Calidad Pascual, a Spain-based dairy business, has set up its corporate venturing unit.
The family-owned business formed Pascual Innoventures to work with and invest in startups doing business in areas including the circular economy, personalisation and health, according to news provider Just Food.
Pascual Innoventures is already working with Spain-based startup Venvirotech on turning waste into bioplastics.
Sejal Ravji, the director of Pascual Innoventures, told Just Food in a statement: “Pascual Innoventures has the main objective of investigating and identifying projects of all kinds, provided that they have a high potential added-value for the agri-food sector.”
“Pascual Innoventures was born with the corporate-venturing model and with the spirit of weaving an ecosystem of startups in the agri-food sector based on collaborative innovation, so it will invest in startups in the early stage to promote their development and grow together.
“And it will not only invest in startups already created, but it will also identify new needs for the agri-food sector and create other startups from scratch.”
Ravji, a former GBFoods and Nestlé who joined the dairy business in 2018 as director of open innovation, is leading the new unit with Gabriel Torres Pascual, Calidad Pascual’s director of innovation, the news provider added.
Sejal photo from LinkedIn
