New start-up program launched to support entrepreneurs building circular economy
Program provides mentorship, advising, and $300,000 in equity-free grants to companies
Today, the U.S.-based nonprofit Food System 6 (FS6) announces the launch of a comprehensive startup program in partnership with global sustainable food packaging leader Huhtamaki. The Huhtamaki Circular Economy Startup Program by Food System 6 is designed to accelerate the development of young and promising companies working for a more sustainable future. It will focus on identifying and developing early-stage companies with innovative and promising sustainable solutions in areas such as waste diversion, sustainable packaging alternatives, new materials innovations, and regenerative production models.
cromaconceptovisual / Pixabay
“Our program is happening at a critical time. The COVID-19 crisis has exposed the vulnerabilities that already existed in our fragile food system,” said Caesaré Assad, Chief Executive Officer of Food System 6. “We need solutions now that will support regeneration and circularity across agriculture, food distribution and production. By supporting entrepreneurs, we can rectify the problems that impact people and our planet to create a stronger, resilient, and equitable world.”
The program will focus on fostering innovative solutions for the development of a circular economy across the food system value chain with the aim of increasing the long-term health and resilience of our planet. Through the partnership with Huhtamaki, FS6 is providing critical mentorship, advising and networking resources to give direct support to selected participants to help build on their ideas and work towards building to scale. In addition, up to $300,000 in equity-free grants will be disbursed to eight selected companies.
“At Huhtamaki we know we need to act today, educate for tomorrow and take bold innovative bets, if we are to deliver viable sustainable solutions for future generations. Creating a circular economy is one of the most important steps towards delivering a sustainable food system. We have partnered with Food System 6 to discover, develop and deliver innovative solutions,” said Charles Héaulmé, President and CEO of Huhtamaki. “Huhtamaki is committed to protecting people, food and the planet. Our partnership with Food System 6 is an important part of creating the future we believe is possible.”
The Huhtamaki Circular Economy Startup Program by Food System 6 is open for applications. Diverse companies and entrepreneurs that have real solutions that can help create circular economy solutions are encouraged to apply. The submission deadline is August 15. Selected participants will be announced in the fall 2020.
Other news from the department business & finance
Get the food & beverage industry in your inbox
From now on, don't miss a thing: Our newsletter for the food & beverage sector brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.
Most read news
More news from our other portals
Possible trigger of Crohn’s disease discovered
Dysfunctional mitochondria disrupt the gut microbiome
Cost-effective modular system for optical imaging from the 3D printer
Like building with Lego bricks
Something is happening in the food & beverage industry ...
This is what true pioneering spirit looks like: Plenty of innovative start-ups are bringing fresh ideas, lifeblood and entrepreneurial spirit to change tomorrow's world for the better. Immerse yourself in the world of these young companies and take the opportunity to get in touch with the founders.
