Spanish Food Delivery Service Glovo Signs Million Euro Deal with Swiss Firm Stoneweg for Expansion

Spanish Food Delivery Service Glovo Signs Million Euro Deal with Swiss Firm Stoneweg for Expansion

Stoneweg plans to build and revamp some of its real estate locations in key Glovo markets to expand the latter’s delivery-only convenience stores.

Spain-based food delivery service Glovo has signed a deal with Switzerland-based real estate firm Stoneweg. An investment of €100 million will be made to help Glovo expand its network of ghost convenience stores, as it occupies Stoneweg real estate locations for an unspecified period. This is key in Glovo’s goal to have 100 different sites by the end of 2021.

Glovo’s focus on quick convenience store delivery — or “Q-Commerce” — is partly in response to the pandemic’s impact on how consumers get food items and household goods. Restrictions around leaving homes made people more inclined to order groceries, snacks, and household goods for delivery, rather than venture out.

There is great promise in these dark stores as the future of retail. Bloomberg reports that Glovo’s Q-commerce orders have grown 300 per cent from one year ago and plans to hire 500 people by the end of the year. 

Read more about this news on TechCrunch

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Mybacs: Improving Health with Microbiome

Mybacs: Improving Health with Microbiome

Aiming to revolutionize intestinal healthcare, Mybacs focuses on the development of innovative and highly-dosed synbiotic supplements tailored to individual needs.

Mybacs, a Swiss biotechnology company, specializes in human microbiome to help people with intestinal and digestive problems and improve overall health. Their synbiotic product, Dailybacs, contains selected bacterial cultures, prebiotics from plant extracts, valuable minerals, and vitamins. And this unique formulation can support our bodies beyond digestion.

The idea started when founders Carl-Philipp von Polheim and Sebastian Wahl were trying to develop a treatment for traveler’s diarrhea. But the endless research into microbial bacteria led to the creation of Mybacs in 2018. Because they believe that better health starts with better ingredients and that microbiome is the mirror of our health.

The Mybacs team is constantly working with scientists and doctors from all over the world to keep updated with new research. This is their way to ensure they give their customers only the best product.

Find out more:

mybacs GmbH
Baarerstrasse 135
6300 Zug
Switzerland

For more information, you can contact them here.

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NTN Innovation Boosters: New Initiatives Supporting Open Innovation

NTN Innovation Boosters: New Initiatives Supporting Open Innovation

In a mission to spur innovation activities through concrete idea development and testing, NTN Innovation Booster cultivates a culture of open innovation to build the next generations’ Swiss Food Ecosystems.

NTN Innovation Booster – Swiss Food Ecosystems, powered by Innosuisse, is an initiative supporting open innovation. The focus on open innovation shall support the development of new solutions to agrifood challenges ranging from GHG emissions, food waste and nutrition. And in doing so, Swiss companies get a competitive advantage and create important added value for the Swiss economy and society.

CHF 21.3 Mio was funded to the initiative to develop 1000 radically innovative ideas from 2021-2024. Out of which, they expect to support 600 new innovative ideas and enable 200 follow-up projects.

Join their webinars

Discover how to boost your innovation process and prepare all your questions for the upcoming NTN Innovation Booster. You only need 30 minutes to know how you can be part of the solution for the next generation’s food ecosystem.

Upcoming dates:
 

  • 08. Feb. 2021, 17-17:30 (FR)
  • 15. Feb. 2021, 17-17:30 (EN)
  • 18. Feb. 2021, 17-17:30 (FR)
  • 04. March 2021, 11:45 -12:15 (EN)

CONTACT

Suisse Agro Food Leadinghouse
Passage du Cardinal 11
1700 Fribourg

innoboost@swissfoodecosystems.ch

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Blue Horizon Ventures to Invest in Startups Focusing on Food Sustainability Following Covid-19

Blue Horizon Ventures to Invest in Startups Focusing on Food Sustainability Following Covid-19

As the pandemic highlights massive problems in the global food system, investors start looking into vegan-focused ventures.

Zurich-based VC, Blue Horizon Ventures, has closed a €183 million fund to invest in foodtech startups focusing on sustainability. The fund brought in more than 100 investors, including the European Investment Fund (EIF), that exceeded the initial target of €100 million. 

Working on the notion that the current food system is broken, from industrialised agriculture to delivery, Blue Horizon Ventures aims to support and promote a positive global impact on the environment, human health and animal welfare. Thus, principal investments will target the areas of alternative proteins, synthetic biology, cell-based food, smart packaging and food waste. 

 

Sustainability in the food system is very attractive to investors. From an impact perspective, it’s a sector tackling many big problems – from health to food waste.

Michael Kleindl

Co-Founder and Managing Partner, Blue Horizon Ventures

Blue Horizon Ventures plans to launch a second fund in the fourth quarter, with the target slightly higher than the first.

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WEBINAR: Introduction to NTN InnoBooster for Swiss Food Ecosystems

WEBINAR: Introduction to NTN InnoBooster for Swiss Food Ecosystems

The newly launched NTN – Food Ecosystems Innovation Booster provides direct funding to selected innovation teams for the development and testing of innovation ideas.

Learn more about the NTN Innovation booster and how you can get involved in one of their upcoming introduction webinars 

Upcoming dates:

  • 08. Feb. 2021, 17-17:30 (FR)
  • 15. Feb. 2021, 17-17:30 (EN)
  • 18. Feb. 2021, 17-17:30 (FR)
  • 04. March 2021, 11:45 -12:15 (EN)

CONTACT

Suisse Agro Food Leadinghouse
Passage du Cardinal 11
1700 Fribourg

innoboost@swissfoodecosystems.ch

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Swiss E-commerce Platform Farmy Sees Rapid Growth During Covid-19

Swiss E-commerce Platform Farmy Sees Rapid Growth During Covid-19

Farmy, the largest selection of fresh produce in Switzerland, achieved huge growth of 170 per cent in 2020 amid the pandemic.

During the Covid-19 pandemic, Farmy has seen high consumer demand for healthy and local food delivered conveniently to their doorsteps. This resulted in an almost triple turnover in 2020 from 9.7 Mio CHF to 26 Mio CHF, all while saving 400 tons of CO2.

To ensure demands for security and contactless transactions are met, the company had to expand its logistics; increasing the workforce from 133 to 220 employees, moving into larger confectioning centres and investing in additional vehicles and refrigeration capacity. Meanwhile, Farmy Co-CEO Tobias Schubert praises his team’s flexibility and excellent internal IT competence that ultimately helped them achieve this great feat.

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