- Aimed at: Startups/Scaleups
- Located in:
- Argentina
- Brazil
- Chile
- Germany
- Spain
- Read more
Requirements
Startups
- Must be legally incorporated in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA and the UK.
- Be technology based: focused on the development and/or manufacturing that uses leading edge scientific or technological knowledge systematically to produce new goods or services to the market.
- Be innovative: the solution includes a feasible and credible new technology, new technology application, new business model, or a new process. The maturity of the technology is referenced along with any patents or IP strategy associated with the solution.
- Meet at least one of the following criteria:
- Currently marketing a product/service that does not exceed annual sales revenue of $300k.
- Have raised capital between $100k and $1m.
- Have between 2 and 25 full time employees.
Scaleups
- Must be legally incorporated for at least 2 years in one of the following countries: Argentina, Brazil, Chile, Germany, Mexico, Poland, Portugal, Spain, Uruguay, USA and the UK.
- Be technology based: focused on the development and/or manufacturing that uses leading edge scientific or technological knowledge systematically to produce new goods or services to the market.
- Be innovative: the solution includes a feasible and credible new technology, new technology application, new business model, or a new process. The maturity of the technology is referenced along with any patents or IP strategy associated with the solution.
- Meet at least one of the following criteria:
- Currently marketing a product/service with over $300k annual sales.
- Have raised over $1m.
- Have over 25 full time employees.
Exceptions:
- If the company meets the scaleup criteria, but has less than two years since their legal incorporation then it will be considered a startup.
- If the company has already won a previous Santander X Global Challenge (on the same category they are applying for), then they won't be considered eligible.
General information
Banco Santander and Oxentia Foundation are launching the Santander X Global Challenge | Food for the Future to seek startups and scaleups with innovative and scalable solutions using food technology. The aim of both institutions is supporting innovation to improve productivity and employment, as well as to solve problems relevant to society.
This new global challenge is aimed at startups and scaleups from 11 countries (Germany, Argentina, Brazil, Chile, the US, Spain, Mexico, Portugal, Poland, the UK and Uruguay), with an innovative and technology-based product.
Applications can be submitted until 17 November.
Participants must submit a project in response to the challenge of food innovation, this can include the following:
- Feeding the World: Solutions that address the increasing world population and general shortage of food. This may include transforming agriculture, producing alternative, proteins, avoiding produce damage and waste.
- Super Food: Solutions which focus on the health and environmental benefits of the food we consume. This can include the increase in plant-based foods and the linked benefits on the environment, but also utilising medical properties in food, as well as nutrition education and solutions to improve diet and preserve our health.
- Food Tech: Harnessing technology to innovate the food industry. From home preparation devices and gadgets to better inform consumers, to technology used in manufacturing, packaging and distribution.
Reward
There will be six winning projects, which will receive €120,000 in prizes between them.
- €30,000 for the three winning startups (€10,000 each)
- €90,000 for the three best scaleups (€30,000 each)
They will also have access to Santander X 100, Santander X's prime community of leading start-ups, which connects them to the resources they need to grow. providing: advice and training, capital, customers, talent, networking and other valuable resources.
Call guidelines
Collaborators
Call stages
Contact to make enquiries about this call
To resolve queries about this call, you can contact the manager of the call by writing to:
Sx.challenge@oxentia.com
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