Tyson sets up $150 million new venture capital fund
Tyson Foods to use fund to invest in companies developing technologies, business models and products to sustainably feed growing population
Tyson Foods has launched a venture capital fund focused on investing in companies developing breakthrough technologies, business models and products to sustainably feed a growing world population. The move is being made as part of Tyson’s commitment to innovation and growth.
Tyson will make available
Fund to concentrate on three key areas
The fund will concentrate on three areas in the foods space: commercializing delicious, safe and affordable alternative proteins; tackling food insecurity and food loss through market making and other commercial models; and tapping the internet of food to promote more precise and productive resource application, safety, and consumer empowerment in the food chain.
“We intend to collaborate with promising food entrepreneurs who are pioneering new products and technology that are making meaningful changes and improvement to food systems,” said
Mary Kay James to lead Tyson New Ventures
Mary Kay James | Tyson Foods
Tyson New Ventures will be based in
James and her team will seek startups that complement Tyson Foods’ existing business and product development efforts. They will focus on the areas of alternative proteins, elimination of food waste and leveraging innovative trends in technology.
"This fund is about broadening our exposure to innovative, new forms of protein and ways of producing food, while remaining focused on our core fresh meats, poultry and prepared foods businesses, which are also experiencing tremendous consumer demand and growth," McGurk said.