EIT Food identifies unmet needs of Europe’s agrifood SMEs in new report

April 20th, 2022 – EIT Food, the food-focused investment arm of the EU’s European Institute of Innovation and Technology, recently released a report aiming to identify unmet needs of small and medium-sized enterprises (SMEs) working in the agrifood industries across the continent.

The report analyzed qualitative insights from 100 agrifood SMEs and support organizations from Iceland, Ireland, and the UK.

The EIT Food report suggests that agrifood SMEs focus most of their time and effort on multiple aspects of their business, including — but not limited to — profitability. Investors, on the other hand, typically prioritize returns over all else.

But returns on agrifood investments can take longer to materialize compared to other sectors, largely because of regulatory and technical challenges, the report states. This makes it particularly difficult for agrifood SMEs to raise funding.

More…https://agfundernews.com/eit-food-identifies-unmet-needs-of-europes-agrifood-smes-in-new-report

Written by EIT Food
Photo: Enisa European Union