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Blue Apron Stock Falls Below $1, Legalizing Marijuana a NY Priority + More

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Source: Blue Apron

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

On Monday, New York Governor Andrew Cuomo stated he supported marijuana legislation and will make it a legislative priority in 2019. In addition to recent news of hemp legalization in the Farm Bill, food & beverage companies are gearing up for the CBD and cannabis boom. AB InBev just announced a $100 million research fund for cannabis drinks in Canada with Tilray.

In retail news, Blue Apron’s stocks have dropped to a record low at less than $1 per share, representing a 90% drop since the company’s IPO. Kroger has become the world’s first retailer to launch autonomous delivery as it moves into its next pilot phase with Nuro.

Plant-based and cultured meat are poised for a turning point in 2019. Sales reportedly exceeded $760 million in the last year. The global supplement industry has reached $128 billion, with the United States in the lead. And finally, Chew Innovation has pulled out of its plans to take over Pilotworks and launch the Nursery, leaving hopeful entrepreneurs without a home for the holidays.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

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1. New York Gov. Andrew Cuomo Just Made Marijuana Legalization a Top Priority – Vox

Cuomo named marijuana legalization as one of his priorities in the first 100 days of 2019.

 

2. Blue Apron Stock Drops Below $1. Could an Acquisition Be Next?Food Dive

The stock has dropped more than 74% since July and has lost 90% of its original value since the company went public last year.

 

3. USDA Moves To Tighten Restrictions on Food StampsUSA Today

The newly proposed rule would restrict the ability of states to exempt work-eligible adults from having to obtain steady employment to receive food stamps.

 

4. After Pilotworks’ Reopening Fails, Brooklyn’s Small Food Businesses Won’t Be Home for the HolidaysEdible Brooklyn

A new food incubator called Nursery announced it would open quickly and invite members back, but the plan fell through.

 

5. Global Supplement Industry Reaches $128BNew Hope Network

The US supplement market represents the largest country, but it has slowly been losing market share to China.

 

6. 2019 Could Be a Turning Point for Plant-Based and Cultured MeatsForbes

Sales grew over 23% in the last year, exceeding $760m. In 2019, look for plant-based and cultured meat companies to navigate new partnerships, new markets and an evolving regulatory landscape.

 

7. The Hatchery, a $34M Food & Beverage Incubator, Opens in East Garfield ParkChicago Sun Times

The 67k sf facility is a partnership between Accion and the Industrial Council of Nearwest Chicago. Celebrity chef Rick Bayless will offer a training program for aspiring chefs.

 

8. Kroger’s Driverless Delivery Pilot Enters Next PhaseGrocery Dive

The retailer and its technology partner, Nuro, have made more than a thousand grocery deliveries since June. The vehicle will now handle deliveries autonomously going forward.

 

9. Canada: AB InBev and Tilray Invest $100M to Study Cannabis-Based DrinksFood Dive

The partnership, which combines AB InBev’s beverage insight with Tilray’s expertise in cannabis, will be limited to Canada. Each company will invest $50m in the venture.

 

10. Novamex Acquires Tio Gazpacho, Accelerating Distribution and AvailabilityFood Navigator

Financial terms were undisclosed. The beverage importer and marketer has a focus on tapping into the Mexican-American consumer audience.

 

11. UK: Unilever Buys Meat-Free Food Company the Vegetarian ButcherThe Guardian

Acquisition of Dutch brand highlights Unilever’s scramble to tap into meat substitutes market. Financial terms were undisclosed.

 

12. India: Food Delivery Startup Swiggy Raises $1B More from Naspers, Tencent and OthersTechCrunch

The company plans to use the capital for hiring machine learning and engineering talent, and further its AI technology to improve matching and discovery inside its service.

 

13. Omnivore Technologies Raises $10M in Series A FundingFinsmes

The round was led by Coca-Cola and Performance Food Group. The company plans to use the funds to accelerate development and growth of products that minimize friction for restaurant brands, third-party technologies and POS companies.

 

14. Middle East: Careem Launches Delivery Service, Expects to Close Funding Round SoonReuters

The company is planning to raise a total of $500m. It launched a delivery service covering everything from takeaway food to pharmaceuticals. Careem plans to spend $150m developing the delivery business, starting with services in Dubai and Jeddah.

