Agrofood BIC
About this good practice
Resources needed
Every partner put at disposal of the innovators its plants, as well as 1 Board member for the Board of Directors and at least 1 R&D Director for the Technical Committe per partner; the project requires also R&D staff. The project is run thanks to annual partners fees plus flexible investments.
Evidence of success
The first success of the project is the cooperation of 6 leading companies in different sectors, that aggregated their skills to seize and enhance valuable business opportunities. Moreover, the project opens factories to young innovators. The first call for ideas has been released in 2020 to support 5 promising innovators in the fields of nutrition & health and innovative sustainable packaging. Two start-ups financed till now: Cynomys (sensors for stables) and Mirnagreen (micro RNA plant based).
Potential for learning or transfer
The project aims at boosting innovation in the agri-food sector, thanks to innovative sustainable solutions. It scouts young entrepreneurial ideas in the spaces and plants of leading companies offering a direct insight on the manufacturing systems and on the target market. The specificity of the project is that the project works on common needs and shared results thanks to the cooperation between companies.
Agrofood BIC has financed 2 start-ups in the first year but it plans to widen the ideas financed as the Covid pandemic will cease or slow its effects.
Further information
Website
Good practice owner
Agrofood BIC S.r.l.