Announcing the 11 AgriFoodTech startup finalists competing for the USD 100,000 Future Food Asia Award 2020
For its fourth edition, ID Capital innovates with a new format for its annual conference, the Future Food Asia Collective Edition
Singapore, July 22, 2020
In spite of the major disruptions recently faced by agrifood industry, such hardships have nevertheless given way to perseverance, and have shed light on the imperative need for innovative agrifoodtech solutions within the APAC region. As part of the continued efforts to celebrate innovation in the region, Future Food Asia 2020 (FFA) is now set to take place on 21-25 September 2020. The conference will allow all 11 finalists to present their innovation in front of investors, industry leaders and domain experts, and one them will be awarded the US$ 100,000 Future Food Asia Award. The 11 finalist startups are: AgNext (India), Agrisea (United States), Aqua Development (South Korea), Crowde (Indonesia), Flurosat (Australia), Fyto Foods (Singapore), Marine Innovation (South Korea), ProAgni (Australia), Soos (Israel), Tartansense (India) and TerraQuanta (China).
This year’s Future Food Asia Award jury for the selection of the finalists and winner consists of Gérard Jacquin, former Director of Partnerships, Transfer and Innovation at INRA, Europe’s leading agricultural research institute; Dr. Ralph Graichen, Senior Director of Food & Consumer Cluster at Agency for Science, Technology and Research’s (A*STAR) Biomedical Research Council; Peter Huang, President of Greater China, Corteva Agriscience; and Isabelle Decitre, Founder and CEO of ID Capital.
The deadline for this year’s start-up application was extended in acknowledgement of many start-ups who voiced their desire to take part in the competition despite operational disruptions resulting from COVID-19. In total, this year saw a 45% rise in total applicants, with India, China, Australia, South Korea and Singapore being the top 5 contributors. Alongside the US$ 100,000 grand prize, Future Food Asia 2020 will further empower innovative solutions in the region by featuring two additional awards presented by this year’s partners. Bühler and Givaudan’s Plant Protein Award will provide one plant protein start-up from the APAC region access to their recently announced joint innovation centre in Singapore along with technological support. Corteva Agriscience’s Food Resilience Award will support market expansion trials to a start-up that empowers workers along the food supply chain and achieves food security through technological disruption.
Future Food Asia’s fourth edition will return this September with a brand-new format in line with the platform’s motto of continuous innovation. This year’s ‘collective edition’ is the product of FFA’s continued efforts to encourage collaborations, and will provide a platform for conversations to take place simultaneously in multiple locations. There will be various satellite locations where local groups will convene to amplify discussions across multiple cities around the world. Over the course of 5 days, attendees will be provided with virtual networking opportunities and be able to visit exhibitors’ virtual booths. Registrations for the event is now open at: https://futurefoodasia.com/ffa2020/
“The current state of our world has cast light on the prominent role of agriculture and food innovation, and stakes in the Asia-Pacific are higher than ever. With this first Collective Edition of Future Food Asia, we are glad to broaden the reach of regional Agripreneurs and influence an even wider community of stakeholders,” said Isabelle Decitre, CEO and Founder of ID Capital.
Future Food Asia 2020 has been made possible by continued support from our partners: Agency for Science, Technology and Research (A*STAR), Singapore’s lead public research agency, Corteva AgriscienceTM, a global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry, Bühler Group, the leading global technology supplier to the food processing and advanced material manufacturing industry, Givaudan, the leading global flavours company, Dole Asia Holdings Pte Ltd., one of the world’s largest producers and marketers of high-quality packaged and fresh fruit, ADB Ventures, an Asian Development Bank (ADB) program supporting entrepreneurs to scale technology companies for sustainable impact in Asia and the Pacific, and The Singapore Economic Development Board (EDB), the lead government agency responsible for strategies that enhance Singapore’s position as a global centre for business, innovation and talent.
Overview of the Future Food Asia 2020 Finalists
AgNext (India) | https://agnext.com/
AgNext, provides a technology platform (“Qualix”) for rapid commodity assessment solutions across procurement, trade, production and consumption of food and agriculture value chains. Using state of art technologies, we have created the right singular platform, through which quality for multiple commodities could be assessed in a minute, enabling agribusinesses to leapfrog their procurement and operations processes, optimise costs, provide traceability, sharpen and smoothen blockchains and most importantly produce excellent products of highest quality.
