StartLife invests in agrifoodtech startups

In the next few years, innovative tech startups working to make our food chain more sustainable can request subordinated loans from StartLife. The loans will vary from €75,000 to €250,000. Financing is from a new fund, Startup Fund Gelderland (SFG). By offering favorable, subordinated loans, StartLife enables young technology companies to realize innovative solutions for sustainable food production. For example, technologies that contribute to reducing greenhouse gases in agriculture, reducing waste in food chains and developing meat substitutes.

StartLife offers the loans in combination with professional coaching and supervision. Under the motto ‘stronger together’, startups will also have access to the knowledge and experience of prominent corporates and investors in the agriculture and food industry that are affiliated with StartLife. And of course, warm connections can be made to StartLife’s founding partner, Wageningen University & Research.

In addition to aligning with StartLife’s mission to make food systems more sustainable, companies must also have technology that is both protectable and scalable. In addition, the company must create a demonstrable economic or social impact in the province of Gelderland by being located here or carrying out part of its business activities here. This also explains why the fund is called ‘Startup Fund Gelderland’.

From €6 million to €180 million

The loans are from a so-called ‘revolving fund’. Loans that are repaid become available again for new loans. With this system in place, StartLife expects to offer about €6 million in loans to agrifood startups in the next few years.

Start-life.nl