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A global challenge to support food technology innovation and that will create lasting social and economic impact for millions of people around the world
The future of food, the types of food we are eating and ensuring that there is enough food for the growing population are challenges that we are currently facing.
With the aim of supporting innovation to solve these problems relevant to society, Banco Santander and Oxentia Foundation are launching the Santander X Global Challenge | Food for the Future to seek out startups and scaleups with innovative and scalable solutions.
Also aligned with the United Nations Sustainable Development Goal to end hunger, achieve food security and promote sustainable agriculture.
Technology-based startups and scaleups from 11 countries, that present solutions to address food scarcity, access to healthy and sustainable food or the implementation of innovative technologies that improve efficiency in the food manufacturing, packaging and distribution process.
Startup category: legally incorporated in one of the participating countries, with a maximum annual income of $300,000, with $100,000 to $1 million capital raised or 25 employees maximum.
Scaleup category: legally incorporated for at least two years in one of the participating countries, with an annual income over $300,000, more than $1 million capital raised or over 25 employees.
€120.000 for 6 winners
Access to Santander X 100
The winners will become part of Santander X 100, the prime community of Santander X's most outstanding entrepreneurial projects, which gives them access to the resources they need to grow: mentoring and training, capital, customers, talent, networking opportunities and other valuable resources.
The six winning solutions will be promoted on Banco Santander's social media and official channels.
Winners will get the chance to present their solutions to Fintech Station, Banco Santander's open innovation team.
Deadline for applications: 17 November 2022.
Entrepreneurship and innovation experts evaluate and choose the top 20 startups and scaleups.
The 20 finalists present their solutions to a jury integrated by international leading experts in entrepreneurship, investment, innovation and bank executives.
The 6 winning teams are announced and celebrated at an online event
Banco Santander, leaders in responsible banking, are firmly committed to progress as well as inclusive and sustainable growth. Their pioneering and long-standing commitment to education, entrepreneurship, and employment through Santander Universities, which has been operating in this area for over 25 years, sets Banco Santander apart from the world's other financial institutions. Since its inception, the bank has allocated over €2.1 billion and supported more than 790,000 students, business professionals, and entrepreneurial projects through agreements with over 1,000 universities and institutions in 15 countries.
Oxentia grew out of Oxford University's technology transfer company, Oxford University Innovation, with the aim of providing specialised innovation management services to public and private sector customers throughout the world. Oxentia's approach builds on Oxford's strong tradition of globally supporting early-stage innovators and entrepreneurs to promote innovative projects that impact the UN’s Sustainable Development Goals. The Oxentia Foundation was created to support Oxentia's goal of addressing global inequalities through innovation and entrepreneurship activities.
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