NEW YORK — FoodFutureCo (FFC) is looking for mission-driven food and agriculture companies to join its upcoming accelerator program. The investment platform is accepting applications for its Cohort10 program through Sept. 30.
Now in its sixth year, FFC is a scale-up accelerator focused on post-revenue, early-stage startups across the food supply chain. It helps businesses with proof of concept and established market traction scale-up to the next stage, said Shen Tong, founder and managing partner. It has partnered with businesses offering plant-based, sustainable and local products as well as food technology, agricultural technology and food waste solutions.
FFC provides an initial investment as well as a five-month mentoring program covering all aspects of scaling a business, from marketing and sales to operations, distribution, logistics and more. It also helps participants secure additional funding through the development of core business strategies, financial models and investor pitch materials as well as introductions to its investor network.
Mushroom jerky, plant-based frozen meals, dairy-free coconut yogurt, probiotic beverages and vegan ravioli are just some of the products offered by FFC’s portfolio companies. Graduates of the recent Cohort9 program include Peelon, a maker of plant-based coating technology for fresh produce; Farmer’s Grove, a brand of low-sugar botanical fruit beverages; ClickChefs, a meal prep business working with local chefs; and Molinos de la Especia, a manufacturer of dried spices operating in Southeast Asia.
To date, FFC has successfully supported 35 portfolio companies, secured 48 funding rounds and led 10 companies to exit.
“While some sectors face a challenging investment environment, innovations that help secure food supply chains in sustainable, affordable and ethical ways have never been more important,” Mr. Tong said. “We continue to see huge opportunities in this sector and have consistently seen 5x returns on investments with the companies we work with.”The accelerator is looking for businesses tracking an annual or projected turnover of $1 million for its Cohort10 program. Interested companies may apply directly throughFFCor via the online investment platformGust.