From America to Europe: Five Swiss startups have been selected to join global acceleration programs to pursue their growth ambitions. Plug and Play has selected two startups for its food and its insurtech acceleration program. In Europe, ScanTrust, CollectID and Foodetective will get support from European Innovation Council and SAP program respectively.
The global plug and Play Accelerator provides selected startups worldwide with access to leading corporates to help catalyse their innovation, and give them access to financing and its network. The upcoming Plug and Play Silicon Valley Summit from November 15-17 will feature over 250 startups across 17 verticals. Batch 12 of the Food and Beverages vertical includes Cultivated Biosciences, the startup specialising in alternative dairy fat. The company is developing a fermented creamy ingredient from GMO-free yeast which offers the creaminess needed for plant-based dairies such as cheese, milk or ice cream.
Two Swiss startups made it into SAP’s new start-up equity-free accelerator program focused on the “Future of Retail and Consumer Products” at the SAP.iO Foundry Paris, which has already supported 65 companies in developing their solution. Over the next five months, the cohort of 12 international start-ups will get access to personalised mentoring from SAP France executives, exposure to SAP technology and application programming interfaces (APIs), as well as opportunities to collaborate with SAP customers around the world. St.Gallen-based CollectID is dedicated to fighting counterfeits through its encrypted NFC tags, which are embedded in products to guarantee authenticity, improve the phygital experience and establish a direct communication channel between brands. Foodetective is a management platform and infrastructure (API) for the F&B industry. Companies use Foodetective to automate operations, simplify administration, increase online revenues and accelerate new business opportunities.