Valley members come together for SFNV’s third General Assembly

Valley members come together for SFNV’s third General Assembly

On Friday May 6, SFNV members came together at our third General Assembly to celebrate our joint achievements so far and explore the key opportunities for impact in the coming months. Here are a few of our highlights.

A vibrant and diverse community

Martin Vetterli, SFNV’s President, kicked off the General Assembly by sharing his thoughts on how the role of food in our lives has evolved. Once a sheer matter of survival, food has now become an integral part of our lifestyles. But at the same time, key events in 2021, like the blockage of the Suez Canal, the ongoing impact of the Covid-19 and Russia’s invasion of Ukraine, have reminded us of the interdependence and fragility of global food systems – and the importance of constantly seeking new solutions to emerging challenges. 

Martin stressed that this is exactly why collaboration and innovation is so important. But he’s also been heartened to see such a huge appetite for change across the Swiss food ecosystem over the last two years. In April 2021, the Valley had 39 members. This year, SFNV has grown into a vibrant and diverse community of 93 companies and organizations, representing the full spectrum of Swiss knowledge and expertise – from global corporations and leading Swiss academic organisations to early-stage startups, scaleups and SMEs.

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Choosing to be part of the solution

While presenting SFNV’s activity report, Christina reminded attendees that only sustainable food systems can deliver positive impact and a strong financial return. Ecosystem actors can choose to be part of the problem or part of the solution every day. She thanked all Valley members for becoming part of the community – and for choosing to become part of the solution. 

So far, SFNV has mapped the Swiss FoodTech ecosystem, launched Impact Platforms on precision nutrition and sustainable protein and become a recognized player in the Swiss food innovation landscape. Together with Martin – who was unanimously reelected for another term as SFNV President – Christina and the Valley community will now:

  • launch three more Impact Platforms on Food Systems 4.0, the Future of Farming and Sustainable Packaging
  • run a series of events to attract talent and facilitate networking and knowledge exchange
  • onboard 30+ members to strengthen the diversity of the Valley’s network
  • continue to grow SFNV’s online presence and global reach
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The world’s pilot plant  

SFNV Executive Committee members were also invited to share their personal perspectives on the challenges and opportunities in the Swiss food innovation ecosystem. They noted that Switzerland has the potential to become the world’s pilot plant. SFNV has a key role to play in working alongside Government partners to create the conditions in which innovations can scale, and enabling food startups to drive economic development and job creation. They Valley should also function as a platform that shows budding innovators what is possible and inspires them to act. 

In response to these remarks, SFNV members agreed that Switzerland has all the key ingredients needed to become a leading player in the global food innovation scene but a clearer strategy is needed to articulate our USP. Members also noted that entrepreneurs who haven’t graduated from a Swiss university could benefit from more support.

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Building a unicorn nation

Finally, Martin invited Andri Silberschmidt, a Member of the National Council of Switzerland and fellow food entrepreneur, to share his thoughts on the strengths and limitations of entrepreneurship in Switzerland.

He acknowledged that, unlike recent developments in other leading food nations, the Swiss government is unlikely to invest directly in specific industries. Switzerland’s focus has always been on encouraging collaboration between academia, industry and startups. But he recognized that there was still a lot that government colleagues, alongside ecosystem actors, could do to make Switzerland a successful unicorn nation. 

Andri believes that it will be critical to teach children and young adults entrepreneurial skills from an earlier age, reduce the administrative barriers to creating a company and ensure there is financial support available for those who try and fail. He explained how he and his colleagues are working on making it easier for innovators and talented students from non-EU countries to settle and work in Switzerland. He also highlighted the importance of ensuring that promising startups have access to the Series B, C and D funding they need to scale and grow in Switzerland. 

He called on SFNV members to be specific about which legislative issues are creating barriers to growth and shared a few examples of how he’s already worked with members and sector leaders to achieve tangible changes.

