Tyson Ventures Seeks Upcycling Startups for Annual Tyson Demo Day
March 01 2023 - 1:00PM
Tyson Ventures, the venture capital arm of Tyson Foods (NYSE: TSN),
has opened the call for applications to identify participants for
the second annual Tyson Demo Day. The event will be held at Tyson
Foods World Headquarters in Springdale, Arkansas, on July 11, 2023.
This year’s theme of upcycling innovation aims to identify
breakthrough upcycling technologies to help Tyson Foods and the
industry reach sustainability goals.
“We’re embracing the circular economy and putting waste to
work,” said Tyson Ventures President and Tyson Foods Executive Vice
President & Chief Financial Officer John R. Tyson. “At Tyson
Foods, this means reimagining and reusing materials and working to
reduce our environmental footprint.”
Following the successful format of the inaugural Tyson Demo Day
event in 2022, startups can apply online for consideration until
May 1, 2023. Participants will be selected from all submissions and
then invited to pitch in person at Demo Day. During the in-person
pitch, startups will demonstrate how their upcycling solutions can
potentially help create a more sustainable food system.
“Upcycling is a critical factor in our formula to sustainably
feed the future. From streamlining costs to reducing materials to
landfills, upcycling makes both economic and environmental sense
for our business, the industry, and the world economy,” continued
Tyson. “The creativity and passion the Demo Day applicants
demonstrate in tackling a complex challenge in the food industry is
incredibly inspiring.”
Following Tyson Demo Day, up to six selected startups will have
the opportunity to engage with Tyson Foods senior leadership and
potentially partner with Tyson to test their innovations in real
market conditions, helping advance sustainability across the
company.
Last year, more than 120 startups from more than 20 countries
applied and 20 finalists pitched at Demo Day. As a result, six
startups were selected and connected with Tyson Foods leaders for
potential partnership opportunities, including mentorship from
company executives and promotion on Tyson Ventures social media
channels.
“It was an honor to pitch to Tyson Foods leadership,” said
Aayush Thakur, co-founder and chief executive officer of FR8relay,
a resident startup from Demo Day 2022. “The opportunity to learn
more about the company’s strategy and execution, while receiving
feedback from Tyson’s leadership was invaluable in developing
potential solutions. We appreciated the opportunity to connect and
network.”
Interested startups and entrepreneurs are encouraged to apply
online here.
Tyson Foods experts will evaluate the entries and select the
finalists based on alignment with Tyson Ventures’ investment
strategy, the upcycling solutions’ commercialization potential and
the potential of those solutions to help Tyson Foods meet
its sustainability goals. Stay up to date on Tyson Demo Day by
following the Tyson Ventures LinkedIn profile
.
About Tyson Ventures
Tyson Ventures is the venture capital arm of Tyson Foods, Inc.,
one of the world’s largest food companies and a recognized leader
in protein. Tyson Ventures aims to be the strategic partner of
disruptive innovators transforming the food industry and providing
sustainable nutrition to a growing global population. Tyson
Ventures focuses investments in three strategic areas – emerging
proteins, enabling technologies and innovations that empower
people, protect our planet, and cultivate smart, responsible
agriculture.
Media Contact: Derek Burleson |
derek.burleson@tyson.com |
479-651-0275
mediarelations@tyson.comwww.tysonfoods.com
Category: IR
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