Startup Innovation Challenge 2021: Recognising disruptive ideas in F&B innovation6 Dec 2021
The Fi Global Startup Innovation Challenge aims to support innovative projects within the F&B industry by offering startups the opportunity to showcase their innovations and meet the industry's foremost ingredients professionals.
Since 2016, the Fi Global Startup Innovation Challenge have been connecting startups with investors, venture funds, and the F&B industry. Startups receive valuable feedback about their business model, products, technologies and services, and can win valuable prizes.
With the 6th edition of the Startup Innovation Challenge, three companies received a coveted award recognising their potential.
The Most Innovative Plant-Based or Alternative Ingredient award went to Sophie’s BioNutrients, for developing a new and sustainable plant-based protein from microalgae. The startup is making their product relevant by shifting the focus towards application, tending to talk more about the functionality of their protein rather than nutrition.
“Receiving this award means a lot! First of all, it is confirmation that we are on the right track. Secondly, it helps us to spread our message to more people. We want to show them that this is the future – and this award does just that,” said co-founder and CEO, Eugene Wang.
The Most Innovative F&B Ingredient or Processing Technology award was awarded to NoPalm Ingredients for trying to replace palm oil as ingredient with their sustainable microbial oil solution. The microbial extraction can serve as either a pure or fractional replacement, is non-GMO and vegan-friendly.
“We are the only company using side streams for palm oil alternatives and, as such, reducing our customers’ carbon emissions. The award is great recognition that we are on the right path and that there is a bright future to come, and we are therefore very humbled to have won against such great competitors,” said co-founder and CEO, Lars Langhout.
The Most Innovative Service or Technology Supporting F&B award went to Allozymes for applying its proprietary platform technology to rapidly develop novel enzymes, revolutionising the way industry can produce complex natural products. Allozymes believes that biotechnology is a necessity for sustainable manufacturing in all sectors and through their technology, they are enabling F&B industry’s adoption thereof.
“We shorten the development of biotech products by 10x and provide 200x higher chance of success at a fraction of cost. Being recognized as the most innovative technology supporting F&B as a first winner in Food ingredients Global proves that we are achieving our mission,” said co-founder and CEO, Peyman Salehian.
The Fi Global Startup Innovation Challenge Awards Ceremony was held live at the Innovation Hub at Fi Europe 2021, co-located with Hi Europe, on 1 December 2021, and was also streamed to Fi Europe Online.
Digital innovations and holistic health in the Chinese market
13 Jun 2023
Health and wellness consumers in China are much younger than in the West, according to industry experts who say a tendency to act preventatively rather than reactively, coupled with a digital-first culture, gives brands an opportunity to retain consume...Read more
Brands must ‘do better’ to meet maternal nutrition needs
6 Jun 2023
Brands in the health and nutraceutical space must work harder to overcome common challenges and meet the nutritional needs of pregnant and post-natal women, says Caroline Munari, global R&D platform lead for maternal nutrition at Nestlé's sp...Read more
Most categories trading down in US supplements market, says SPINS
5 Jun 2023
Hit by the cost-of-living crisis, sales of most US vitamin and mineral supplements have declined – with the exception of probiotics, digestive aids, and homoeopathic medicines, according to SPINS data.Read more
Should brands make healthy products more affordable?
17 May 2023
Do health and wellness products need to be affordable or are consumers willing to pay a premium for a health benefit despite the cost-of-living crisis? We asked two leading market experts – and received different answers.Read more
Health innovation takes centre stage at Vitafoods Europe
26 Apr 2023
In just two weeks, Vitafoods Europe will showcase the biggest nutraceutical innovations, trends, and startups thanks to its conference programme with expert speakers, Future of Nutrition Summit, and Startup Innovation Challenge.Read more
Redefining brand value: Empower consumers to be resourceful and creative in the face of rising costs [Interview]
16 Nov 2022
With inflation, greater instability, and supply chain disruptions as a global backdrop of 2022, consumers are increasing looking for value, products with functional benefits, and convenience for the coming year, says Innova Market Insights.Read more
MicroThermics’ Formulators Guide to Process Selection for Plant-Based Beverages
15 Nov 2022
Plant-based beverages & products are mainstream! Come to FIE booth 4D122 & read our whitepaper to see how processing in the lab at commercial HTST & UHT conditions gets you to market faster for less!Read more
Affordability, indulgence, and health: Top trends for 2023 [Interview]
14 Nov 2022
Consumers want affordable alternatives that offer the same great taste and health benefits as their favourite products. Brands that can deliver on this will dominate in 2023, according to Mintel.In the food and beverage space, consumers are key in driv...Read more
Give your fermented protein drinks a clear head start
10 Nov 2022
Fermented protein beverages are rising in popularity as more consumers make efforts to strengthen their health and wellbeing. Made for the ready-to-drink segment, products such as kombucha and drinking yoghurt are gaining traction as healthier alternat...Read more
Red Bull’s ex-head of marketing shares strategies for social branding success [Interview]
21 Oct 2022
Ex-head of marketing at Red Bull Europe and current CEO of energy drink TENZING, Huib van Bockel, shares his top tips for cutting through the marketing noise and creating a socially relevant brand.Read more