Techstars Future of Food Powered by Ecolab

Minneapolis, USA
Deadline: Closed

Accelerates startups innovating how we feed a growing population safely and sustainably.

About This Program

History and Founding Story

Techstars Future of Food, powered by Ecolab, emerged from a strategic partnership aimed at fostering innovation in the critical domain of food technology. This program was specifically designed to address the complex challenges of feeding a growing global population safely and sustainably. The collaboration with Ecolab underscores a shared commitment to advancing solutions across the entire food supply chain, from farm to fork. The program's roots can be traced back to previous iterations, such as the Techstars Farm to Fork accelerator, indicating a continuous evolution and deepening focus on food innovation.

Mission and Values

The core mission of the Techstars Future of Food program is to accelerate startups that are innovating how humanity feeds itself in a safe and sustainable manner. This mission is deeply embedded in the program's values, which prioritize environmental stewardship, food security, and technological advancement. The program seeks out entrepreneurs who are driven by profit and by a desire to create meaningful, impactful solutions for global food systems. This is exemplified by Managing Director Sarah Bain's statement: "Entrepreneurs take risks most people won’t, and I find that courage contagious. If you're driven, building something meaningful, and intellectually honest, I want to be part of your journey."

Program Structure and Timeline

The Techstars Future of Food program is an intensive, mentorship-driven accelerator designed to rapidly advance early-stage companies. Techstars programs typically run for 13 weeks. Participants engage in a structured curriculum that includes workshops, one-on-one mentor meetings, and opportunities to refine their business models and pitches. The program culminates in a Demo Day where startups present to a curated audience of investors, corporate partners, and industry leaders.

Mentorship and Network

Mentorship is a cornerstone of the Techstars experience. The Future of Food program boasts a robust network of experienced mentors, including Managing Director Sarah Bain, Investment Analyst Arthur Parens, and Entrepreneur in Residence Brett Brohl. Additionally, the program leverages a broader network of "Techstars All Star Mentors" alongside Mentors in Residence. This diverse group provides guidance on everything from product development and market strategy to fundraising and team building.

Investment Terms

While specific investment terms are not explicitly detailed, Techstars typically invests in participating companies. Historically, Techstars offers a standard deal that includes an investment in exchange for a percentage of equity, along with access to their extensive network and resources.

What Makes It Unique

The Techstars Future of Food program is unique due to its dedicated focus on the intersection of food, safety, and sustainability, backed by the deep industry expertise and resources of Ecolab. This strategic partnership provides startups with access to corporate insights, pilot opportunities, and a direct pathway to solving real-world challenges within the food industry.

Notable Outcomes

One specific outcome mentioned is Milk Moovement, which raised a $20 million Series A round. This demonstrates the program's ability to support companies in achieving significant funding milestones.

What Participants Can Expect Day-to-Day

Participants can expect an intense, fast-paced environment filled with learning, collaboration, and rapid iteration. Days will involve structured workshops on topics like fundraising, marketing, and legal aspects, alongside one-on-one meetings with mentors to discuss specific challenges and strategies.

What You Get

• Mentorship from industry experts and Techstars All Star Mentors
• Access to Ecolab's corporate expertise and resources
• Networking opportunities with investors and corporate partners
• Strategic guidance from experienced Managing Directors and Entrepreneurs in Residence
• Exposure through Demo Day presentations
• Community and peer-to-peer learning

Eligibility

The program targets early-stage startups focused on the future of food, safety, and sustainability. Applicants should demonstrate innovative solutions and a strong team. The program is based in Minneapolis, suggesting a potential preference for teams able to engage locally.

Notable Alumni

Milk Moovement - Successfully raised a $20 million Series A round.