Executive Committee members stressed that the Swiss policy framework needs to support the products that represent the future of food and allow R&D developments to rapidly progress to consumer testing. They noted that the US and UK also have a Small Business Act that is designed to make procurement more SME-friendly and would welcome a similar approach in Switzerland. Finally, they called on the Government to remember their commitment to the 2030 agenda and consider who is part of the problem today and who can be part of the solution tomorrow when defining national food and nutrition policies.

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Celebrating successes 

The meeting drew to a close with a networking session that gave SFNV members a chance to connect in person after many months of virtual meetings. Discussions covered current challenges and recent successes – from product launches through funding rounds to new partnerships. 

The SFNV team heard loud and clear that there is appetite for more social events, so we’ll be developing a new event format to bring the Valley community together more regularly. In the meantime, we’d like to thank everyone who joined us in person and online and we look forward to connecting again soon.

Swiss Food & Nutrition Valley Team
We’ll soon be launching our next Impact Platform on Food Systems 4.0.

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MagicTomato invites supporters to invest in its nationwide expansion

MagicTomato invites supporters to invest in its nationwide expansion

SFNV member MagicTomato has made it their mission to democratize access to local and sustainable food. Now they’re inviting both Swiss consumers and institutional investors to invest in their solution to strengthen food ecosystems across Switzerland.

The story so far

Back in 2016, Paul Charmillot had a vision. He wanted to create a solution that made it quick and easy for busy consumers to enjoy top-quality, local and sustainably-produced food. And with just CHF 60k in the bank and the support of tech innovation incubator Fongit, he did just that.

Initially this meant a lot of long days doing anything and everything to get the business off the ground – from tracking down the best local producers to developing the website, preparing orders and dealing with client queries.

But this upfront investment certainly paid off. MagicTomato has grown rapidly. Today, Magic Tomato’s team of 40 provides local and sustainable food to over 5000 consumers across Vaud, Geneva, Fribourg, Thun, Bern, Yverdon, Biel and Neuchâtel and brought in over CHF 7 million of orders last year.

As a certified B-Corp, Paul and his team are also deeply committed to having a positive social and environmental impact. In 2021, their business activities averted 46 tonnes of food waste and made over 30,000 deliveries with a fleet of electric vehicles.

After a longstanding collaboration with Label Bleu, the two companies decided to join forces at the end of last year, strengthening the team’s network and laying the foundations for expansion across Switzerland.

Investing in local food ecosystems

MagicTomato is now looking to raise CHF 1 million by inviting customers, supporters and more institutional investors to invest in their solution. Through a partnership with Taurus, Swiss residents can buy participation certificates using blockchain technology.

For Paul, this funding solution felt like the most natural fit for the platform: “Our customers are already shaping their local food ecosystems through their purchasing decisions. Investing in our platform alongside more institutional investors like Fongit is another way that customers can actively drive positive change and enable more Swiss residents to benefit from local and sustainably-produced food.”

The campaign was launched on May 2 and potential investors can choose from three packages, starting from just CHF 150. 

Big plans for 2024

The MagicTomato team will use the funds raised to support the structural and digital development of the platform and to accelerate the creation of new ecosystems across Switzerland.

This year, the team plans to expand to German-speaking Switzerland, Chablais and Valais but has also set their sights on developing networks in Ticino in the near future. By 2024 they aim to pay out more than CHF 22 million to local artisans and producers. 

Paul is confident that this development will enable MagicTomato to make a bigger contribution to supporting local and sustainable food systems: “We believe that sharing our governance and capital with all our stakeholders will drive our mission-driven company forward and ultimately generate more impact.”

Follow MagicTomato on Linkedin or view their fundraising page to find out more.

Interested in food system digitalization?

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planetary raises CHF 7.5m to build microbial fermentation capacity globally and scale the new food evolution

planetary raises CHF 7.5m to build microbial fermentation capacity globally and scale the new food evolution

Valley member, planetary, has closed one of Europe’s largest early-stage investment rounds in the food industry. Their Swiss Manufacturing and Innovation Center will give fermentation front-runners the capacity to scale.