 

15. Crew, a Workplace and Slack Messaging Rival for Shift Workers, Raises $35M, Adds Enterprise VisionTechCrunch

Funding came from DAG Ventures, Tenaya Capital and previous backers. The company just launched Crew Enterprise, which helps businesses better manage messaging across large groups of these workers.

 

16. Trump Offering Farmers Extra $4.9B in Trade ReliefPolitico

The second batch of payments is Trump’s latest effort to stem the pain inflicted on US agricultural producers by his trade feuds. Commodity groups are still concerned it is not nearly enough to offset the damage from retaliatory duties.

 

17. Chef-Focused Media Company Buys Leading Pop-Up Platform Feastly – Eater

ChefsFeed has purchased leading pop-up dining platform, Feastly. Terms of the deal were undisclosed.

 

18. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Blue Apron Stock Falls Below $1, Legalizing Marijuana a NY Priority + More appeared first on Food+Tech Connect.


USDA Releases GMO Label, Coca-Cola Invests $15M in Dirty Lemon Parent Co + More

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Source: USDA

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The USDA has released its long-awaited GMO labeling standards. The BE labels help regulate food marketing, not food safety or limiting technology. Coca-Cola’s Venturing and Emerging Brands (VEB) unit has led a $15 million investment in Iris Nova, the parent company of Dirty Lemon. Hippeas has closed an $8 million round as it prepares for nationwide expansion in Whole Foods and later convenient stores. Sir Kensington has ventured into spices, launching its first DTC platform.

After Blue Apron shares dropped below $1, the company’s latest comeback efforts relies on the dieters of WW, formerly Weight Watchers, to help its bottom line. US pharmaceutical company Merck has acquired digital livestock and animal health company Antelliq for $2.37 billion.

And to wrap up the year in innovation news, check out Eater’s compilation of Food Trends for 2019 and Biggest Food Technology Advances of 2018.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

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1. Coca-Cola Leads $15M Investment in Dirty Lemon Parent Co. Iris NovaBevNet

Along with its own brands, Iris Nova has allocated $1m to invest in other beverage brands this year. Dirty Lemon plans to open new retail stores in Manhattan, Chicago and Miami.

 

2. Merck Acquires Digital Livestock Tech Antelliq for $2.4B in Biggest Agtech Acquisition on RecordAgFunder

The move highlights the pharmaceutical company’s commitment to the animal health business.

 

3. Amsterdam: Takeaway Buys Delivery Hero’s German Division for $1BSkift Table

Takeaway’s orders will double to 47m, with expected cost synergies to exceed 60m euros by 2020.

 

4. Blue Apron Links With Dieters in Comeback EffortWall Street Journal

After shares fell below $1, the company entered a partnership with WW Inc, formerly known as Weight Watchers, giving it access to millions of customers interested in healthy eating.

 

5. Hippeas Closes $8M Round, Expects to Hit Profitability in 2019Nosh

Venture group CAVU led the round. In January, the line will enter Whole Foods nationwide and later enter the convenience channel with a test in 7-Eleven.

 

6. Sir Kensington’s Launches Spice Line, Tests D2C SalesNosh

The spice kits are sold through a microsite, where the company will release a different set each month.

 

7. Here’s a First Look at the Label That Must Appear on All GMO Foods by 2022 – New Food Economy

The “bioengineered” label will soon be a familiar sight, but the government’s criteria for foods that can evade the label are already causing confusion and controversy.

 

8. Merck Acquires Digital Livestock Tech Antelliq for $2.4B in Biggest Agtech Acquisition on RecordAgFunder

The move highlights the pharmaceutical company’s commitment to the animal health business.

 

9. Was 2018 the Year of the Influential Sustainable Consumer?Nielsen

Americans spent $128.5m on sustainable fast-moving consumer goods — a 20% growth in product sales.

 

10. The Biggest Food Technology Advances of 2018Eater

Automated delivery vehicles, robot cooks and servers, and new ways to experience flavor and meet daily nutritional standards will soon be the status quo.

 

11. Literally Every Single Food Trend Predicted to Take Over 2019Eater

A compendium of every prediction about food, restaurants and dining culture for 2019.

