A new, ambitious incubator program helps food and bio startups scale – even when the founder does not have 15 years of industry experience.
Sponsored: This article is made in collaboration with Food & Bio Cluster Denmark and Agro Food Park.
Denmark has a position of strength in food and bio-resources. A large number of successful, Danish companies have already established themselves as global leaders in their respective fields, and at Food & Bio Cluster Denmark they work to help more entrepreneurs become equally successful.
As part of their efforts, the cluster has launched a new incubator as part of the national Beyond Beta program, which will give new, ambitious entrepreneurs the best conditions to succeed internationally.
“It is an offer for entrepreneurs in food and bio that can move them quickly and efficiently towards scaling. The program is based on knowledge of how to generally scale companies, combined with specific knowledge from the industry. And that is what makes it the world’s best offer for food entrepreneurs,” Jacob Mogensen, Head of Incubation at Food & Bio Cluster Denmark, says.
A shortcut to success in the industry
The first cohort of 14 companies has just been accepted into the incubator, and they have each been given their own, tailor-made program.
“We believe we can make an impactful difference for these entrepreneurs as we have more than 360 members behind us. At the same time, we work directly with universities, and our 40 talented colleagues are ready to help with their broad network, deep knowledge and extensive experience,” Mogensen says.
Through Beyond Beta, entrepreneurs can, among other things, get their solutions tested and validated with potential customers. That way, the program helps entrepreneurs from idea to market much faster.
“The food industry must be digitized and green-transformed – and here experience and knowledge from other industries are really what the sector needs. With the program, entrepreneurs don’t need 15 years of experience in the industry; if only you are ambitious, we will help you out with the things you do not know,” he says.
About: Beyond Beta
The incubator combines the best experience of scaling startups in general with an industry-specific network and know-how from Food & Bio Cluster Denmark. The program’s duration and scope is customised to the individual company based on 5 basic packages reflecting the special needs of startups in the space.
- Startup food Reg: Keep track of relevant food regulations
- Industry-specific incubator: The optimal framework for a growth journey.
- Feasibility Voucher: A voucher worth DKK 75,000 for the purchase of relevant knowledge
- Lead-user network: Market validation through potential core customers
- Hands-on go to market: Channel selection and market introduction.
Beyond Beta is a nationwide program across verticals, which is offered in partnership with the Danish clusters, Erhvervshusene and Accelerace. The program is supported by the European Social Fund and Danish Board of Business Development.
Potential for a unicorn
The participants in Beyond Beta spans from entrepreneurs with a good idea on paper to companies that already have millions in sales. However, they all have one important thing in common: they want to create a large, international business.
“It’s not about being the best in Thy or in Jutland. They must at least be the best in Europe in their field. This is the mindset, and the goal is to foster some unicorns in our industry – there is no doubt about that,” Mogensen says.
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