Geneva-based food-tech company planetary has raised $8.1 million (CHF 7.5m) in seed funding, led by leading Agrifoodtech investor Astanor Ventures and followed on by XAnge, Blue Horizon, Nucleus Capital and others.

In the race to advance product quality, viability, and mitigate climate impact, fermentation companies dedicated to alternative proteins raised $1.7 billion in investments in 2021 (GFI). The technology enables a scaled and cost-efficient production of sustainable, diverse and authentic analogues to animal derived foods and ingredients. Yet, industrial scale bioprocessing capacity remains a bottleneck to the industry and is largely unavailable.

David Brandes, co-founder and CEO, planetary: “By building an interconnected fermentation capacity network, we aim to open global and local market access to fermentation partners whilst reducing their operational risk and capital exposure.”

planetary set out to de-bottleneck the food fermentation industry by providing industrial-scale bioprocessing capacity and by building out infrastructure and developing related manufacturing IP. The added capacity will be made available to fermentation front-runners and brand owners (“originators”) following a contract development and manufacturing (“CDMO”) business model. Starting operations out of their Swiss Manufacturing and Innovation Center, MiC, the company aims to enable fermentation players to scale up and mass produce at low cost through the installation of industrial fermentation capacity, and to ultimately operate a global network of automated production plants.

“Fermentation technology is essential to creating the alternative protein products that can meet consumer demand for taste and nutrition. Current fermentation capacity is a major hurdle to the development of these products on a large scale. We are excited to support the development of planetary’s innovative infrastructure technology to address this need.” George Coelho, co-founder and Partner at Astanor Ventures. 


About planetary

planetary SA is an emerging Geneva, Switzerland based contract development and manufacturing partner (“CDMO”) building bioprocessing, downstream and formulations capacity globally. The company aims to provide capacity for both microbial precision and mycelial biomass fermentation players by operating a global network of interconnected production sites powered by upscaling specific IP. planetary is looking to establish partnerships with fermentation frontrunners and discuss both capacity and go-to-market opportunities in Switzerland and Europe alike.
Visit their website.

About Astanor Ventures
Astanor Ventures is a global impact investor that backs ambitious entrepreneurs with disruptive, scalable solutions that will create systemic change across the agrifood value chain, from soil to gut. They partner with founders that are committed to restoring balance and sustainability to the land and oceans, prioritizing nature and culture, nurturing change and feeding growth. Astanor has invested in 35 agrifood tech companies across the world, including: Ynsect (French insect farming unicorn), Apeel (US food waste unicorn), Infarm (German vertical farming leader), Modern Meadow (US advanced biomaterials company) and v2food (Australian plant-based protein leader).
Visit their website.

About XAnge
XAnge is a leading European venture capital firm based in Paris and Munich. We invest in European early-stage innovative technology companies operating in the fields of Digital consumer, Enterprise & Data, Fintech, and Deeptech. Since its creation in 2003, XAnge has backed more than 200 fast-growing companies in their entrepreneurial journeys. We work alongside visionary founders with strong values and International ambitions such as Ledger, Odoo, Lydia, Believe Digital. XAnge is the Venture arm of Siparex, an independent investment group with €2Bn under management.
Visit their website.

About Blue Horizon
Blue Horizon is accelerating the transition to a New Sustainable Food System that delivers outstanding returns for investors and the planet. The company is a global pioneer of the Future of Food. As a pure play impact investor, Blue Horizon has shaped the growth of the alternative protein and food tech market. The company invests at the intersection of biology, agriculture and technology with the aim to transform the global food industry. Blue Horizon was founded by Roger Lienhard in 2016 and is based in Zurich. To date, the company has invested in more than 60 companies. Its business model offers an attractive opportunity to invest in the evolution of the global food system while contributing to a healthy and sustainable world.
Visit their website

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Swiss IoT-powered food safety platform EEat is looking for partners to develop new traceability solutions.

