As Germany-based Metro’s innovation hub Nx-Food partners with foodjobs.de, the Group also announces it is searching for potential business partners in China.
Metro searches for partners in China…
After choosing to focus on its core cash-and-carry business, Metro is also reviewing the future of its operations in China. The wholesaler has recently confirmed its intention to search for partners in the Chinese market. Metro had been in talks with banks, Citi and JP Morgan, as it reviewed options. These included selling a minority stake and forming a joint venture.
…while Nx-Food incubator partners with foodjobs.de
Nx-Food, an incubator for start-ups, has partnered with job platform foodjobs.de. The partnership aims to help start-ups with their recruitment process by suggesting prospective employees. Start-ups belonging to Nx-Food can also advertise for staff on the platform free of charge.
Fabio Ziemßen, director of food innovation and in charge of Nx-Food, said “One of the most critical moments for a start-up is the beginning of its growth phase. Without expert staff, these companies cannot produce reliably”. Nx-Food and foodjobs.de will collaborate on new food topics to assist the start-ups as well.
Finalists selected for Accelerator programme
Metro has selected 10 tech start-ups from eight countries for its ‘Accelerator’ programme in Berlin. The countries of participants include Croatia, France, Germany, India, Israel, Italy, South Korea and the UK. The finalists were selected by a panel of investors, Metro executives and other partners.
The three-month programme aims to support and promote start-ups that have the potential to add value to the hospitality sector. The participants will each be provided with extensive support from experts and €120,000 in funding.
During the programme, the participants will develop and pitch their business models to potential investors. At the end, the participants will test their technological solutions with 500 restaurant owners, across five European markets.
Sylvia Dudek, programme director of Metro Accelerator, commented, “The direct exchange with innovative start-ups enables us to change perspectives, which we expect will give new impetus to the hospitality sector. In return, we offer the teams potential access to our roughly 21 million wholesale customers and to an extensive network of contacts in the hospitality sector that start-ups hardly get anywhere else”.