Important advances have been made in food waste recycling and the circular economy. Many organizations are developing new technologies and innovative products that use food waste and food byproducts. This paper explores some of these greentech companies and social enterprises in Europe and discusses the regional implications of greentech with a specific focus on Southern Europe. Two examples from the region of Sicily (Italy) were studied. This research involved comparative and qualitative research methods, with semi-structured interviews. It includes an analysis of the regional implications for Sicily and a community impact analysis (CIA). The results show the current and potential regional implications, specifically focusing on the social, cultural, economic and environmental impacts that they have. Furthermore, the results show the pecuniary and non-pecuniary impacts on the local community for the short, medium and long term. This research represents a starting point for future research and highlights the value of investment in greentech.