Swiss IoT-powered food safety platform EEat is looking for partners to develop new traceability solutions.

Growing a startup that serves the food service industry in the midst of pandemic-driven mass closures takes courage. But this is exactly what the EEat team did after spotting a gap in the market. Working alongside customers from day one, they’ve developed an IoT-driven platform that makes it simple to comply with food safety regulations. Now they want to connect with partners to scale up and develop new traceability solutions.

Hello. Tell us a bit about yourself. 
Hi, I’m Jean-Charles Fosse. I co-founded EEat with Johann Bigler and Gaëtan Valentin back in 2019, after a fruitful exchange with Eldora, one of Switzerland’s leading caterers, helped us spot a gap in the market. Today I’m in charge of the project development.

Describe your company in a single sentence. 
EEat is a platform that uses IoT sensors and a mobile app to help food processing companies comply with food safety regulations (HACCP). We do this in three ways: by digitizing daily checks, automating cold chain management with temperature sensors and simplifying industrial traceability through QR codes.

What gets you out of bed in the morning? 
The fact that our solution really makes a difference for our customers – over 300 food service and food processing partners in Switzerland, France, Belgium and Gabon. We’re making their lives easier while ensuring that their customers remain safe. 

I also love working in a startup. Building a project from the ground up is so exciting. The whole EEat team is so focused on solving new challenges and it’s really rewarding to constantly find new ways to add value for our customers. 

What does a typical day at work look like for you? 
Every day is different! In the morning, I usually check the key numbers, make sure that everything is working as it should be and respond to customer emails. Later in the day I often have meetings with potential customers or partners or take some time to assess and rethink our strategy. We’re also in the process of recruiting new team members so it can sometimes be a challenge to juggle my team management, sales and customer support tasks. But I love how varied my role is. I never get bored! 

What were your key achievements in 2021?
Given that our clients work in the food service sector, the pandemic obviously posed some unique challenges for us! But once we’d had a chance to regroup, it actually forced us to diversify our offer and helped us reach more customers. In addition to working with restaurants, we now also support butcheries, bakeries and food processing companies. Thanks to these developments, our platform was able to measure over 9,000,000 temperature data points and facilitated over 600,000 food safety checks in 2021. 

We were also able to grow our team by recruiting to some key roles, which was extremely valuable. We’re excited to see how things progress in 2022. We’re hoping that the reduction in Covid-19 restrictions will mean more stability and less anxiety for our customers.

What are you and your team working on this year?
We’re working alongside a number of companies to improve our industrial traceability system. We want to make it possible to track each step in the food transformation chain – including food batch number and processes – from receiving the goods to the final product. We recognized that medium-sized companies were looking for a solution here but there was a gap in the market. We’re also always working on improving our existing features and UX in collaboration with key partners like Eldora. 

Tell us about how you work with others in the ecosystem to innovate.
EEat was actually born out of a collaboration with Eldora. Eldora had always been interested in our technology and how it could help them improve their processes. After a few productive meetings, we decided to work alongside them to explore how our technology could help them tackle their issues.

From day one, Eldora acted as an expert partner and openly shared their food safety knowledge with us. They took the time to train our team and talk us through their biggest challenges. We’re really grateful that they were willing to put their faith in a young startup. It was a real game changer for us. This collaboration gave us the knowledge and resources to transform EEat into a solution that could offer real value to a broader range of customers.   

But that was just the start of our journey. Each company’s food safety processes can vary significantly, so we had to make sure that the system was responsive. Given our positive experience with Eldora, we now always work alongside partners to develop new products and features. They bring their topic knowledge and we bring our technology. Then we brainstorm and come up with a solution that we can test and improve together. We aim to create the first version as quickly as possible and then iterate as needed. This could be refining the user interface or adding new features. Ultimately, the customer knows what they need best. It just makes sense to work alongside them. 

