<div>
  <ul>
    <li>
      <p>
        Dutch-based Orbisk, which offers an AI-based food waste monitoring system, has secured EUR 2.4 million (approximately USD 2.78 million) in grants from the European Commission&rsquo;s European Innovation Council (EIC), upon being selected to enter the latter&rsquo;s Accelerator Program.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        The EIC Accelerator program aids innovative startups to scale their platform and has allocated EUR 363 million (approximately USD 421 million) to support 65 small and medium enterprises create game-changing innovations, either through funding or direct equity investments.
      </p>
    </li>
  </ul>
  <ul>
    <li>
      <p>
        Orbisk intends to use the funds to scale its operations internationally and continue research and development to improve its platform and AI model. Orbisk aims to increase accuracy in predicting potential food waste levels and targets, saving around 100 million kg of food waste per year in professional kitchens by 2025.&nbsp;
      </p>
    </li>
  </ul>
  <p>
    &lt;ul&gt;&lt;li&gt;
    <b>Analyst Quicktake:</b>
     Last year, Orbisk participated in a similar program called the &ldquo;Food Fight'' project organized by the EuroStars program and was selected out of 378 applicants to form an international consortium with two other selected companies to fight against food waste. Via the program, Orbisk secured a grant of EUR 1.2 million (USD 1.4 million), which primarily supported commercializing its product. During August this year, the company also 
    <a href="https://sp-edge.com/sectors/sustainability/updates/5094">
      raised EUR 1.05 million
    </a>
     (approximately USD 1.23 million) in seed funding.&lt;/ul&gt;
  </p>
</div>


<div>
  <p>
    <a href="https://www.eu-startups.com/2021/10/dutch-foodtech-startup-orbisk-secures-e2-4-million-in-eu-grant-funding-for-its-ai-based-technology-to-fight-food-waste/">
      EU-Startups
    </a>
  </p>
</div>


All Updates

Orbisk wins EUR 2.4 million in grants from the European Commission

Orbisk secures EUR 1.05 million in seed funding