WeWork, the chain of co-working spaces, has turned its eye to food launching WeWork Food Labs which will contribute $1 million in equity to a collection of startups (through an innovation lab).
The spaces itself includes areas for Research & Development and merchandising, a food pantry and a large events space. They expect to have around 60 paid members.
While innovations in food products are welcome, it is hoped that the startups selected will work on developing solutions to problems that plague the food industry such as new software that would help farmers or a “delivery and procurement system that assists corporations with sustainability”.
Through Agrytech – its accelerator program, Berytech is doing just that among local startups who want to innovate in the next big thing: food.