Deadline: 17-Feb-23
Village Capital has launched the 2023 Reshaping Consumer Behavior Program that supports innovation across Latin America to increase food security and resilience.
This program, supported by the Posner Foundation, will work with entrepreneurs across Latin America to increase food security and resilience by supporting startups focused on empowering consumers, improving food center processes, and reducing loss risk in production. They will target solutions that are exclusively working with food management technologies that prevent food waste before it is created.
Goal
- The program is designed to help startups identify early milestones and prepare for their next round of capital (if relevant). In short, a one-week virtual workshop, milestone planning support and an in-person workshop in Mexico City, they deliver a targeted, award-winning curriculum and provide countless connections to prepare startups for growth.
Benefits
- Mentorship: Ability to meet with and receive mentorship from potential strategic partners, investors, potential customers, and other founders from prominent Latin American and U.S. investors.
- Connections: Access to a diverse and inclusive network of mentors and founders within the agtech and foodtech sectors.
- Advice: Access to an investment analyst who will coach them 1:1 on building a financial model, identifying unit economics, and using financial metrics to drive both the business and investor diligence. Participate in mock board meetings with representatives from financial institutions, corporates, experienced entrepreneurs, and investors that can help their company scale.
- Continued Learning: Access to live and asynchronous sessions tailored to a virtual learning environment to help their companies identify early milestones and prepare for their next round of capital (if relevant) or big expansion.
- Exposure: Exposure on Village Capital’s program website and other communications collateral.
- Funding: Milestone-based funding (USD $4K per organization).
Eligibility Criteria
- Eligibility requirements include:
- Location: Have legal incorporation and operations as a for-profit entity in at least one Latin American country, as well as having a market-based solution that tackles food loss and food waste challenges in Latin America, while being in compliance under local fiscal and business law.
- Stage: Have a minimum viable product (MVP), and less than $1M in equity. Startups also need to have meaningful customer or business validation (not limited to revenue, it can also be successful pilot studies, number of users, and/or strategic partnerships).
- Team: Have at least one full-time founder based in Latin America.
- Who should apply?
- Innovations that empower and inform consumers
- They are looking for innovations that allow the final consumer to make informed decisions and take a proactive role in reducing food waste, such as Shopping Assistance, Kitchen Tech, Shelf-life Extension Technologies, and Smart Home Devices.
- Innovations that enable proactivity while improving processes at food centers
- They are looking for solutions that provide food centers with tools to prevent food waste, such as Inventory Traceability, Waste Tracking, Demand Planning, and Inventory Management.
- Innovations that work to reduce loss in production and distribution
- They are looking for startups working on solutions, including but not limited to 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, as well as other crops and harvest protection solutions such as indoor farming.
- Innovations that empower and inform consumers
For more information, visit Village Capital.