SPACE-F Batch 7: 4 FoodTech Startups Using Data Innovation
Explore how 4 startups from SPACE-F Batch 7 leverage data from molecular to retail levels to transform the FoodTech industry.
Stock photo for illustration only, not from the actual event
- Modern FoodTech competition relies on deep data utilization to understand consumer needs.
- Kresko RNAtech and BeNatureBioLab use data for molecular ingredients and bioavailability.
- ComexSoft and SicPama utilize market and behavioral data to boost retail and dining sales.
The global food industry is transitioning into a new era of competition. As producers gain more ingredient options and reduce process waste, the ultimate battleground has shifted to understanding the human body and customer behavior in granular detail through data.
Food data generally splits into two categories: internal biological data, such as nutrients and molecular profiles for health products, and external market data, including competitor pricing and purchase habits. According to Mordor Intelligence, the personalized nutrition market is projected to reach $18,620 million by 2026.
Stock photo for illustration only, not from the actual event
This article introduces four accelerator startups from SPACE-F Batch 7—Kresko RNAtech, BeNatureBioLab, ComexSoft, and SicPama—that are harnessing data to solve challenges ranging from bioactive compound discovery to restaurant operations.
Integrating data into modern food tech goes beyond basic sales tracking. It involves deep biochemical analysis and real-time behavioral insights, minimizing product development risks and creating sustainable competitive advantages.
Starting with Kresko RNAtech from the USA and Argentina, the company focuses on natural bioactive RNA. They developed the Serkanto AI platform and machine learning to screen RNA candidates and stabilization technologies for functional foods.
Meanwhile, South Korea's BeNatureBioLab tackles nutrient delivery using HME-DDS technology, applying Hot-Melt Extrusion to mix active compounds with carriers, enhancing bioavailability and ensuring the body actually absorbs the nutrients.
In retail and dining, Spain's ComexSoft provides near-real-time market analytics, helping brands track competitors. Their partnership with Eroski boosted business line sales by 900% and basket value by 86%. South Korea's SicPama utilizes QR code ordering systems to track purchase history for CRM, helping restaurants increase average table spending by over 50%.
"Data helps restaurants send targeted offers and increase average table spending by over 50%."
SicPama
Together, these four models demonstrate how data empowers the food industry across the entire value chain, from upstream molecular discovery to downstream consumer behavior analysis.
Source: Techsauce
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