 

12. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post USDA Releases GMO Label, Coca-Cola Invests $15M in Dirty Lemon Parent Co + More appeared first on Food+Tech Connect.

Why & How Square Roots Launched Its Transparency Timeline

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Square Roots Transparency Timeline via Square Roots

 

Food you can trust.

We can all remember the Thanksgiving romaine lettuce recall. It put millions of consumers at major risk of foodborne illnesses. The situation was compounded by opaque supply chains in the Industrial Food System, making it ridiculously difficult to accurately trace the source of guilty pathogens. To their credit, the big lettuce producers did eventually react, and agreed to start labeling their products with a mark of the state in which their products are grown. But that’s not enough. Consumers want food they can trust.

It’s common today to see companies telling consumers “you can trust our food.” That never sits comfortably with us. “Trust us” can’t be an instruction. Trust has to be gained. And one way for a food brand to start gaining trust is by being transparent, by opening up data, and by giving consumers all the facts. When it comes to produce, for example, what people want to know is: where and how was my food grown, who grew it, and when? With that data, people can make their own informed choices about whether to trust the food and whether to buy it.

We have that data at Square Roots. After the romaine recall, we realized we should make it available to our customers.

Sharing insights and learnings.

In the spirit of sharing insights and learnings that are hopefully helpful to others in the Food+Tech Connect community, this post shines a light on how we made this data accessible to customers, and also covers some of the technology decisions we made along the way.

For those not familiar with Square Roots, we are an indoor urban farming company headquartered in Brooklyn, NYC. We grow a range of herbs – like basil, mint and chives – and distribute them directly to retail stores across the city within a day of harvest. At the heart of Square Roots is our Next Gen Farmer Training Program, which provides a launchpad for young people to enter the farming industry. Meanwhile, our farms are constructed inside refurbished shipping containers, each with its own programmable climate—meaning we grow food all year round, with zero pesticides.

To help us train young farmers, we’ve developed our own software layer, which we call The Farmer Toolbelt, that provides instructions and insights to help the farmers with their day-to-day activities. Our farmers access The Toolbelt via tablets in the farms—and the software might tell them, for example, what tasks need completing in the farms that day, based on models we’ve built to optimize the growing cycle of certain crops. The Toolbelt is also used to capture data at every step of the process—such as who completed what task, when, how long it took, and more. As a result, we’re able to trace a direct line from every seed we sow to every package we sell. All that data is then analyzed against factors such as the quantitative impact on eventual yield, and the qualitative impact on taste, which helps us develop even more effective growing models over time.

Nate Burt on our engineering team was hacking on the Toolbelt’s backend data over Thanksgiving when the romaine recall happened. He saw the furor unfold as consumers got scared and millions of dollars of perfectly good produce got pulled from the shelves—all because no-one could swiftly trace the source of the issue.

Nate immediately understood that we could open up elements of our data set, expose it to consumers, and show a complete timeline—tracing where and how the food is grown, and who grows it. He built V1 of what we now call “The Transparency Timeline” that weekend, and showed us all when we came back in the office post-Turkey coma.     

Transparency Timeline QR Codes via Square Roots

To blockchain or not to blockchain?

When you hear the words “transparency” and “traceability” in food-tech circles, people often jump to the conclusion that blockchain is the right solution. We certainly had to think that through when assessing the viability of Nate’s V1.

We’ve been tracking this technology closely for a while. Inspired by Mike Lee, I’d written about its uses for food traceability on my personal blog last year. But our feeling is that “blockchain for basil” isn’t quite ready for primetime yet. Initial implementations from Big Food companies have been heavily buzzword-compliant but are distinctly underwhelming in terms of the useful information they provide.

There’s another irony with the blockchain buzz. Architecturally, it could be a neat solution to provide traceable information about industrially-produced food—which can travel for weeks to get to the consumer while passing through multiple vendors performing multiple processing steps along the way. But, increasingly, consumers are turning towards local real food, precisely because there are fewer steps in the supply chain and they trust it more. It’s almost like blockchain is a new solution for the old food system that consumers are moving away from.

At Square Roots, for example, all our products are sold at retail stores within four miles of our farm, and we own every step from seed to shelf; there are no third parties or handoffs along the way. As we scale, we will keep building local farms in the same neighborhood as the consumers — so we can always own the supply chain end to end.

