Food-tech Ventures Digging a Bite in the Goan Startup Scene

24th October 2017 | Decision Tree Consulting
Food-tech Ventures Digging a Bite in the Goan Startup Scene

A trending anonymous quote on the internet says, “I won’t be impressed with technology until I can download my food.” Well, while we are yet to download the food from a smart device, technology is surely playing an important role in connecting hungry mouths with all kinds of foods, across the globe.

Whether it is innovating new flavours and foods or processing food for a prolonged shelf life or cutting corners (in a good sense!) and finding alleyways in food delivery and supply chain – technology is influencing every day hunger management around the world.

The sunshine state is not a different story. For decades, Goa is synonymous with a lifestyle rich with sumptuous food and exotic drinks – of course, apart from its pristine beaches and vibrant culture.

How are Goan Startups Making Advances in Food Technology?

Goans have a special place for food in their hearts. Add to the fact that most Goans have global exposure; it is quite natural for the state to witness a lot of gastronomical innovations.

What meets the eye is the slew of new theme-based gourmet restaurants popping across Goa, especially before the start of the tourist season. However, there is much more cooking in the food technology space in the state that meets the eye.

From spice-based liqueur to organic, healthy snacks to frozen foods, Goan startups are busy making innovative foods and drinks and also finding novel ways to connect food vendors with the hungry mob.

CIBA (Centre for Incubation and Business Administration), an incubation centre in Goa, has an important role to play in transforming Goa into a food technology startup hotbed. The incubation centre has three centres; two in Goa and one in Mumbai.

The Verna, Goa, centre offers a state-of-the-art food processing lab where food entrepreneurs can come and dabble in food technology, at a negligible cost. Not just that, CIBA also offers food technology startups in Goa in raising seed funding, obtaining food and other requisite certifications, mentorship, patenting and marketing.

“We offer end-to-end support to food technology startups, from the stage of testing their recipes and formulas in our fully-equipped food processing lab to securing their inventions through patenting to helping the startup stand on its feet through constant mentorship on marketing and business operations management,” says D. S. Prashant, General Manager, CIBA.

The incubation centre supports several individuals in testing their food products in its food processing lab and also creates awareness on the subject of food technology through various seminars, talks and workshops. Recently, CIBA conducted the ‘Entrepreneurship Development Programme in Food Processing’, a six-week program to help people who wanted to launch their own food processing venture.

Previously, CIBA had supported Licor Armada, the now world-famous spice-based fine liqueur. It is presently incubating Foodbudz, an innovative food takeaway platform that is bridging the gap between customers and food vendors.

The Road Ahead

A lot of people from around the world come to Goa each year. Some revel over the weekend, while others stay for a couple of months. In any case, the demand for innovation in food is increasing each year. This is causing many youngsters to look at food technology as a promising area for entrepreneurship in Goa, and incubation centres like CIBA set the stage for innovation to simmer into marketable food products.

 

 

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