Agrisea (United States) | https://www.agrisea.co.uk/
Agrisea was built to solve world hunger by evolving sustainable food systems through ocean agriculture. We have developed a way to grow crops in high salt conditions such as salt soils or coastal ocean waters. We are Agrisea, the Ocean Agriculture company.
Aqua Development (South Korea) | https://www.aqua-development.com/
Aqua Development (AD) leveraged decades of research in aquaculture and marine biology to develop and successfully implement and test its nature inspired aquaculture system KAMI SYS, which achieves 10 times higher productivity, ZERO antibiotics and chemicals, ZERO water exchange, very competitive production costs and modular system fit for urban farming.
Crowde (Indonesia) | https://www.crowde.co/
Crowde is an agriculture-focused fintech startup that empowers farmers across Indonesia with technology and capital by creating a farmer-friendly financing ecosystem that puts in touch investors with farmers that are looking for capital to grow business, create employment, and support local communities.
Flurosat (Australia) | https://flurosat.com/
FluroSat is a full crop cycle analytics provider that delivers proactive reports and alerts on crop performance, stress, nutrient requirements, and sustainable management practices to crop advisors and agronomists in 14 countries. Its analytics engine, FluroSenseTM monitors over 7 million acres of arable land supporting leading agribusinesses in delivering precision agriculture programs and decision support to their growers.
Fyto Foods (Singapore)
Fyto Foods’ plant-based meats resemble uncut real meats and when sliced or diced, would look, cook and taste like real meats with real nutrition! Cooks have unprecedented freedom to cook our meats with hotpot, stews, stir-fry, frying and grilling, allowing for Asian-style cooking and a wide range of international cuisines.
Marine Innovation (South Korea) | https://www.marineinv.com/
With the right idea for people and nature, what about changing our ways of lives and introducing seaweed-based products into the environment? We go green and replace the plastics with our innovative technology. We’re an environmental initiative to go green. Seaweed-based products will be the answer to the plastic crisis!
ProAgni (Australia) | https://proagni.com/
ProAgni is a revenue producing Australian Ag Bioscience company. We develop and commercialise animal nutrition products which improve farm economics and address global challenges, such as food security, antimicrobial resistance, and emissions. We are the future of affordable, abundant & clean food.
Soos (Israel) | http://www.soos.org.il/
Every year, the egg-industry exterminates 7.5 billion male-chicks since they have no commercial use. Soos develops an incubation platform to eliminate this practice and produce more female layers with the same resources. Our solution uses sound waves to transform male embryos into egg-laying females, thereby increasing production capacity in commercial hatcheries.
TartanSense (India) | http://www.tartansense.com/
TartanSense addresses the problem of weed management for cotton farmers in India through its flagship technology, ‘Brijbot’. Brijbot is an AI-driven 250kg robot that semi-autonomously travels through cotton fields, sees and sprays weedicide/herbicide with 98% precision, effectively killing weeds and substantially improving yield. With TartanSense, cotton farmers benefit from using 75% less chemical in their fields and do not need to worry anymore about sourcing manual labour for weed removal.
TerraQuanta (China) | https://www.terraqt.com/
TerraQuanta focuses on large-scale application of satellite remote sensing imagery and AI-based data processing technologies. We put our emphasis on the automation of algorithm development and imagery processing, and provide insightful data service to fields such as agriculture, forestry, as well as environment protection.
About ID Capital
ID Capital is an investment company headquartered in Singapore specialized in the domain of AgriTech and FoodTech in the Asia-Pacific region. ID Capital is a pioneer in the agrifood sector in Asia-Pacific and has contributed effort and capital in also catalyzing the ecosystem in the region through its Future Food Asia platform launched in 2016. Its thesis is built on the fact that in this growing vertical, Asia-Pacific is the nexus between high growth and high stakes. ID Capital is also an Appointed Partner for start-up SG Equity for the AgriFoodTech sector.
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