Banco Santander and Oxentia Foundation are launching the Santander X Global Challenge | Food for the Future to seek startups and scaleups with innovative and scalable solutions using food technology. The aim of both institutionsis supporting innovation to improve productivity and employment, as well as to solve problems relevant to society.
This new global challenge is aimed at startups and scaleups from 11 countries (Germany, Argentina, Brazil, Chile, the US, Spain, Mexico, Portugal, Poland, the UK and Uruguay), with an innovative and technology-based product.
Applications can be submitted until 10 November.
Participants must submit a project in response to the challenge of food innovation, this can include the following:
- Feeding the World: Solutions that address the increasing world population and general shortage of food. This may include transforming agriculture, producing alternative, proteins, avoiding produce damage and waste.
- Super Food: Solutions which focus on the health and environmental benefits of the food we consume. This can include the increase in plant-based foods and the linked benefits on the environment, but also utilising medical properties in food, as well as nutrition education and solutions to improve diet and preserve our health.
- Food Tech: Harnessing technology to innovate the food industry. From home preparation devices and gadgets to better inform consumers, to technology used in manufacturing, packaging and distribution.
There will be six winning projects, which will receive €120,000 in prizes between them.
- €30,000 for the three winning startups (€10,000 each)
- €90,000 for the three best scaleups (€30,000 each)
They will also have access to Santander X 100, Santander X’s prime community of leading start-ups, which connects them to the resources they need to grow. providing: advice and training, capital, customers, talent, networking and other valuable resources.
