The second year of Startup Europe Smart Agrifood Summit, which will take place on June 20 and 21 at FYCMA (Malaga Trade Fair and Congress Center), has been recognised by the European Commission through the Patronage bestowed by Mariya Gabriel, European Commissioner for Digital Economy and Society

Paneles Temáticos Startup Europe Smart Agrifood Summit 2018

The patronage of the European Commissioner for Digital Economy and Society brings Startup Europe Smart Agrifood Summit to the limelight as a benchmark event in which new trends in food security, and opportunities arising from the application of disruptive technologies [block chain, big data or robotics] will be discussed, in addition to the exploration of new businesses or environmental development and the circular economy, among others.

The Summit has become the main event at a European level and one of the major international events focused on the digital transformation of the agrifood sector and will hold its second meeting on June 20 and 21 in Malaga. In 2018, it brought together more than 350 companies as well as over 1,200 professionals including entrepreneurs, investors, start-ups, companies and institutions linked to the digital innovation and transformation of the agrifood sector, which accounts for 9% of the European GDP.

Startup Europe Smart Agrifood Summit is jointly organised by FYCMA (Malaga Trade Fair and Congress Center) and INTEC (European Foundation for Innovation and Technological Development), and is promoted by the European initiative ‘Startup Europe’ of the European Commission regarding the Digital Single Market strategy.

One of the main keys of Startup Europe Smart Agrifood Summit is to foster the creation of relations between companies, universities, start-ups and investors with potential collaborators and innovation ecosystems from Europe and other parts of the world such as the Silicon Valley, Latinoamérica and Israel in order to generate business opportunities and networking in a sector that accounts for 40% of the world’s economy in the entire agrifood chain between the primary sector, the industrial and processing sector and service sector.

Thus, in 2018, the event was the venue for holding over a thousand business meetings and generated a turnover of more than €200 million. Hence, 40% of the startup companies attending the event could obtain some sort of funding from investors present. In this regard, it is worth noting that nearly €24.7 billion have been invested in start-ups in 3,000 venture rounds in 2018, of which 10% corresponds to the agrifood sector, according to data from the European Foundation for Innovation in Europe.

Likewise, the event will be fundamental for professionals to discover the latest technologies applicable to the agrifood value chain. It is, in short, a meeting point to share innovative ideas, trends and access the latest developments related to this industry. Furthermore, it will promote entrepreneurial and innovative growth of start-ups, EBTs and Spin-offs by offering opportunities for development and access to investment funds.

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