Categories: Chicago

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.

Source: Axios.com

Lucas Durden

Guest Writer

Recent Posts

Senate Democrats mock Biden for selling weapons to Israel

Some of President Biden's strongest Senate allies are calling on Israelis to end months of fierce fighting and criticizing the…

10 months ago

The biggest cities in Ukraine are struck by Russian missiles, leaving at least 4 dead and over 100 injured

Ukraine's KYIV — At least four people were killed and nearly 100 injured when Russian hypersonic ballistic missiles attacked Ukraine's…

10 months ago

Good News That’s Much Needed for Biden

The economy is making Americans feel a little more upbeat, especially when it comes to jobs and incomes, which could…

11 months ago

College Ventilation System Reveals Missing Man

The discovery of a decaying body inside a college ventilation system marked the tragic and unexplained end to a missing…

11 months ago

Following three Palestinian shots, a Vermont man was arrested

Following the shooting deaths of three 20-year-old Palestinian-American students in Vermont, authorities have detained a man. According to a news…

11 months ago

China is told to cease “COVID deception” due to the pneumonia outbreak by the US envoy

The United States ambassador to Japan, Rahm Emanuel, urged Chinese authorities "to abandon COVID deception" and demanded that China be…

12 months ago

This website uses cookies.