MONTREAL, Dec. 12, 2017 /CNW

Rabobank, a global food and agribusiness bank, will bring its next-generation food and agriculture pitch competition to Canada for the first time on May 16, 2018. The twelfth event of its kind, FoodBytes!Montreal provides a safe haven for entrepreneurs to receive the capital, mentorship and connections they need to grow their businesses. Pitch applications are open, and startups that demonstrate traction, scalability and innovation and are focused on sustainability and social impact are encouraged to apply.

Since launching in 2015, FoodBytes! has attracted 2,700 attendees and received over 1,100 applications from 30 plus countries. More than 170 companies make up the FoodBytes! alumni community, including Canada-affiliated startups PieShell, One Hop Kitchen and FlashFood.

"As a startup, it can be hard to figure out where your money is best spent. For us, investing time and money to be a part of FoodBytes! was a huge win and we are continuing to see the positive effects across all parts of our business," said Cheryl Clements, PieShell founder (FoodBytes! San Francisco 2017 Alum and Supporting Sponsor). PieShell is a niche crowdfunding platform that helps food and agriculture startups get to the next level. "We are huge fans of FoodBytes! and are eager to share the lessons learned with our fellow foodpreneurs: spending money to connect with the right people early on has high ROI. It gets your brand in front of new audiences and allows you to adjust your strategy if need be."

FoodBytes! was created as part of Rabobank's Banking for Food (B4F) vision to produce more food sustainably to feed a growing global population by 2050. The two-day event begins with a mentoring boot camp for the selected startups led by experts on branding, PR, legal, funding, consumer trends and supply chains on Tuesday, May 15. Ten companies will give 3.5-minute pitches and ten companies will give 60-second pitches on Wednesday, May 16 to hundreds of investors, executives, startups and media.

Photo: FoodBytes! Austin 2017. Photo credit: Kassie Borreson / / @hausfraufotografie.

"The 60 startups that presented on the FoodBytes! stage in 2017 pitched a wide range of new solutions to food and agriculture challenges. The leading trends displayed included clean product makeovers, plant-based protein and food waste reduction," said Paula Savanti, Rabobank senior consumer food analyst. Savanti expects FoodBytes! 2018 will unearth a new crop of novel ideas. "We are looking forward to seeing how those trends will continue build momentum in 2018 and also to see if new trends including meal and food replacement drinks, fermented beverages and personalized nutrition will gain traction."

Dateline for submission: Sunday, March 11, 2018 at 11:59PM ET

Source: Rabobank


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