How do you support the Swiss ecosystem beyond your core business offer?
One of our most important values is to be honest and transparent. We love to find opportunities to share our experiences wherever we can. We also recognize that we’re just a small part of a huge food innovation ecosystem. That’s why we’re big fans of collaboration. Some challenges just can’t be tackled in silos. Sometimes our customers need broader support and we always do our best to connect them with suitable partners. This is always a win-win situation. 

How can the SFNV community help you achieve your goals?
We’re looking forward to the launch of Swiss Food & Nutrition Valley’s Impact Platform on Food Systems 4.0 to connect with other Valley members that are interested in developing collaborative projects in this space. We’re particularly looking to connect with small and medium size food processing companies that want to digitalize or upgrade their traceability solution.

Tell us something we didn’t know about your company.
EEat is a Spin-off of ThinkEE, an IoT-based company specialized in helping companies deal with sensors and their associated data. So that’s where the EEs in EEat come from. ThinkEE stands for: Think Ecosystem Efficiency.

Connect with Jean-Charles Fosse on LinkedIn or visit the EEat website to find out more.  

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Uplyfe: An AI-powered health coach helping 40k users to eat and live smarter

Uplyfe: An AI-powered health coach helping 40k users to eat and live smarter

Valley member Uplyfe uses AI to power its precision nutrition app, which empowers individuals to take control of their health goals. We spoke with Dr Isabelle Rottman, founder and CEO, about onboarding 40k users and how actors across the food ecosystem can benefit from the platform.

Describe Uplyfe in a single sentence. 
Uplyfe is an AI-powered health and nutrition platform that allows both healthy and chronically ill users to take control of their own health, in collaboration with medical service providers.

Why did you decide to found your company?
When my dad was diagnosed with diabetes, he received a lot of conflicting advice. Healthcare providers often work in silos, making the system difficult for patients to navigate. Advice needs to be both scientific and evidence-based, as well as simple enough for the average member of the public to understand. This is where Uplyfe come in. 

And how does it work? 
The user picks a health goal that motivates them. That could be improving their diet or implementing habits like daily blood pressure checks. Our AI-powered health coach then gives them personalized advice that reacts in real time to their health data, goals and needs. Users can choose to share this data with their health providers. But we don’t give diagnoses or replace professionals. We see ourselves as part of the individual’s broader network of support. 

What gets you out of bed in the morning? 
The fact that we’re offering a solution that our users value. We’ve recently onboarded our 40,000th user. The wave of lifestyle-induced chronic diseases has made the lives of so many people more difficult. We’re doing our best to make things a little easier for them.

What are you and your team working on at the moment?
We’re currently working on introducing the option of continuous glucose measurement. The data will allow users to get real-time nutritional recommendations based on their individual blood glucose response. We’ll be able to automatically track our users’ food intake by recognizing their individual blood glucose signatures for a specific meal or food. That will eventually automate food tracking and make meaningful precision nutrition interventions much more powerful.

What achievement are you particularly proud of? 
1 in 3 users checks in daily, and 74% of our users take up a more active lifestyle as a result of using the app. Anyone who has worked in the sector will know that ‘stickiness’ is the holy grail of the app world. We seem to have stumbled across some features – like our self-scanning food feedback feature – that really work for our users and keep them coming back.

How have you collaborated with others to strengthen your offer?
We recently received CHF 350,000 from Innosuisse, the Swiss innovation agency, to test the impact of our solution. We collaborated with Fachhochschule Nordwestschweiz and Luzern to confirm a correlation between app usage and positive health outcomes. We’ve also worked with CSS insurance to explore weight loss results for users with diabetes or cardiovascular conditions. We found that users typically lost 9.2% of their body weight in six months.

How can Valley members and the wider ecosystem get involved in your work?
On our B2B2C health platform we offer eight highly personalized nutritional plans covering 28 conditions, from osteoarthritis to menopause and type 2 diabetes. We’re always on the lookout for partners who are interested in offering their interventions to users in our programs or looking to develop co-funded projects. By working together we can achieve so much more than working in silos, and create personalized solutions for an even broader set of users. Please do reach out if this sounds like you!

