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Spotimize AI service debuts at iba.START UP AREA

A new AI image-recognition service is unveiled at iba, which tracks in-store patisserie and bakery shelf performances in real-time. AI specialist MarketLab, in partnership with Puratos, developed Spotimize to help with shelf management, lower waste and improve the customer’s experience. During its current startup phase, the Spotimize service will be available to a limited number of customers in selected countries.

EIT Food to receive funding to improve food security in Europe

EIT Food, the world’s largest agrifood community, will receive USD 500,000 in funding from the Citi Foundation’s first Global Innovation Challenge – a new model for philanthropic support to organizations that are developing innovative solutions to social and economic challenges facing low-income communities. EIT Food is supported by the European Institute of Innovation and Technology (EIT)