WeWork is launching an accelerator for food tech startups

By Laura Mullan
WeWork Labs – the startup programme by co-working spaces firm WeWork – has announced that's it’s launching a new initiative focused on food and ag...

WeWork Labs – the startup programme by co-working spaces firm WeWork – has announced that's it’s launching a new initiative focused on food and agriculture startups.

Named WeWork Food Labs, the project will offer a food-centric co-working space and innovation lab for food technology startups.

Additionally, it will also contribute $1mn in equity investments to a range of startups.

On its website, WeWork Labs said the accelerator will "support early-stage innovators across the food ecosystem, including companies working in AI, robotics, kitchen appliances, supply chain, ag tech, distribution software, consumer goods, hospitality, and beyond."

Applications for the accelerator are now open.

SEE ALSO:

In January, the firm announced that it was rebranding to “The We Company” and that it would split into three divisions: office-centric WeWork, residential WeLive and education-focused WeGrow.

The firm also launched its first retail concept, Made by We, and its startup accelerator arm WeWork Labs.

“One of the most interesting areas of innovation in the world today is food, and we are uniquely positioned to support the next generation of food and agriculture startups,” Roee Adler, the global head of WeWork Lab told Eater.

“We believe that by creating a space for the most inspirational innovators and inventors to come together, we can help them make their mark on the world while also helping us invent our own future.” Around 10 startups will ultimately receive $1 million in equity investments.

Share

Featured Articles

Energy crisis posing threat to IT companies' sustainability

A staggering 79% of IT decision-makers believe that the current energy crisis will have a knock-on effect on their net zero sustainability strategies

Data backup gives way to data protection and cybersecurity

Data backup is no longer just about operational fallback, new research has revealed. Instead, businesses need to consider it a new kind of cybersecurity

Rich investors drawn to digital assets despite crypto crash

The world’s wealthiest people are sold on the concept of digital assets, as a new survey shows they are being used to construct more resilient portfolios

Five minutes with: Katie Nykanen, Group CTO at QA

Digital Transformation

Big business bets on real-time data and event-streaming tech

Data & Data Analytics

Mind your language: Is NLP a natural fit for the Metaverse?

AI & Machine Learning