Forward Fooding has just launched the FoodTech 500 list, the world’s first definitive list of the global entrepreneurial talent at the intersection between food, technology, and sustainability. And you can apply to be featured on the 2021 edition!
By SWB Team
Forward Fooding, the world’s first collaborative platform fostering innovation via FoodTech data intelligence and corporate-startup collaboration, launched the FoodTech 500, the world’s first definitive list of the global entrepreneurial talent at the intersection between food, technology, and sustainability.
Inspired by the Fortune 500, the list garnered 2,052 applicants from over 60 countries, revealing the incredible diversity of those tackling the food crisis. As Forward Fooding launched the 2020 finalists lists, it also launched pre-applications for the 2021 edition.
The FoodTech 500 2020 list was created through a process of manually validation against 3 criteria, to produce the finalists. From these 500 finalists, technology takes the lead: the data from each application is processed using the FoodTech Data Navigator’s algorithm, and then used to calculate a business size score as well as a digital footprint score. Criteria includes.
1. BUSINESS SIZE: The first criterion the FoodTech Data Navigator generates is a Business size score. This is a prediction of business growth based upon financial performance indicators. It takes into account the number of employees, stage of funding and funding raised.
2. DIGITAL FOOTPRINT: The second criterion the FoodTech Data Navigator generates is a Digital FootPrint Score which is a prediction of business growth based upon each company’s digital presence, social media performance and visibility on the web.
3. SUSTAINABILITY SCORE. The sustainability score, on the other hand, has been derived from a bespoke model. This is based on a set of questions around the United Nations SDGs, and also a few other data points. The last step entails aggregating the three individual scores, giving each finalist a score out of 300. Additionally, this determines their ranked position on the overall list and across the 8 different AgriFoodtech macro categories.
You can pre-apply to be on the 2021 list here.
