With a growing global population expected to exceed 9.7 billion by 2050, and food production already accounting for about one-third of global greenhouse gas emissions, the need for new solutions is becoming increasingly urgent. Agrifoodtech companies are developing groundbreaking technology that could transform how we produce, distribute, and consume food.
But technology alone won't solve the problem. To bring about lasting change, companies must build robust business models, secure early market traction, and have a clear strategy for scaling and commercialization.
Commercialization expertise and pace must increase
There are many good examples of agrifoodtech companies that are developing technology that can provide us with more food on less land, reduce emissions, and make our food systems far more sustainable (see, for example, Aggrator companies and alumni; Kilter, AgriSenze, N2 Applied, WinterLeap, and Saga Robotics). .
Nevertheless, the challenges are often the same: lengthy development and testing cycles, stringent regulatory requirements, and a fairly conservative industry that rarely adopts new technology without solid documentation. In addition, the value chains are complex, willingness to pay is relatively low, and investors are often skeptical of the sector’s long time horizons. As a result, many companies spend more time than expected proving efficacy, adapting to the market, and finding a scalable business model.
From ambition to growth
The transition from a good idea to a scalable business is challenging. That is why we have developed the ESSE program—to provide agrifoodtech companies with the commercial expertise, insights, and network needed to accelerate their development. The goal is to help promising technologies move more quickly from concept and pilot to market, growth, and real impact.
Do you want to take your company from ambition to growth? Join us at ESSE growth program.
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