Food Future, Inc.
 Future of Food is Now! | |
Formerly called | Food Next |
|---|---|
| Corporation | |
| Industry | |
| Founded | December 2015 in New York, New York, United States |
| Founder | Shen Tong |
| Headquarters | New York City, United States |
| Website |
foodfuture |
Food Future, Inc. is a business accelerator for established, yet small organizations with growth potential in the following food-related areas: agriculture, food and beverages, health & wellness, clean technology and green technology. Founded by Shen Tong in 2015,[1] Food Future, Inc. [2] is based on his impact investment thesis cited in the TEDxManhattan Talk: "Feeding the Food Movement." Shen Tong originally founded FOOD-X in 2014,[3] which was named among "The World's Top 10 Most Innovative Companies of 2015 in Food."[4]
Scale-Up Accelerator Program
In Spring 2016, Food Future launched as business accelerator program for scaleup companies in food & beverages, agriculture and social entrepreneurship sectors. The program accepts applications from US and international companies focused on impact, mission, building behavioral patterns and setting cultural trends.[5]
Food Future was cited in the 2016 ReFED Report: "A Roadmap To Reduce U.S. Food Waste by 20 Percent"[6] as a food-related accelerator that sponsors companies focused on major innovation challenges in reducing food waste.[6] and during the 2016 Food Tank Summit.[7]
8-12 companies are selected for the accelerator program, each receiving in-kind value of up to $100,000 per company. Up to three companies receive additional investment as part of their Series A round of financing. Prominent mentors and advisors include Dan Barber, Laurent Gras, Dorothy Cann Hamilton, and others.
Participating companies receive training and assistance in:
- Financing design and network including alternative financing, long term investment strategy, and creative debt financing.[8]
- Thought leadership in marketing and branding.
- Distribution partnerships and alternative distribution channels.
- Production strategy on sourcing, formulation and co-packing.
- Financial exit strategy, acquisitions, roll-up, IPOs.
- Governance structure design, formation of advisory boards, councils, etc.
- Organizational and operating model design, recruiting and maintaining talent, building systems, using processes and tools to scale operations.
- Legal and Accounting advisory support to help companies prepare their corporate legal and investment structure to scale.
References
- ↑ "CrunchBase, Shen Tong Managing Partner at Food Future".
- ↑ "Foodable Film: Food Future Open House, featuring portfolio companies and founder".
- ↑ "25 Years After Tiananmen Square, This Rebel Is Using Wall Street Money for a Food Revolution". TakePart. Retrieved 2016-04-07.
- ↑ "The World's Top 10 Most Innovative Companies of 2015 in Food". Fast Company. Retrieved 2016-04-07.
- ↑ "Food Future Scale-Up Accelerator Program". foodfuture.co. Retrieved 2016-04-07.
- 1 2 "A Roadmap to Reduce U.S. Food Waste By 20 Percent" (PDF). ReFED. Rethink Food Waste Through Economics and Data (ReFED).
- ↑ Ten Questions with Shen Tong, Founder and Managing Partner of Food Future.
- ↑ "Learning about Equity Crowd-funding with Food Future Inc". us2.campaign-archive2.com. Retrieved 2016-04-07.