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A day with DigitalFoodLab (webinars and more on Thursday)

Published on July 8, 2020

Hey,

Startups are raising huge sums of money, and new deals are popping everywhere again… This feels almost as if life was going back to normal and we are glad to spend more time working with our clients and partners and new and exciting projects!

Today, we want to share with you two webinars that we will part of this Thursday (an unexpected coincidence) on two very different and exciting topics.

First, at 9am CET, I’ll present a 30 minutes (English, free webinar with Q&A) introduction to the innovation ecosystem working around packaging. With our partner, Vitagora, our goal will be to answer these three questions :

  • What are the emerging angles of packaging innovation coming from start-ups?
  • Where are the hubs and clusters nurturing these innovative entrepreneurs?
  • What investment trends are we seeing?

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Then, at 1:30pm (CET) DigitalFoodLab’s co-founder, Jérémie will take the (virtual) stage of the LFDay for a 30 minutes introduction (in French) to the investments into AgTech in Europe and in France. He’ll give you a perspective on the evolution and the future of this ecosystem, quite dominant in the French and European FoodTech.

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I hope I’ll see many of you there!

Have a great week!
Matthieu

TOP INSIGHTS FROM DIGITALFOODLAB

#1 – VIDEO (French) on FoodTech opportunities post-COVID

One month after the release of our report on the investments on European FoodTech, we have taken the time to confront this data and the impact of COVID-19 on the FoodTech ecosystem.

In this 1h-long webinar, you’ll hear from us and our partners (investors, corporates, advisors) about the consequences of the pandemics on innovation inside corporations and in the startups.

More here

#2 – Irish grocery delivery startup BuyMie raises €5.8M while Instacart raises $225M

Grocery delivery startups enable the consumer to find a supermarket in its neighbourhood, make its online groceries shopping on their website (and not on the website of the individual grocers). Then, they send independent shoppers to do the actual shopping inside the stores, to finally deliver them to the doors of the consumers. The promise is quite simple: your groceries at your door in one hour, without moving from your couch. These startups can be compared to restaurant delivery players such as Deliveroo or Uber Eats, but with groceries instead of meals.
Instacart, the leader in the US, just raised $225M at a $13.7B valuation. It is now accounting for more than half of the US online grocery market. In the meantime, Ireland-based BuyMie raised €5.8M to expand to the UK…

More here

#3 – Swile raises €70M to grow its benefits app

The French startup formerly known as Lunchr has raised €70M to expand in new markets. Initially focusing on payment cards for employees to pay for their lunches, it is now betting on other corporate gifts cards.

More here

As you can see, FoodTech is indeed moving faster than ever in 2020. But you are not alone. DigitalFoodLab is here to help you :

  • Stay at the top of your domain. We prove exclusive insights and information through talks and our FoodTech watch
  • Prepare for the future. We help you make plans for long term trends and their implication on your business and to identify the right startup to work on your current issues.
  • Innovate faster. We work with you to define the innovation strategy fitted to your business means and needs.

No matter if you are a startup or a food giant, we are here to work with you and change the world of food! (contact us).

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Join the 60+ clients of Digital FoodLab: leading agrifood companies, retailers, banks, investors, startups, and public organisations.

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Use case: project for a global F&B company looking to map its AgTech innovation ecosystem and the best startups to partner with

What we did:

  • Mapping of the AgTech ecosystem: startups, research regulators, and other leading companies.
  • Discussion to select areas to focus on.
  • Analysis of the information to reveal the trends and a model to analyse eventual partners.
  • A workshop to validate the opportunities based on our recommendations.
  • Scouting of relevant partners followed by introductions.

Results:

  • Mapping the different categories of innovations in AgTech that should be considered now to create long-term benefits for the business.
  • Identification of key partners (an incubator and a couple of startups).
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Use case: project for a CPG company on the healthy ageing ecosystem

What we did:

  • Education of the board through a couple of workshops to define the perimeter
  • Identification of key opportunities and threats created by long-term evolutions (technologies, business models, behavioural changes).
  • Deep dives on each of the priority categories.
  • Co-construction of a vision on how the company should address these challenges.
  • Identification of partners (startups, incubators, funds) to move forward.

Results:

  • Creating a consensus on which categories to prioritise and how to address them.
  • Implementation of an open innovation strategy through the development of partnerships.
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Use case: project for a global CPG company to develop a strategy on the healthy ageing ecosystem

What we do (ongoing mission on a subscription model):

  • Kick-off where we present an overview of the AgriFoodTech ecosystem to select with the client the categories to cover and for each, the level of information required.
  • Monthly newsletter: each month we send a newsletter with the articles that we have gathered ranked by relevance, their summaries, and a layer of analysis.
  • Database: we set up a personalised database that will be filled month after month with the information gathered on the companies identified for the watch.
  • Workshops: twice a year with the client’s innovation team and other “innovation curious” team members, we present an overview of the evolutions, key trends and a dashboard of the topics followed by the watch.

Results:

  • A clear, regular and evolutive tool to follow what is happening in terms of innovation on key topics.
  • A forum (through the workshops) to discuss innovation trends and new opportunities.
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Use case: opportunity screening for an ingredient company

What we did:

  • Kick-off to define the perimeter of the ecosystem studied.
  • Mapping of the different trends shaping the innovation ecosystem of the client.
  • Analysis of the trends on DigitalFoodLab’s trend curve and other relevant frameworks.
  • Workshop to discuss DigitalFoodLab’s recommendations on key trends to prioritise

Results:

  • Shared view of the innovation ecosystem for the client with a view of the trends to prioritize.
  • Clear document (personalised trend curve) that can be easily shared internaly to explain the company’s innovation choices and which can be then updated each year.
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Use case: scouting for an agriculture coop

What we did:

  • Kick-off to define the perimeter of the client, the goals of the scouting (partnerships) and the criteria on which startups should be evaluated.
  • Set-up scouting: we selected the first batch of 20+ key startups following the criteria of the client.
  • On-going scouting: then we set up a quarterly scouting of about ten startups.
  • For each scouted startup, we created an ID card with key information such as the business and technological maturity, funding, and corporate partnerships. We also added an explanation of why we selected this startup.

Results:

  • An ongoing and evolutive scouting are matching the client's criteria and its capabilities in terms of deal flow.
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Use case: working on an acquisition process for a CPG company

What we did:

  • Kick-off to define what the client is seeking, notably in terms of maturity.
  • Workshop with the client based on a mapping of the different innovation ecosystems adjacent to its activities to select some priorities and discuss inspiring examples of startup acquisition stories.
  • Identification of 20+ targets.
  • Workshop to select the most relevant to engage with.
  • DigitalFoodLab worked as a sparing partner during the acquisition process, notably to help design how the acquired startup could be integrated into the overall company’s strategy.

Results:

  • Different results from traditional M&A processes with a focus on the client’s innovation strategy.
  • Identification of a good match for an acquisition.
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Use case: market due diligence on sugar alternatives

What we did:

  • Kick-off with the client to discuss its interest on this category, its expectations and existing level of information (notably on the target company).
  • Mapping of the ecosystem to analyse the different existing alternatives and technologies to compare them.
  • Interview (calls) with relevant startups made by our internal biotechnology expert.
  • Recommendation on whether to invest or not.

Results:

  • Clear view of the ecosystem and of the reasons to believe (or not) in each sub-category.
  • Enforceable recommendations based on facts and expertise.
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