Monday, October 16, 2017

Shake Shack CEO Offers Millions for New Tech Ideas

Burger joint first to automate fast food is hungry for more


Food Business start-ups searching for cash should stop at Shake Shack


Have an idea for a new business or food technology or are already a start-up building something unique? Shake Shack CEO is ready to dole out Benji's like a plate of hour old fries. It looks like the New York fast food chain has enjoyed its foray into robotics and A.I. so much that it has set aside a whopper fund of $230 million for the next big thing in the restaurant business and food technology.

It has already invested in Salt & Straw, a Portland gourmet Ice Cream shop that delivers worldwide and Joe Coffee, a New York coffee shop with an eye for quality and a nod to organic sourcing. It says it is interested in investing in trending new restaurants, as well as transformative technology. From CNBC

 

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