Briefing

WeWork Labs is launching a food tech accelerator

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The co-working space company is committing US$1 million in equity investments to the first cohort of companies, who will spend half a year in at the program. This is WeWork’s first formal accelerator program. (TechCrunch)

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Talking point: WeWork has more than 400,000 members, many of them startup founders. That gives the firm valuable insight into the emerging innovation landscape across global markets—and it sees potential in food tech. There’s lots of excitement around innovative food products, like Impossible Foods—which has raised close to US$400 million from investors like Bill Gates—as well as tech- and cloud-based solutions to improve farming productivity and lower emissions. As food insecurity and climate change become ever more pressing issues, the solutions to those problems present big opportunities for founders and investors.