Plant-based incubator to offer up to €200,000

The first plant-based food business incubator is looking for innovative startups to join its accelerator programme.

ProVeg Incubator is looking for companies around the world who want to scale up their plant-based food concept. It’s the first incubator to exclusively support startups producing alternatives to animal-based foods.

Each company accepted to join the Incubator will receive a €20,000 grant, with potential for a further €30,000 to €180,000 in seed investment after completing the programme, which is run in Berlin.

Applications are currently being accepted from entrepreneurs interested in joining up, which will begin in April and run for three months. The deadline for submissions is 16 February.

Albrecht Wolfmeyer, Head of ProVeg Incubator, said: “We are delighted to announce that ProVeg Incubator will be offering a grant of €20,000 to every startup that is accepted to join our programme, beginning with the next cohort. After completing the programme, these startups will also be considered to potentially receive additional seed funding of €30,0000 to €180,000.

“Supporting entrepreneurs who are passionate about redefining the food system is extremely exciting, and being able to offer a cash injection is another significant part of the package delivered by ProVeg. This funding will make a huge difference to startups in getting their businesses off the ground, boosting their research and development, and bringing their products and services to market.”

The ProVeg Incubator programme consists of a mix of intensive in-house and remote working weeks conducted over three months. Services include access to the co-working space in Berlin, one-on-one mentoring, workshops, expert talks, and exclusive events to help startups scale their companies, secure investment, and take their products to market.

Alumni include mushroom-based meat alternative business Mushlabs, and veg-based meat-alternative producers Plantcraft.

Interested entrepreneurs can apply for the fourth cohort online via the ProVeg Incubator website until 16 February 2020 (www.provegincubator.com/apply).