Fighting waste and food contamination: Wasteless and Inspecto are rewarded by Deloitte’s Foodtech Accelerator

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They are seven overall, all highly technological and (very) successful: these are the agrifood start-ups that have been rewarded by Deloitte’s Foodtech Accelerator project. Launched in May 2018 as a result of the collaboration with major companies like Amadori, Cereal Docks and Finiper Group, FoodTech Accelerator is an accelerator that allows the most promising innovators in the world to work together to innovate the retail and agrifood sectors. Milan has become the top international hub in these sectors and is the place where the seven start-ups that have won the project were presented in January.
 
Of these, two Israeli start-ups are worth mentioning: Wasteless, the first Artificial Intelligence software that allows for the automatic and in real time tracking of agrifood products intended for grocery stores so that they can be ordered according to their expiration date (from the nearest onwards). It relies on an algorithm that uses machine learning to obtain a dynamic pricing solution. Food companies can thus sell products to their customers at competitive prices thanks to considerable waste cuts.

Inspecto, instead, is engaged in fighting food contamination. How does it work? It uses a portable nanometric scanner for the early detection of harmful substances directly in the field. Inspecto can be used by farmers, producers and suppliers, at any point in the supply chain. Scanned data are then stored on the cloud and protected by a system that is structured on a blockchain protocol.

These companies and the other five winners will have access to a Smart Money package, which includes a €20,000 cash contribution and services worth €50,000, in addition to possible further funding from partners, in return for 6% equity. On top of this, they will be able to make the most of a mentoring service and of very stimulating co-working areas: a full immersion in an ecosystem that is rich in innovation.