Chicago welcomes Venture Summit Future-of-Food

Chicago welcomes Venture Summit Future-of-Food

World Business Chicago is hosting a new food innovation summit at the end of the month.

Called Chicago Venture Summit Future-of-Food, the event will bring together companies from all over the world to experience our food innovation ecosystem.
Why it matters: Not only are more than 2,600 food innovation tech startups headquartered here, but the field is critical to improving logistics and sustainability in the food supply chain.

Context: Chicago has seen an 802% increase in capital for logistic tech companies since 2019, mostly coming from a surge in investments after disruptions slowed the global supply chain, according to a new WBC report.

In Q1 2022, 11 local food innovation companies raised $111 million.
Background: Since 2014, WBC has hosted Chicago Venture Summit events to raise awareness and funds for tech and startup businesses.

In 2021, WBC helped raise $9 billion in total funding for local tech founders, according to WBC president Michael Fassnacht.
What’s next: The summit takes place May 25–26. Programming highlights include:

Keynote speech from Cleveland Avenue founder and former McDonald’s CEO Don Thompson.
Panel discussion on the local food and beverage ecosystem.
Pitch competition for new food and agriculture founders.



Guest Writer

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