At what stage should be the projects that you are looking for?
Who can apply?
We are interested in projects that will change the rules of the game in the food industry from areas such as:
- food – healthy and high-quality ingredients,
- protein – vegetable, of insects, in vitro meat,
- packaging – smart, biodegradable, edible,
- garbage – waste management in business,
- lifestyle – retail products, healthy eating, restaurant concepts,
- agritech – clean technologies for cultivating and producing food
If your product is included in one of the above categories – great. If not, convince us why we should engage in the development of your solution. Even if you do not qualify for the accelerator, there may be someone in our partner network who is looking for what you offer.
How long will the program last? When will the classes take place?
We start the program with the pre-acceleration weekend (April 12-14th, Friday evening – Sunday), during which we will want to get to know your projects better, provide you with some knowledge, see how you work and put your first challenges ahead. During this weekend we will decide which projects will qualify for the accelerator.
Then we give ourselves time for the paperwork, signing acceleration contracts and a May weekend breath. After the May weekend we start with 7 weeks of intensive work. Most of the workshops, meetings and sessions with mentors will take place 2 days a week (most likely on Wednesday and Thursday) during business hours, but there may also be individual shorter activities on other days.
On June 24th there will be a Demo Day during which you will present your project to our partners and potential investors.
However, our cooperation will not end with the Demo Day. The mission of the accelerator is the transformation of the food industry and we treat it as a long-term challenge. You can expect that our paths will intersect many times over the next few years.
Can I combine the program with my job?
We need your commitment. Your participation in the accelerator will require 2 business days off each week of acceleration. However, keep in mind that your participation and work on the project cannot be limited only to these days. You need time to work independently or with your team, meetings with mentors and potential clients, preparation of materials and everything that is associated with building a business. The decision whether you can combine this with regular work (e.g. using your holidays) is yours, but we encourage you to prepare as much time as possible.
How many people should participate in acceleration?
What if I am alone or I do not have key competences in a given field?
If you are alone, think if you have a person around you who would like to get involved in the project with you, but it is not obligatory. If you are a great scientist / engineer / programmer, but you are afraid that you do not have enough competences to build your own business around your project, do not worry – you will learn a lot from us. Maybe we can help you find someone who will complement you and your team with the missing skills.
Where will the program take place?
In what language will the program be held?
We think globally, so the program will be held in English in order to reach the largest possible audience.
How do you finance the accelerator?
The accelerator is financed with own funds, because we treat it as the project of our life, in which we want to invest and implement in the long-term and funds of our partners who understand what we do, want to be part of it and believe that this investment will pay off. If you want to join foodtech.ac partners, write to us – email@example.com
How much does it cost to participate in the program?
The participation fee in the acceleration program is 1000 PLN + VAT and is charged on projects that will be qualified and will decide to participate in acceleration.
We believe that if you think about your business seriously, this amount should not be a problem. In addition, as an accelerator, we cover 2% of shares in your project, and another 1% will be covered by your mentor who will be your guardian and advisor both during the program and after its completion. All terms of cooperation will be written down in a clear contract.
Participation in the pre-acceleration weekend is free – we want to give a chance and take a look at as many projects as possible.