Even though we’re optimistic about the long term vision for the wider food industry, the reality is that we, like many local farmers, don’t need to utilize blockchain architecture to give the consumer what they want today—total transparency, without the need for buzzwords. Even the blockchain vendors recognize that.

Going from internal demo to full product.

On December 1, we made the decision to take Nate’s V1 and turn it into a real product. The functionality would be simple, but really powerful. Every package we sold would have a QR code on it. The QR code would be associated with the data set for that particular package, as captured in The Farmer Toolbelt. Consumers would scan the code with their phone, and a mobile web page would pop up showing a complete timeline of where and how your food was grown, and who grew it.

QR codes are commonplace for consumers in Japan and China, but have been slow to take off in the US. However, now that Apple has integrated a QR code reader right into the native camera app on the iPhone (you simply need to point your camera app at the code and it gets read instantaneously), adoption is increasing here. In the retail setting, it’s easy for consumers to take out their phone, scan the code, and quickly learn more about the food they might buy. However, to make the Transparency Timeline feature available to everyone—even non-adopters—we also built a page on the Square Roots website where customers can manually type in the lot number found on the package and see the same information.     

Our systems also track what happens to every clam shell as it get packaged, leaves the farm, and heads to the store. So we are able to show the complete story of the food from seed-to-shelf.

We launched the Transparency Timeline on December 19.

That sounds fast, but remember that we haven’t had to invent new business processes or technologies to make this happen — we’re just exposing the data we already capture in the Farmer Toolbelt as part of our everyday operations.  

Launching, of course, didn’t just mean designing the UI and building the backend app. We had to change our labels to make sure every package now had a QR code. And we trained our farmers to explain things to our customers and retail partners. We’ve only got 17 full time staff at the company, so the initiative probably touched everyone at some point during the 3 week sprint to pull it together.

But it’s been totally worthwhile. It’s a whole new level of transparency. It’s all about consumers getting the information they need to make their own informed decisions about food they can trust.

 

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Tobias Peggs, CEO and co-founder at Square Roots

Tobias is cofounder and CEO at Square Roots – the urban farming company, headquartered in Brooklyn, NYC. He was previously CEO at Aviary, a mobile photo editing company (acquired by Adobe); and CEO at OneRiot, a social media analytics company (acquired by Walmart). Tobias has a PhD in Artificial Intelligence from Cardiff University in his native UK. He is a Techstars mentor, competitive triathlete, snowboarder, and eats far too much ramen.

The post Why & How Square Roots Launched Its Transparency Timeline appeared first on Food+Tech Connect.

Nestle’s $1B Vegan Push, Carl’s Jr. Launches Beyond Meat + More

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Source: Nestle

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Nestle is gearing up for its biggest push yet into the booming vegan market: the Incredible Burger. The Swiss giant sees its vegan business reaching $1 billion within 10 years.

In restaurant news, Beyond Meat has made its biggest restaurant partnership yet, with an expansion into 1,100 Carl’s Jr. restaurants across the US. In South Korea, the Woowa Bros have landed a $320 million investment to drive expansion overseas and further develop its autonomous robots.

And finally, Amazon plans to add more Whole Foods stores to put more customers within range of its two-hour delivery service.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Nestle Plans Vegan Push With No-Meat Burger, Purple Walnut MilkBloomberg

Seeking millennial cred with alternative proteins, the Swiss giant sees its vegan business reaching $1b within 10 years.

 

2. Carl’s Jr. Launches Plant-Based Burger in 1.1K RestaurantsNation’s Restaurant News

The chain is now Beyond Meat’s largest US restaurant partner.

 

3. Why & How Square Roots Launched Its Transparency Timeline

Inspired by the romaine lettuce recall, Square Roots offers a deep into how its making its data accessible to customers through its transparency timeline.

 

4. South Korean Food Delivery Startup Woowa Bros Lands $320M InvestmentReuters

Hillhouse Capital, Sequoia Capital and GIC led the investment. The capital will help drive expansion to overseas markets and the development of autonomous robots.

 

5. Amazon Plans to Add Whole Foods StoresWall Street Journal

The push would bring Whole Foods to more suburbs and put more customers within range of Amazon’s two-hour delivery service.

