EIT FAN Helsinki (Food Accelerator Network)

AI Verified

Location

Spain


Investor type

Accelerator/Incubator


Current investment status

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Website

https://entrepreneurship.eitfood.eu/accelerate/


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Company address

Bilbao, Biscay, Autonomous Community of the Basque Country, Spain


Founding year

2016


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Criteria Requirements Match
Regions Eastern Europe, Middle East, Northern Europe, Southern Europe, Western Europe
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Company description

EIT FAN Helsinki (Food Accelerator Network) operates as an innovative 2-3 month accelerator program delivered through a hybrid model across six specialized European innovation hubs. Each hub focuses on distinct themes critical to food system transformation: Helsinki concentrates on circular food solutions, Haifa develops food as medicine initiatives, Munich tackles supply chain transformation, Warsaw advances resilient agricultural practices, Paris pioneers new ingredients and bioprocessing, while Bilbao specializes in sustainable food packaging solutions. This pan-European structure enables startups to access regionally-specific expertise while benefiting from the broader EIT Food ecosystem.

The accelerator provides comprehensive support designed to help promising agrifoodtech ventures validate their technologies and enhance both investment readiness and commercial viability. Participating startups receive mentorship from industry experts, access to state-of-the-art facilities for product testing, connections to corporate partners, and opportunities to showcase their innovations to qualified investors. The program's ultimate objective extends beyond mere business growth—it aims to catalyze meaningful market adoption of solutions addressing critical challenges in the European and global food systems.

EIT Food, the organization behind this accelerator network, operates as Europe's leading food innovation initiative, backed by the European Institute of Innovation and Technology (EIT). With over €400 million in funding support, EIT Food has built a robust consortium of 50+ partners from leading businesses, research centers, and universities across 13 European countries. The accelerator leverages this extensive network to provide startups with unparalleled access to market channels, scientific resources, and potential customers, creating a powerful launchpad for scaling innovative food technologies.

Investment focus within the accelerator spans across multiple stages, from seed to Series A, with particular emphasis on technologies addressing sustainability challenges, nutrition improvement, and supply chain efficiency. The program has successfully accelerated over 280 startups since its inception, with portfolio companies collectively raising more than €200 million in follow-on funding. Notable alumni include precision fermentation company Remilk, plant-based seafood pioneer Plantish, and food waste reduction platform Rubies in the Rubble. Startups selected for the program benefit from equity-free support while gaining visibility among EIT Food's extensive investor network, which includes prominent European venture capital firms specializing in foodtech and agtech investments.

Highlights

Theme-based accelerator with six innovation Hubs in Europe
Helps agrifoodtech startups advance investment readiness

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Frequently asked questions

Where is EIT FAN Helsinki (Food Accelerator Network) located?

EIT FAN Helsinki (Food Accelerator Network) maintains its global headquarters in Spain, serving as the strategic center for its operations. The company's primary corporate offices are located at Bilbao, Biscay, Autonomous Community of the Basque Country, Spain.

What investment stages EIT FAN Helsinki (Food Accelerator Network) focuses on?

EIT FAN Helsinki (Food Accelerator Network) focuses its investment activities on companies operating in the following stages: . EIT FAN Helsinki (Food Accelerator Network) provides strategic capital and expertise to support promising businesses at these critical phases of development.

Where does EIT FAN Helsinki (Food Accelerator Network) invest?

EIT FAN Helsinki (Food Accelerator Network) maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Eastern Europe, Middle East, Northern Europe, Southern Europe, Western Europe.

When was EIT FAN Helsinki (Food Accelerator Network) founded?

EIT FAN Helsinki (Food Accelerator Network) was established in 2016, marking the beginning of its journey as an investment firm.

What kind of investment firm is EIT FAN Helsinki (Food Accelerator Network)?

EIT FAN Helsinki (Food Accelerator Network) is the following type of investment firm: Accelerator/Incubator. The organization provides capital and strategic support to entrepreneurs and growing companies.