

Second Cohort of Mylkcubator Launches to “Future Proof the Dairy Industry”

The second cohort of Mylkcubator, an incubator for cell-based dairy products, has now launched. The incubator is seeking to enroll five startups or projects in the fields of molecular farming, fermentation-based, cell-based, and applied technologies. Mylkcubator is operated by Pascual Innoventures — the corporate venture unit of Spanish dairy manufacturer Pascual — in collaboration with global foodtech accelerator Eatable Adventures. The program is open to startups worldwide. Mylkcubator 2.0 is set to last six months, from the selection of the startups through to the final demo day. According to Pascual, dairy products produced via cell cultivation and fermentation present a “huge opportunity” for the dairy industry. First cohort Mylkcubator’s first cohort was announced last May, with four startups — De Novo Dairy, Pure Mammary Factor, …

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Foody's and Cocuus to launch bioprinted bacon

Bioprinted bacon © Cocuus

Printed Technology

3D Bioprinting Startup Cocuus Raises €2.5M in Pre-Series A Featuring Meat Giant Cargill 

Spanish startup Cocuus has raised €2.5 million in its Pre Series A funding round to scale its 3D bioprinting technology for the production of alternative proteins. Cargill Ventures, the investment arm of the multinational meat giant Cargill, has backed the round to accelerate Cocuus’s process for producing plant or cell-based animal protein food analogs. The Pre Series A funding round was also led by Big Idea Ventures, Eatable Adventures, and Tech Transfer UPV, after Cocuus had completed Eatable Adventures’ acceleration program, one of the top global accelerators for food tech startups. Navarra-based Cocuus now aims to scale its business model and expand into other international markets, enabling it to utilize its disruptive 3D bioprinting and robotics technologies Spanish startup Cocuus claims it can print cutlets, …

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EATABLE Adventures

© EATABLE Adventures

Company News

Eatable Adventures Launches €50M Fund to Disrupt Food & Ag Tech

Eatable Adventures, one of the top 3 food-tech accelerators in the world, announces the launch of Eatable Evolution Fund FCR I; a €50 million fund that will be the biggest fund of its kind in Spain and one of the top three in Europe. The vehicle will make early and growth-stage investments targeting the most disruptive startups in food and agriculture tech across Europe and Latin America. Eatable Adventures reports that it has launched more than 20 corporate programs, ten successful accelerator and incubation programs, and oversees a yearly deal flow of 1,400 global food-tech startups and operations running across four continents. Eatable Adventures’ latest accelerator program, Spain Foodtech, included rising names in foodtech such as 3D printed plant-based steak producer Cocuus. Following its investor …

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Cocuus Steak

©Cocuus - Bio-printed plant-based steak

Startups, Accelerators & Incubators

Value of Spanish Startups Increase By More Than Sixfold Following First Spain FoodTech Accelerator

After celebrating the investor demo day for the first cohort of the Spain FoodTech accelerator program, the chosen startups’ valuations (as listed below) have risen by over sixfold, now boasting an average valuation of €7.5 million. The disruptive startups include a hyper-realistic 3D printed plant-based steak, precision fermentation proteins, mycelium-based burgers, checkout technologies, and hydroponic vertical and indoor farming.  “They are already getting solid traction with leading international investors and corporations” Presented by Eatable Adventures – a global foodtech accelerator and investor – the Spain FoodTech accelerator program received over 200 applications for the first edition of Spain Foodtech, including foreign entrepreneurs willing to locate their headquarters in Spain. Applications for the next cohort are now open for the 2022 edition. Display content from YouTube …

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