Brinc Launches Debut Brazil Accelerator Program, And Opens its Latin America Office.

Market Watch

Brinc identifies Latin America, and especially Brazil, as a future global leader in the food-technology space. The Good Food Institute (GFI) says Brazil’s plant-based protein market has grown exponentially in recent years, making it the world’s fifth-most important market in healthy foods, with a yearly growth rate of 20% (against a global average of 8%). Furthermore, GlobalData researchers found that a third of Brazilians are buying less meat, with 14% consuming more alternative proteins; while a recent DuPont survey found that 62% of Brazilians are interested in plant-based foods.

Program and Partner Commentary

Manav Gupta, Founder and CEO of Brinc, said: “The launch of this program in Brazil is Brinc’s first step towards greater participation in the LATAM venture ecosystem. We are committed to contributing to the growth and success of an already burgeoning FoodTech movement and are excited about the early partnerships in place to kick this off. We look forward to being a contributor and accelerator for a growing volume of companies in Brazil that are focused on areas of critical importance and sustainability.”

Program Overview

The new Brazil Food Technology Accelerator Program will help startups avoid common challenges and pitfalls while propelling them to their next level of development. Three Core Program Pillars will play a pivotal role in establishing a solid foundation for selected startups:

Brinc Background

Headquartered in Hong Kong, Brinc is one of the world’s leading global venture accelerators, operating 17 comprehensive multidisciplinary accelerator programs in seven countries. Brinc has a portfolio of over 200 companies with 160+ investments made through its accelerator programs supporting founders from over 38 countries.

About Lever VC

Lever VC is a venture capital fund, based in Hong Kong and the US, investing in early-stage alternative protein companies around the world. It is the first traditional VC fund focused exclusively on the global alternative protein sector, with a growing portfolio of 65+ companies across Asia, Europe and North America.

About Grupo Baobá

Grupo Baobá was established in 2011 after the sale of Grupo Mabel to PepsiCo. Grupo Mabel was founded in 1953 in Ribeirão Preto, Brazil and grew to be the country’s second largest cookie and confectionery producer at the time of its sale. Since then, the family has continued to support Brazil’s food industry by holding stakes in companies ranging from the milling industry to dairy and confectionery. Grupo Baoba’s has also been active in the cellular agriculture and plant-based protein markets investing directly in companies as well as via specialized funds. This partnership with BRINC comes to expand the firm’s portfolio into the earliest stages of venture with the intention of creating a robust Brazilian ecosystem in an industry that is most strategic to the country.

Press Contacts

Brinc global contact: press@brinc.io

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Angel Ventures Mx

Angel Ventures Mx

Mexican Venture Capital firm currently investing in the fields of BoP, Healthcare, Fintech, TIC’s, Retail/Mobility and FoodTech. @AVM_Mex