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Banco Santander and Oxentia seek solutions to the global food crisis

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The Santander X Global Challenge | Food for the future aims to help alleviate the global food shortage, promote sustainable food and innovate in all processes of the food industry.

The six winning projects will receive prizes totaling €120,000 and access to Santander X 100, the exclusive global community of Santander X’s most outstanding entrepreneurial projects.

The registration period will remain open until November 10 at Santander X.

Madrid, October 19, 2022.
Banco Santander, in collaboration with the Oxentia Foundation, launches the Santander X Global Challenge | Food for the future, a new global challenge aimed at startups and scale-ups that present solutions to combat food shortage, access to healthy and sustainable food or the implementation of innovative technologies that improve the efficiency of the manufacturing process, of food packaging and distribution.

The initiative, aligned with the second United Nations Sustainable Development Goals (SDGs) to end hunger, is aimed at start-ups from 11 countries (Argentina, Brazil, Chile, Germany, Mexico, Portugal, Poland, Spain, United Kingdom, United States and Uruguay) which present an innovative solution around the food industry and a technological base that can generate a sustainable economic and social impact. The call will be open until November 10.

After the project selection, evaluation and validation process, a jury of international experts will designate the six winning projects, which will receive 120,000 euros in prize money: 30,000 euros for the three winning startups (10,000 euros each) and 90,000 euros for the three best scaleups (30,000 euros each). They will also have access to Santander X 100, the first global community that supports the most outstanding startups and scaleups from the various Santander X programs and challenges, allowing them to network and connect them with the resources they need to grow: tips and training, capital, customers, talent and other valuable resources.

Blanca Sagastume, Deputy Global Director of Santander Universitiespoints out that “The food industry is currently undergoing a profound transformation and therefore we must support all initiatives and innovations that can help accelerate this change, because to a large extent the future must be sustainable”.

Steve Cleverley, CEO of the Oxentia Foundation, said: “Helping entrepreneurs address global challenges, deliver innovative solutions and promote the adoption of new and disruptive technologies is at the heart of our work. We are delighted to partner with Banco Santander to launch this global challenge. is a matter of great importance, not only aligned with our global responsibility and our progress towards the Sustainable Development Goals, but part of our daily lives; something that each of us can relate to.

Finalists will also have the opportunity to present their proposals to Fintech stationthe Santander team that promotes open innovation in banking and articulates it through the area of ​​entrepreneurship of the universities of Santander.