Sustainability remains a consistent theme amongst food producers, as consumers continue to seek out better-for-you offerings that are also better for the environment. To pursue and support innovative sustainability solutions, Tyson Ventures, the venture capital arm of Tyson Foods, recently held its annual pitch event, Tyson Demo Day 2023.
“It was inspiring to hear from so many creative entrepreneurs who have a passion for innovation and sustainability,” said Tyson Ventures President and Tyson Foods Chief Financial Officer John R. Tyson. “We have a critical role to play in responsibly producing food for a growing world, and I’m excited to dig deeper into the startup solutions that can help us feed the world together.”
This was the event's second year, and its theme was upcycling. According to a release, selected startups presented upcycling business ideas to executive leaders at Tyson Foods, encouraging innovators and entrepreneurs from around the globe to apply breakthrough ideas to help the company implement sustainable solutions.
The Ventures Innovation Partners (VIP), which consisted of a broad cross-functional panel of Tyson team members, selected four startups, from animal byproducts to digital enablement, to receive mentorship and other partnership opportunities with Tyson. Of the 11 participants, those selected were GenoTwin, NetZro, SuperGround, and ZwitterCo.
Tyson Ventures is focused on being a strategic partner for innovators who can transform the food industry and provide sustainable nutrition to a growing global population. Since it was created in 2016, the arm has invested over $100 million in emerging proteins, new food and worker safety technologies, and sustainable food production.
As Tyson continues pursuing sustainable solutions, Deli Market News will keep you up to date with the latest developments.