Connect with Isabelle on LinkedIn or visit Uplyfe to find out more.  

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AgroSustain kick off their commercial rollout

AgroSustain kick off their commercial rollout

AgroSustain – a rapidly growing UNIL spin-off – recently secured CHF 4.8 Million in their Series A funding round, followed by a FIT Tech Growth loan to the tune of CHF 500’000. The team has now kicked off their commercial rollout and have big plans for 2022. We sat down with Co-founder and CEO Dr Olga Dubey to find out more.

Describe your company in just a few words.
AgroSustain is a one-stop-shop solution for natural plant protection. We aim to reduce food waste and support sustainable food production by developing farm to fork solutions, like natural fungicides and coatings.

Why did you choose to set up your business in Switzerland?
I completed my doctorate at the University of Lausanne. When I discovered the natural compound that formed the basis of our products, I was so fortunate to be surrounded by a whole ecosystem of support.

Fellow SFNV member, Agroscope, were early adopters and have provided expertise and practical support from day one. They gave us access to labs and shared their expertise in running efficacy studies. Startup support through the BRIDGE, InnoTREK and Venture KIC programmes and coaching from Innosuisse has also been invaluable and helped us think through the best way to bring our product to market. Now we have our own offices in Renens and we’ve grown to a team of 12 people.

Tell us about your exciting news.
After working closely with partners to complete pilot trials over the last few years, we’ve now kicked off our commercial rollout. We’re already working with some amazing clients but we’re actively looking to connect with more growers, wholesalers and retailers who could benefit from our products. In addition to opportunities in the Swiss market, we are open for collaboration in the EU, LATAM and Africa.

The past few years have been difficult for many businesses. Have you been affected by the pandemic, for better or worse?
In early 2019, we’d just started our series A funding round. At that point we were focused on finding investors in the US and Germany who were interested in working with us to develop our natural fungicide. When the pandemic hit, we honestly thought it was all over.

But some potential clients were very positive about developing our coating solution for crops shelf-life extension. In fact, they were so eager to benefit from our product, they worked alongside us to conduct pilot trials in their premises, allowing us to monitor the crops lost and check how the coating was working, thus helping to come up with the final natural coating that protects over 15 types of fruits and vegetables. This collaboration was very immensely valuable and helped us to accelerate product development.

In reality, COVID helped us shift focus and move forward much faster than we would’ve done if we’d have stayed focused on the fungicide alone. It typically takes 5-7 years to get approvals in this space.

What have you learned along the way?
So much! We’ve learnt how to be agile. When you’re just setting out everything seems mission impossible. But I suppose this is always the case when you’re trying to develop something new. We’ve found that if you really listen to what your market is telling you, things start to fall into place.

One of our biggest learnings was around growing a team. Finding the right team is critical. It’s so important to find someone who shares your vision. As your team grows, you also need to learn to hire the right people who have complementary skills. Then you need to become a good manager and build a positive team culture. I was really fortunate to recruit an excellent management team that has a strong track record and really shares the vision I have for the business.

How would you like to support others in the Swiss food innovation ecosystem?
We’d be really interested in sharing our learnings with start-ups who are just setting up. We were really fortunate to benefit from the extraordinary support from other actors in the ecosystem. Now I’d like to share this knowledge to help others who are going through the same challenges. I’m actually speaking to the SFNV team about how we can use the Valley community to do this, alongside other members – watch this space!

What support could the SFNV community offer to aid collaboration in your sector?
We’re actively looking to grow our network and establish long-term relationships with clients – growers, wholesalers and retailers. We’d also be really interested in connecting with colleagues in larger businesses, like Firmenich and Givaudan to benefit from their experience in corporate strategy.

What’s next for Agrosustain?
This year, we’ll be focusing on our market extension. We’ll also be looking to raise another 5 million to accelerate the rollout. If you’re interested in joining us on this journey, I’d love to hear from you.

Connect with Olga to find out more or visit the Agrosustain website

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