"I alone cannot change
the world, but I can cast a stone across the waters to create many ripples."

Mother Teresa

“Be the change that you wish to see in the world.”

Mahatma Gandhi

“The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking.”

Albert Einstein

By 2030,
every second
66 tonnes of food
will be
thrown away…

Source: BCG

Food Tech

Social Impact & Challenges

  • Roughly one third of the food produced in the world for human consumption every year — approximately 1.3 billion tonnes — gets lost or wasted amounting to $1 trillion.
  • Business Consulting Group estimates that by 2030 annual food loss and waste will rise to 2.1 billion tons at a cost $1.5 trillion.
  • The global carbon footprint of food wastage — excluding land use change — has been estimated at 3.3 G-tonnes of CO2 equivalent.
  • If the food which is produced annually, but not eaten, were a country, it would rank number three in the world for greenhouse gas emissions, behind the USA and China.

The United Nations set a target under Sustainable Development Goal 12 — responsible consumption and production – to reduce by half “the per capita global food waste at the retail and consumer levels and reduce food losses along production and supply chains, including post-harvest losses”. Digital technology has the power to fundamentally reduce food waste.

Food and energy waste is negatively affecting the global economic balance. Rich or poor, all countries buy food from the same global market. So when rich countries buy hundreds of millions of tonnes of food, they are shrinking global goods availability, which may be used by poorer countries. This results in an increase in prices, because the more scarce something is, the more expensive it becomes.

Furthermore, food waste also has major environmental impacts. According to a University of Oxford Study, the global food system, from fertilizer manufacturing to food storage and packaging, is responsible for a quarter of all human-caused greenhouse-gas emissions contributing to global warming. More than half of these emissions come from animal products.

Opportunities

The Food Tech market has an enormous potential both for startups and investors often motivated by the urgent need to create sustainable food options. A dollar invested in hunger prevention could return between $15 and $139 in benefits. It should be no surprise that only the meat substitutes market was worth an estimated $4.63 billion in 2018 and could reach $6.43 billion by 2023, according to research firm MarketsandMarkets.

What we are looking for?

We are looking for solutions to alleviate world hunger and protect the environment. To solve the global problem we need to improve the whole food value chain – commencing with harvest efficiency,  post-harvest storage, and further developing packaging technologies. We also have to focus on innovations in  transportation, production, retail, food planning for services, and legislation. And we have to remember about being respectful to the natural environment throughout.

However, first and foremost, we have to realize that we are the source of change. Together, we can do more than we think. And we need to start  with our diet.  We strongly believe that cooperation of human will and software technologies (AI, blockchain, image & speech recognition technologies), hardware (robotics, drones, 3D printing) and deep tech solutions (genomics, nanotechnology) can help solve one of the biggest problems facing society today.

ikona_dol

Roughly one-third
of the food produced
in the world for human consumption every year – approximately 1.3 billion tonnes – gets lost or wasted.

Source: FAO

Agro Tech

Social Impact & Challenges

  • The global population is still increasing and is projected to reach about 10 billion in 2050 and more than 11 billion in 2100. It took over 200,000 years of human history for the world’s population to reach 1 billion and only 200 years more to reach 7 billion.
  • Food demand is expected to increase anywhere between 59% to 98% by 2050.
  • The extreme summer weather has a clear impact on agriculture. In many regions expected planting of crops is at its lowest total in over two decades.

Food spoilage, labor shortages, and soil health. Lack of access to data on seed pricing, yield information, and commodity forecasting. We are faced with ever increasing challenges to the global food supply.

In recent years, with global warming and depleting water resources, yields from farming lands in many places on Earth have been dwindling. Furthermore, consumers are uncertain about the origin and safety of the food they eat, and the industry struggles with food recalls, fraud, and adulteration. There is also a huge issue relating to access to quality production and supply chain infrastructure. Many times this implies that  farmers are  not able to get a fair price for their produce.

Opportunities

Investment in agriculture in most developing countries has declined over the last 30 years and much less is spent on R&D compared to developed countries—resulting in low productivity and stagnant production.

 What we are looking for?

Given the rising population, falling productivity and incomes there is a pressing need to boost agricultural productivity. We are looking for new solutions to help growers make important resource allocation decisions, transform supply chains, develop new food items, find better ways to grow crops without the need for poisonous chemicals and to convert barren land to fertile farmland.

ikona_dol

Every year, consumers in rich countries waste almost as much food (222 million tonnes) as the entire net food production of sub-Saharan Africa (230 million tonnes).

Source: FAO

Well Being

Social Impact & Challenges

  • By 2020, the number of people aged 60 years and older will outnumber children younger than 5 years.
  • By 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015.
  • Today, 125 million people are aged 80 years or older. By 2050, 80% of all older people will live in low- and middle-income countries.

People are living longer.  Most can expect to live into their sixties and beyond and the pace of population aging is much faster than in the past.

In this respect, countries around the world, are facing familiar issues. A major challenge is to ensure that health and social systems are ready to make the most of this demographic shift. France had almost 150 years to adapt to a change from 10% to 20% in the proportion of the population that was older than 60 years. Brazil, China, and India will have slightly more than 20 years to make the same adaptation.

Opportunities

A new market for startups and investors has emerged. The Global Wellness Institute (GWI) says that the wellness market is now valued at a whopping $4.2 trillion. Users are turning to technology to supplement their diet,  develop their mind, aid their fitness, their sleep, their reproductive health, improve the design of their environment and much more.

What we are looking for?

We are looking for solutions that can help to take control of our lives in a more affordable way. Technologies which intersect with our wellness – to aid in monitoring, promoting, augmenting and managing our well-being.

ikona_dol

Global quantitative food losses and waste per year are roughly 30% for cereals, 40-50% for root crops, fruits and vegetables, 20% for oil seeds, meat and dairy plus 35% for fish.

Source: FAO

Nutrition

Challenges

  • One in nine people on Earth (more than 820 million people) do not have enough food to lead a healthy life.
  • 3 billion people, have experienced food insecurity at moderate levels, meaning they did not have regular access to nutritious and sufficient food.
  • The combination of moderate and severe levels of food insecurity affects 26.4 percent of the world population, or about 2 billion people.

The number of people suffering from hunger has been growing since the mid-1990s. Well into the 21st-century hunger is still the world’s biggest health problem.

Poor nutrition causes nearly half (45%) of deaths in children under five — 3.1 million children each year. One out of six children – roughly 100 million – in developing countries is underweight. One in four of the world’s children is stunted. In developing countries, the proportion can rise to one in three.

Out of all the crops that American farmers produce, humans only use a mere 27% for their food. Of that 27%, 40% it is thrown out. If Americans reduced their food waste by only 15%, there would be enough food saved to feed an additional 25 million people.

Opportunities

New research, conducted by Champions 12.3, finds that companies saved $14 for every $1 invested in reducing food waste. Restaurants alone that invest in food waste reduction are, over a three-year timeframe, seeing $7 in savings for every $1 spent.

What we are looking for

We are looking for solutions  to optimize the food supply chain- better matching demand of consumers with sources. In developing countries, food waste and losses occur mostly at the early stages of the food value chain. In medium- and high-income countries food is wasted and lost mostly at the later stages of the supply chain. Strengthening supply chain through the direct support of farmers and investments in infrastructure, transportation, as well as in an expansion of the food and packaging industry could help to reduce the amount of food loss and waste.

ikona_dol

Contact