IFTNEXT Food Disruption Challenge Now Accepting Applications
Competition offers startups the opportunity to pitch their idea, product, or innovation and get high- profile exposure
CHICAGO, Dec. 12, 2019 /PRNewswire/ -- Applications to participate in the Institute of Food Technologists' (IFT) third annual IFTNEXT Food Disruption Challenge™ competition are being accepted through January 9, 2020. Launched in 2018, the IFTNEXT Food Disruption Challenge™ is designed to help emerging and investment-ready food companies gain visibility and make strategic connections.
The competition is for companies that represent innovative solutions throughout the supply chain including ingredients, processing, packaging, testing, as well as technology solutions including: internet, mobile, clean tech, web-based applications, cloud, ERP, SaaS, etc.
Criteria to compete in the Food Disruption Challenge competition includes:
- The startup company's primary business focus needs to be in the food science or technology domain and may cover any component of technology which enhances the science of food.
- The entrepreneur/organization must be an operating and registered entity as either a proprietary firm, partnership firm, limited liability partnership, or private limited in the country they are representing.
- The company must be in business, have a product or service clearly defined and must be in the Pre-Series A Round (seed stage).
Finalists will be selected in three stages, with six finalists chosen to participate in a six-week mentoring program where they will receive guidance from business experts. From there, finalists will be chosen to present their innovations in a high-profile pitch competition at IFT's Annual Event and Food Expo in Chicago on July 14, 2020. A panel of notable judges representing influential sectors of the food and related industries will select the recipient of the IFTNEXT Future Food Disruptor of the Year™ award, which includes a $25,000 cash prize.
IFTNEXT Food Disruption Challenge™ session attendees will be asked to select an IFTNEXT Future Food Disruptor People's Choice awardee for a cash prize of $5,000. In addition to the cash prizes, other services and products for entrepreneurial advancement will also be included.
Each of the finalist companies will be awarded a $1,100 stipend for travel-related expenses, with two complimentary registrations to IFT's Annual Event and Food Expo and the opportunity to exhibit in IFT's IFT20 Startup Alley (separate fees apply). There is no cost to apply to the competition, though other costs may be incurred, and are the responsibility of the applicant. All applications must be submitted no later than 11:59 p.m. (PST) on January 9, 2020.
To learn more about the competition and apply, please visit: ift.org/fooddisruption.
About IFT
The Institute of Food Technologists (IFT) is a global organization of nearly 16,000 individual members from more than 100 countries committed to advancing the science of food. Since 1939, IFT has brought together the brightest minds in food science, technology and related professions from academia, government, and industry to solve the world's greatest food challenges. IFT works to ensure that their members have the resources they need to learn, grow, and advance the science of food as the population and the world evolve. IFT believes that science is essential to ensuring a global food supply that is sustainable, safe, nutritious, and accessible to all. For more information, please visit ift.org.
SOURCE Institute of Food Technologists
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