Tyson Ventures, the venture capital arm of Tyson Foods, recently held its second startup-targeted pitch event, Tyson Demo Day 2023, selecting four firms – GenoTwin, NetZro, SuperGround and ZwitterCo – to receive mentorship and other partnership opportunities.
Focused on the theme of upcycling and sustainability, Tyson Ventures’ event on July 11 drew 11 innovators and entrepreneurs worldwide to pitch ideas that could possibly help Springdale, Arkansas-based Tyson implement sustainable solutions.
Also taking part in Demo Day were Ancera, BioVeritas, Chix Soup Co., Dog & Whistle, Ecto, ReproHealth Technologies and ResiLI AG.
The Ventures Innovation Partners, which consisted of a broad cross-functional panel of Tyson team members, made the final selections.
“It was inspiring to hear from so many creative entrepreneurs who have a passion for innovation and sustainability,” said John R. Tyson, Tyson Ventures president and Tyson Foods CFO.
“We have a critical role to play in responsibly producing food for a growing world and I’m excited to dig deeper into the startups solutions that can help us feed the world, together.”
Tyson Ventures is focused on being a strategic partner for innovators who can transform the food industry and provide sustainable nutrition to a growing global population.
Since its inception in 2016, it has invested more than $100 million in emerging proteins, new technologies for food and worker safety and sustainable food production.
Demo Day was created in 2022 to identify and potentially partner in new sustainable technologies for the food industry.
Applicants from more than 15 countries applied to be part of the event and were evaluated based on alignment with Tyson Ventures’ investment strategy and their potential to help Tyson Foods reach its sustainability goals.