Agtech startup Ÿnsect joins the World Economic Forum’s Global Innovators Community
Paris, 25 January 2021 – Ÿnsect, world leader in natural insect protein and fertilizer production, announces today that it joins the World Economic Forum’s Global Innovators Community as the first French agtech startup.
The World Economic Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. Its invitation-only group, The Global Innovators Community, is made up of the world’s most promising start-ups and scale-ups, providing them with a platform to engage with public and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.
Following some key milestones including the extension of its Series C to $372 million to improve global food security and sustainability in October last year, followed by the EFSA’s recent positive assessment of the safety of Ynsect’s mealworm product as being safe for human consumption, this prestigious invitation from the WEF further strengthens Ynsect’s commitment to building a more sustainable future.
Ÿnsect’s goal is to pave the way and help the industry grow to meet the crucial challenges of tomorrow: feeding the planet, preserving the environment and its biodiversity, improving overall ecosystems and human health, and fighting against climate change.
‘With climate change and increasing populations worldwide, we need to produce more food with less available land and fewer resources’, says Antoine Hubert, Ÿnsect’s co-founder, President and CEO.’ We are thrilled to join the Global Innovators community as the first French agtech startup and to work with other leading start-ups and scale-ups to improve the state of the world.’
Ÿnsect’s current focus is the completion of their next vertical farm in the city of Amiens. Due to open late 2021, this will be the first carbon negative and largest vertical farm in the world.
Antoine Hubert will be participating in The Davos Agenda, taking place from 25-29 January 2021, joining other key stakeholders for a cohesive and sustainable world.
Ÿnsect is the world leader in natural insect protein and fertilizer production. Founded in 2011 in Paris, France by scientists and environmental activists, the Next40 company transforms insects into premium, high-value ingredients for pets, fish, plants, and human beings. From its purpose-built state of the art farms, Ÿnsect offers an organic, long-term sustainable solution to accelerating consumption of protein and plants. Ÿnsect uses pioneering proprietary technology protected globally by c.260 patents to produce Molitor mealworm in vertical farms. The first production unit in Dole, France has been operating since 2016. Ÿnsect is currently building its second production unit, the largest vertical farm in the world, in Amiens, France. The company has raised c. $435 million from leading global investors and is exporting its products worldwide. www.ynsect.com
About the World Economic Forum
The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests.
About The Global Innovators Community
The Global Innovators Community is a group of the world’s most promising start-ups and scale-ups that are at the forefront of technological and business model innovation. The World Economic Forum provides the Global Innovators Community with a platform to engage with public- and private-sector leaders and to contribute new solutions to overcome current crises and build future resiliency.
Companies who are invited to become Global Innovators will engage with one or more of the Forum’s Platforms, as relevant, to help define the global agenda on key issues. If your company is interested in becoming a Global Innovator, please get in touch here.