The FoodTech 500 showcases international AgriFoodTech startup and scaleup companies that are acting as a force of good for creating a brighter future of food.
Donor Name: Forward Fooding
Country: All Countries
Type of Grant: Event
Deadline: 10/31/2023
Details:
Inspired by the Fortune 500, Forward Fooding is proud to present the FoodTech 500, the world’s first definitive list of the global entrepreneurial talent at the intersection between food, technology and sustainability.
Entry Validation
The first step when creating the final list was to manually validate every entry to create a shortlist of 500 finalists based on the following criteria.
- Foodtech Definition
- The core company activity fits with their definition of AgriFoodTech as “The emergent sector exploring how technology can be leveraged to improve efficiency and sustainability in designing, producing, choosing, delivering & enjoying food”
- Active Website
- The company is an incorporated entity and has an active website.
- Company Youth
- The company was formed less than 15 years ago.
Scoring Mechanism
- Once they validated all of the entries and shortlist the 500 winning companies, they processed the data from each company’s application using the FoodTech Data Navigator‘s unique set of algorithms which provided them with the business size score and the digital footprint score. They then assessed each business about their sustainability, using data from a self-assessed questionnaire devised by sustainability experts from the academic world that takes into account each Sustainable Development Goal the companies are achieving.
- The last step of the process entailed aggregating the three individual scores (business size, digital footprint and sustainability score) giving each company a score out of 300, which then determines their ranked position on the overall list.
For more information, visit Forward Fooding.
