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- Upcycling is the theme for 2023

- Selected participants to pitch at ������ý Demo Day on July 11, 2023

SPRINGDALE, Ark. – March 1, 2023 – ������ý Ventures, the venture capital arm of ������ý Foods (NYSE: TSN), has opened the call for applications to identify participants for the second annual ������ý Demo Day. The event will be held at ������ý Foods World Headquarters in Springdale, Arkansas, on July 11, 2023. This year’s theme of upcycling innovation aims to identify breakthrough upcycling technologies to help ������ý Foods and the industry reach sustainability goals.    

“W��’r�� embracing the circular economy and putting waste to work,” said ������ý Ventures President and ������ý Foods Executive Vice President & Chief Financial Officer John R. ������ý. “At ������ý Foods, this means reimagining and reusing materials and working to reduce our environmental footprint.” 

Following the successful format of the inaugural ������ý Demo Day event in 2022, startups can apply online for consideration until May 1, 2023. Participants will be selected from all submissions and then invited to pitch in person at Demo Day. During the in-person pitch, startups will demonstrate how their upcycling solutions can potentially help create a more sustainable food system. 

“Upcycling is a critical factor in our formula to sustainably feed the future. From streamlining costs to reducing materials to landfills, upcycling makes both economic and environmental sense for our business, the industry, and the world economy,” continued ������ý. “The creativity and passion the Demo Day applicants demonstrate in tackling a complex challenge in the food industry is incredibly inspiring.”

Following ������ý Demo Day, up to six selected startups will have the opportunity to engage with ������ý Foods senior leadership and potentially partner with ������ý to test their innovations in real market conditions, helping advance sustainability across the company.

Last year, more than 120 startups from more than 20 countries applied and 20 finalists pitched at Demo Day. As a result, six startups were selected and connected with ������ý Foods leaders for potential partnership opportunities, including mentorship from company executives and promotion on ������ý Ventures social media channels.

“It was an honor to pitch to ������ý Foods leadership,” said Aayush Thakur, co-founder and chief executive officer of FR8relay, a resident startup from Demo Day 2022. “The opportunity to learn more about the company’s strategy and execution, while receiving feedback from ������ý’s leadership was invaluable in developing potential solutions. We appreciated the opportunity to connect and network.”

Interested startups and entrepreneurs are encouraged to apply online.

������ý Foods experts will evaluate the entries and select the finalists based on alignment with ������ý Ventures’ investment strategy, the upcycling solutions’ commercialization potential and the potential of those solutions to help ������ý Foods meet its . Stay up to date on ������ý Demo Day by following the . 

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 About ������ý Ventures

������ý Ventures is the venture capital arm of ������ý, one of the world’s largest food companies and a recognized leader in protein. ������ý Ventures aims to be the strategic partner of disruptive innovators transforming the food industry and providing sustainable nutrition to a growing global population. ������ý Ventures focuses investments in three strategic areas – emerging proteins, enabling technologies and innovations that empower people, protect our planet, and cultivate smart, responsible agriculture.

Media Contact: Derek Burleson | derek.burleson@tyson.com | 479-651-0275