 

6. Canadian eGrocer SPUD Raises $8.2M Pre-IPO Funding for Food-X Urban DeliveryAgFunder

Financing was led by CIC Capital Ventures and joined by existing investors including Walter Capital Partners. The funds will be used to advance Food-X Urban Delivery.

 

7. American Chain Restaurants Had a Tough Year and 2019 Looks WorseBloomberg

Higher labor and food costs could weigh down profit this year. Demanding diners want delivery and customization as habits shift.

 

8. American Farmers Brace for More Pain As Pacific Trade Deal Kicks in without the USCNBC

US beef and wheat exports could especially feel the pain from this deal.

 

9. 119 Organizations Shaking Up the Food System in 2019 – Food Tank

Watch these 119 organizations making change in the food system.

 

10. Consumers Buy from Companies That Take a Stand – New Hope Network

Sixty-three percent of consumers globally prefer to buy goods and services from companies that stand for a shared purpose that reflects their personal values and beliefs, and are ditching those that don’t.

 

11. Grocers Could Lose Up to $700B to Alternative Channels by 2026 – Grocery Dive

As many as half of conventional grocery stores could meet their demise in the coming years as the industry continues to evolve.

 

12. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Nestle’s $1B Vegan Push, Carl’s Jr. Launches Beyond Meat + More appeared first on Food+Tech Connect.

Introducing Biodiversity: The Intersection of Taste & Sustainability

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The food industry has increasingly prioritized sustainability, as eaters care more about where and how our food is produced, as well as who produces it. There is even growing interest around soil health and the potential for agriculture to regenerate the health of the planet, not just sustain the status quo. There has been far less attention, however, to the diversity of what’s being grown.

About 75 percent of the world’s food comes from just 12 plants and 5 animal species. Almost half of our plant-derived calories come from just three foods: wheat, corn and rice. While estimates vary, it is believed that there are over 30,000 edible plants, and we only eat 150 of them. Thirty percent of livestock breeds are at risk of extinction, and six breeds are being lost each month.

This concentration around just a few food sources puts our food system at risk, as evidenced by the story of the Cavendish Banana and The Irish Potato Famine. It also robs eaters of awesome, nutrient dense foods and flavor experiences.

How did we get here? Historically, the food industry prioritized commoditization, mass yield, and uniformity over flavor, nutrition, and sustainability. As a result, we are losing plant and animal species at an alarming rate, while diet-related disease, obesity, and micronutrient deficiencies are on the rise.

Now, we as an industry have a chance and a responsibility to make things right.

The Future of Food is Biodiverse: Where Flavor and Sustainability Meet

Building a food industry that promotes agrobiodiversity – the variety and variability of plants, animals, microorganisms and biocultural systems linked to agriculture and food – makes our food system more sustainable and allows us to delight eaters with new and exciting foods from a diverse set of cultures.

As an industry, agrobiodiversity ensures supply chain resiliency and food security by safeguarding the genetic material needed to ensure crops can evolve in the face of pests and disease, climate change and extreme weather. A biodiverse food system also supports economic development, enables greater dietary diversity, which leads to better health, and helps preserve cultural traditions, techniques, and flavors.

45+ Industry Leaders Explore Biodiversity in Food

Intellectually, you might agree with our premise that the future of food is biodiverse, but what does it mean in practice?

To help us understand what a biodiverse food industry looks like, we’ve partnered with The Future Market to host an editorial series from January 7-31 inviting leading CEOs, executives, farmers, investors and researchers to share insight into their thoughts and strategies for supporting biodiversity in food. Check out our incredible list of contributors below and read all of the interviews here.

The Future Market at Fancy Food Show

The Future Market is producing a Biodiversity Exhibit at The Winter Fancy Food Show January 13-15. The exhibit offers a deep dive into biodiversity in food and explores what a more biodiverse grocery aisle might look like. It will feature 9 new concept products, 26 biodiverse crop spotlights, and a digital shopping experience filled with concept product ideas for the next 5-25 years. See content from the exhibit and learn more here. We hope to see you there!

 

Editorial Series Contributors:

Read all of the published interviews here.

