EIT Food Initiative Announces €875,000 in Funding for Startups Including Hooked & BettaF!sh
EIT Food, a food innovation community supported by the EU’s European Institute of Innovation and Technology (EIT), has announced the winners of its Fast Track to Market Initiative. A total of €874,503 will be awarded to four mature agrifood startups and SMEs. The funding will help the companies accelerate their commercial success, enter new markets, and expand in existing ones. The winners are: The winners will benefit from EIT Food’s Revenue-Based Financing (RBF), a success-sharing model that provides immediate funding with flexible repayments tied to future revenues. There are no fixed repayments or equity losses, allowing businesses to scale at their own pace. Payments start after project completion and continue for 1 to 5 years until a maximum threshold (award amount + 7.5% annual premium) …