Valencia's Modoru Biotech named most innovative start-up at ftalks Food Summit in Mexico City

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Modoru Biotech, a start-up from Valencia, won the prize for most innovative start-up at the fifth ftalks Food Summit LATAM in Mexico City. Its product controls crop pests and diseases with a fully organic approach built on nanotechnology and RNA. The award for most sustainable start-up went to Uruguay's metaBIX Biotech, whose deeptech platform monitors the environment for biological threats and predicts pathogens.

The forum is organised by KM ZERO, a Spanish food innovation hub, together with Deloitte, and sits inside THE FOOD TECH Summit & Expo, which drew 22,570 attendees. Awards are nice, but the audience is the point: the finalists presented their business models to investment funds and to executives from Grupo Bimbo, Sigma and Grupo Arancia.

The exhibition area held 46 start-ups from 10 countries, six of them Spanish. Five, Aldous Bio, flipflow, Fibtray, ComexSoft and Modoru Biotech, came under València Innovation Capital's Agrotech mission; Sensesbit made up the sixth. ICEX, València Innovation Capital, Spain's agriculture ministry and the Spanish embassy in Mexico backed the event.