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Subscribe Big Idea Ventures launches $125m fund to help fund food & ag startups commercializing ‘groundbreaking’ IP developed at universities By Elaine Watson Recognizing that breakthrough technologies that could transform the global food supply chain often originate in academia, Big Idea Ventures has launched a $125m fund to commercialize IP from some of the nation’s leading universities and fuel economic development in rural communities across the country. The Generation Food Rural Partners (GFRP) fund – which is teaming up with North Carolina State University as its inaugural collaborator - will work with multiple universities to identify research with the strongest commercialization potential and then invest in new companies formed around that research, said
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Generation Food Platform Joins in Series A Financing of New Wave Foods Big Idea Ventures, LLCJanuary 14, 2021 GMT NEW YORK, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Big Idea Ventures LLC, the global leader in early stage protein investing, has completed an investment in Stamford, Connecticut-based New Wave Foods®, a plant-based shellfish company. The company is offering a plant-based shrimp ready for restaurants and foodservice operators in 2021. ADVERTISEMENT This investment was made in partnership with Zandbergen World’s Finest Meat and is part of New Wave Foods’ Series A round of $18 million that was headed by NEA, one of the leading global venture capital firms. This marks the first investment by Big Idea Ventures for its Generation Food platform, a later-stage platform for companies delivering real solutions to plastic pollution, food waste, CO2 emissions and water usage.