Village Capital, with the support of Posner Foundation of Pittsburgh, announced a new accelerator program focused on startups creating solutions to prevent food loss and waste, both on the consumers’ and the producers’ sides.
Mexico City (January 4th, 2023) — Village Capital, with the support of Posner Foundation of Pittsburgh, announced a new accelerator program focused on startups creating solutions to prevent food loss and waste, both on the consumers’ and the producers’ sides.
Applications close on February 17th, 2023. Full details and eligibility criteria can be found here.
The call for applications is open to startups in Latin Americathat are preventing food waste through informing consumers’ decisions, generating efficient management practices and detecting and preventing food loss on the production and distribution phases. Village Capital is looking for eight solutions to that:
Empower and inform consumers through education for more responsible food consumption and acknowledgment of food waste and its relevance for our environment
Enable proactivity and improve processes at food centers through efficient management practices, reevaluation of retailers' restrictions, and precise demand forecasting
Reduce loss risks in production and distribution by detecting and preventing food loss in the production and distribution phases, such as ambient and freshness monitoring technologies, sustainable biotechnology to protect food and crops from climate and disease, and indoor farming
From April through May, 2023, the selected entrepreneurs will participate in hybrid workshops to work on a milestone achievement plan. The curriculum is focused on helping them develop the networks and tools they need to scale their impact. They will work closely with industry experts, investors, and ecosystem partners in two workshops, one online and one in person. A founder/C-suite member of each selected startup will travel with all expenses included to Mexico City to interact with one of the biggest ecosystems of the region.
All startups that apply to the program will be invited to join Abaca, Village Capital’s online global network that helps entrepreneurs articulate how ready they are for investment or their next big expansion. The platform provides a diagnostic tool and matches them with relevant investors and resources. All selected startups will be eligible for a milestone-based equity-free investment of USD$4,000.
Village Capital is reinventing the system to back the entrepreneurs of the future. Known for its groundbreaking approaches to supporting founders who are building solutions to emergent social, economic, and environmental challenges, VilCap unlocks critical social and financial capital for early-stage companies to maximize business and impact growth.
Village Capital has operated in Latin America since 2015 by running over 16 accelerator programs involving more than 19 countries in the region including Bolivia, Guatemala, and Paraguay. VilCap has supported more than 170 locally-based startups working in sectors such as economic mobility, financial health, and sustainable agriculture. Learn more at www.vilcap.com and follow @vilcap_latam.
About Posner Foundation of Pittsburgh
The Posner Foundation of Pittsburgh invests in organizations locally, nationally, and across the globe. Through five priority areas, Environment, Human Rights, Education, Jewish Life, and Civil Society, the foundation seeks high-leverage opportunities to advance long-term structural solutions to social, economic, and environmental challenges.
In 2021, the Posner Foundation established a strategic plan to guide and assess funding efforts in food waste, with emphasis on prevention solutions. The foundation envisions a waste-free food system that prioritizes efficient use of human, financial, and natural resources. In early 2022, the Posner Foundation released its first ever open call for proposals to bolster their food waste grantmaking, and now, the foundation supports a Food Waste Prevention Cohort of 14 grantee organizations working on a variety of projects to prevent food waste through reshaping consumer environments.