WeWork Is Launching An Accelerator Focused on Food Tech Startups

WeWork Labs has its eyes set on food tech startups, according to TechCrunch. The innovation program was relaunched by WeWork, the coworking space giant, about a year ago. Now, it is hoping to grab the attention of early-stage startups from across the world.

Currently, WeWork Labs has locations in Washington, D.C., New York City, Houston, and Seattle, along with various other international locations. The labs feature workshops, introductions to VCs, mentorship and pitch events to help founders grow their businesses and skills.

WeWork Labs’ food tech initiative comes as more investors lean into food tech and other food-focused businesses. According to a report by Food Tech Connect, $1.08 billion in venture capital investments were made to 99 beverage and food industry agreements in 2017.

“I do have to say, food carries a disproportionate amount of weight and attention,” Global Head of WeWork Labs Roee Adler said to TechCrunch. “We think it is one of the most exciting areas in the world right now, because this isn’t merely about encouraging businesses — this is about the future of the world, no less than what our children will eat.”

Companies like Seamless and UberEats have led the way for food delivery platforms, while others like Goodr are providing a sustainable, philanthropic way to conserve food waste. These startups can target a variety of issues including food insecurity, grocery shopping, and delivery services.

Food-focused startups are becoming increasingly popular and now some of these companies are hoping to make it big. Instacart, the online grocery shopping startup, announced it wants to IPO later this year. The company raised more than $600 million in funding last year to gear up for the big move.

WeWork is hoping to tap into the food tech gold mine by leveraging its tools and connections for blooming companies. The company told TechCrunch that there may be more specialized initiatives from WeWork Labs in the future.

WeWork Is Giving AfroTech Attendees A Chance To Change How They Think About Work

Photo: Courtesy of WeWork

Finding a space that allows you to be your most productive self is essential. Having the right setup can be the difference between getting that proposal you’ve been working on squared away, or continuing to leave it on your to-do list. It’s well known that the right workspace can impact your peace of mind and serve as the inspiration you need to get your big break.

That’s where WeWork comes in.

WeWork is here for you whether you from WIFI or are looking for an affordable space to start your small business. The global network of workspaces has a presence in 270 locations, including Los Angeles, Hong Kong, Chicago, Milan, and AfroTech’s very own San Francisco / Bay Area. And if you’re joining us for AfroTech 2018, you can test out WeWork’s one-of-a-kind workspaces in your area for free!

Photo: Courtesy of WeWork
Photo: Courtesy of WeWork

All AfroTech attendees will be able to visit WeWork’s booth to pick up a 1-day pass giving them access to work from any WeWork space in the San Francisco / Bay Area or in their local market. If you’ve been looking for a new space to work, you want to take your self-employment or small business to the next level or you just want to see what all the hype is about, WeWork wants to help.

And although it’s a business built around work, one of WeWork’s major priorities is to change the way we think about work life and shift our priorities towards having a more fulfilled life outside of our jobs. That’s why WeWork aims as curating workspaces that are dynamic, creative, and connective. This means on-site activations like art installations and after-work yoga sessions to help employees unwind. All work and no play is not the WeWork way.

So if you’ll be at AfroTech 2018 (why wouldn’t you be?) be sure to stop by the WeWork booth and talk to the team. We know that work doesn’t end just because you’re having a great time with us so be sure to scope out a few of the San Francisco / Bay Area locations and use your 1-day pass in real time.

Photo: Courtesy of WeWork
Photo: Courtesy of WeWork