Solve For Food lands initial investor to build MATS food innovation center
The 20,000-square-foot center, to be located in Northwest Arkansas, will feature product innovation kitchens and a MATS-30 commercial scale food production system capable of producing up to 10 million packages per year.
Food processing innovation startup Solve For Food, Bentonville, Ark., announced that IV Ventures, LLC, Bellevue, Wash., has agreed to be the initial investor of the first Food Innovation Center.
Solve For Food's leadership team, comprised of consumer packaged goods industry veterans from Walmart, Sam's Club and Procter & Gamble, aims to raise $13 million in capital to break ground on the startups' first Food Innovation Center. The center will provide established food companies and startups with concept-to-consumption food production and innovation services using the microwave-assisted thermal sterilization (MATS) food preservation technology by 915 Labs, Centennial, Colo.