The incubator will help the selected startups in their business and R&D advancement strategies, preparing them for growth and investment rounds
Madrid, 22 June 2022 – Pascual, a leading Spanish manufacturer of dairy products and beverages, has launched Mylkcubator 2.0, the second edition of the global incubation program for cellular agriculture technologies in the dairy industry. The initiative has been launched from the group’s Corporate Venture unit, Pascual Innoventures, in collaboration with Eatable Adventures, one of the top three global foodtech accelerators. The first edition of the program had recently been completed by four disruptive startups worldwide.
Mylkcubator 2.0 will last 6 months, from selection to the demo day. The goal is to enroll a new cohort of up to 5 startups or scientific projects, with innovative solutions in the cellular agriculture spectrum for the dairy industry within the following technologies: molecular farming, fermentation based, cell based, and applied technologies in this field. All the details about the program are available on the official website mylkcubator.com.
Pascual Innoventures has flexible venturing models that build, collaborate and support Foodtech startups in its early stages. The incubator will help the selected startups in their business and R&D advancement strategies, preparing them for growth and investment rounds.
In the words of Gabriel Pascual, director of Pascual Innoventures “The quality of the startups selected in the first edition has been amazing and shows us that this is, clearly, the way to go. The visibility of these projects as well as the investment rounds that they are receiving is a sign that the industry is prepared for this technological transition. Pascual has been a pioneer in shaping the path of innovation and non-conformism. An attitude that has been hatched generation after generation from my grandfather until our generation.”
On the other hand, José Luis Cabañero, CEO and founder of Eatable Adventures, has remarked “Mylkcubator has attracted the attention of companies, technology centers and professional investors from all over the world demonstrating that there is a great opportunity in the market to implement scalable technological solutions to future proof the dairy industry”. Proof of this is that investment in the dairy segment has tripled in 2021, compared with 2020, according to Dealroom data analyzed by Eatable Adventures.
The production of dairy products using cell cultures and fermentation techniques, that are complementary within the dairy industry, demonstrate industrial and commercial viability and presents a huge opportunity for the sector from both an economic and environmental point of view.
About Pascual Innoventures
Pascual Innoventures is the open innovation arm of Pascual, immersing itself in the entrepreneurial ecosystem to create alliances with startups and other players in the ecosystem who share the same philosophy: anticipating global food needs and giving back to society. For Pascual Innoventures, this philosophy is fundamental, a culture that begins with the premise of creating value wherever they can in this world. It is about giving the consumer a memorable experience and, at the same time, contributing to the survival of our beautiful planet.
About Eatable Adventures
Eatable Adventures is one of the most relevant food-tech accelerators in Europe and Latam with more than 20 corporate programs launched, a deal flow of 1.400 global food-tech startups each year and operations in three continents.
Eatable Adventures detects, promotes and invests in the most disruptive startups that promise a relevant impact on the agri-food value chain, by developing and implementing successful collaboration models with leading companies in the food industry, generating innovation opportunities at high speed.
The company has built a global network of partnerships with Incubators, accelerators, foodtech and agritech events, academia, investors and governments.
