TYSON VENTURES INVESTS IN CUTTING EDGE SUSTAINABILITY TECH
Tyson Ventures has announced a new initiative to help the American meat giant reach its sustainability goals.
The venture capital arm of Tyson Foods will gather ideas from entrepreneurs and innovators to create a more transparent food system.
This will feature the company’s first ever pitch event for sustainability entrepreneurs and startups dubbed Tyson “Demo Day.”
The virtual event takes place on July 11, 2022, and will invite selected participants to demonstrate how their solutions could help create a more sustainable food system.
Tyson Foods hopes the event will result in breakthrough, sustainable technologies that can help it reach its sustainability goals.
John Tyson, president of Tyson Ventures, said: “Our ambition is to be the most sustainable and transparent food company in the world and we believe long-term sustainability will be tied to innovation.
“We want to play our part and help foster those innovations we think will have the greatest impact to our food system. We are absolutely committed to work toward a more sustainable food future and partner with future visionaries in this space.”
Tyson Ventures said it is looking for ways to reduce food waste and greenhouse gas emissions and to address animal welfare, soil health, water management, regenerative agriculture and sustainable packaging.
Startups can apply to take part in the virtual Demo Day via the Tyson website until May 15.
The firm is taking an accelerator approach to the complexities of improving the sustainability of manufacturing meat products by inviting outside experts to get involved.
At Tyson Demo Day, selected companies will get the opportunity pitch their solutions to Tyson Foods executives.
Following the event, startups will have the chance to engage with members of the senior leadership team and partner with the company on breakthrough ideas to help advance sustainability across the firm.
Tyson Ventures holds first ever pitch event
Experts from Tyson Foods will evaluate the entries and choose which companies will present their solutions virtually on July 11, 2022.
Applicants will be assessed based on alignment with Tyson Ventures’ investment strategy, the solutions they present, and the potential those solutions have to help Tyson Foods meet its sustainability goals.
Solutions that align with those goals include greenhouse gas emission reduction, reducing food waste, animal welfare, regenerative agriculture, packaging, soil health, and water management.
Since its inception in 2016, Tyson Ventures has invested more than $100 million (€90.3m) in startups and other companies focused on emerging proteins, new technologies for food and worker safety and sustainable food production.
The venture capital arm is a recognised leader in protein and aims to be the strategic partner of disruptive innovators transforming the food industry and providing sustainable nutrition to a growing global population.
Its investments are focused towards three strategic areas including emerging proteins, enabling technologies and innovations that empower people, protect the planet and cultivate smart, responsible agriculture.