 

 

 

The post Introducing Biodiversity: The Intersection of Taste & Sustainability appeared first on Food+Tech Connect.

Impossible Foods on How Meat is Causing Catastrophic Biodiversity Loss — And How to Stop It

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From January 7-31, Food+Tech Connect and The Future Market are hosting Biodiversity: The Intersection of Taste & Sustainability, an editorial series featuring interviews with over 45 leading food industry CEOs, executives, farmers, investors and researchers on the role of biodiversity in the food industry. See the full list of participants and read about why biodiversity in food is important here. We are also producing a biodiversity exhibit at The Winter Fancy Food Show, so please stop by to say hello.

Below, Impossible Foods CEO Dr. Patrick Brown talks with us about how global demand for animal proteins is devastating our planet and leading to catastrophic biodiversity loss. In our wide ranging interview, Brown discusses what’s a stake if we continue loosing biodiversity, Impossible’s strategy for curbing biodiversity loss – from its products to its ingredient supply chains and packaging – and how to get consumers to care about biodiversity. He also discusses specific resources for manufacturers and retailers interested in supporting biodiversity.

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Danielle Gould: Is biodiversity a priority for Impossible Foods? If so, how and why?

Pat Brown: Today we are in the late stages of a catastrophic meltdown in global biodiversity, unprecedented in human history, almost entirely driven by global demand for meat, fish and dairy foods. Impossible Foods was founded to halt and reverse this catastrophe and prevent collapse of the ecosystems that keep our planet habitable. The world has lost more than half of its wild mammals, fish and birds in the past generation alone. Loss of invertebrate biodiversity is staggering – bad news for food webs and nutrient recycling (which means bad news for humans). The cause, overwhelmingly, is the use of animals for food.

On land, biodiversity losses are overwhelmingly due to the loss and degradation of ecosystems and wildlife habitat due to animal agriculture, and secondarily the direct impact of hunting. Today, the biomass of domestic cattle alone exceeds the total biomass of all land vertebrates by more than a factor of 10.  

In rivers lakes and oceans, the losses are due to overexploitation, combined with agricultural runoff pollution and global warming – all of which are driven by the use of animals for food. Overfishing has resulted in the collapse of nearly all fished populations –total fish populations in the oceans are less than half, and in freshwater systems less than a third of their numbers a generation ago.   

The meltdown in biodiversity has happened slowly and without any high-drama events to capture public awareness or move governments or even NGOs to take urgently needed action. The good news is that the solution is clear – we need to massively decrease consumption of animal products.

Education is not going to solve the problem – just look at what the environmentalists at COP24 are eating.  Urging people to change their diets isn’t going to solve it – China asked its citizens to cut their meat and dairy consumption by half; result: the steady rise in consumption continued unabated.

Impossible Foods has a clear and simple mission: to completely replace the use of animals as a food technology, worldwide, by 2035. We recognize and accept that the demand for these foods isn’t going to go away, so to satisfy the continuing demand without the environmental destruction we are creating uncompromisingly delicious, nutritious and affordable meat, fish and dairy foods directly from plants, to compete head-to-head with today’s animal-derived versions. Our success depends entirely on our ability to outperform today’s animal-derived products in delivering what consumers want, with a tiny fraction of their environmental footprint. It’s a tall order, but we know it can be done. In fact, we’re doing it.

The logic is simple enough. Livestock is the overwhelmingly dominant driver of biodiversity losses. That’s not just due to habitat loss and deforestation to make space for pasture and soya – it’s also due to farmed animals’ contribution to climate change (leading to ocean acidification) and water pollution/fences/predator and competing wild species. Consumption of primary productivity.

The global ecosystem cannot accommodate the current livestock population, let alone tolerate an increase in production to satisfy the 2050 population. Consumers want beef, and they don’t want a an alternative that’s lower in quality, even if it is more wildlife-friendly. So, Impossible was founded. We intend to help address biodiversity loss by running a successful and mission-oriented business, developing products without compromise and technologies that can advance the industry as a whole.

DG: How does Impossible define and think about biodiversity?

PB: Protecting, preserving and restoring the diverse native ecosystems around the world, each with their own unique and diverse flora and fauna that in total create a robust biosphere that can support human life and make it worth living.

DG: What does an ideal biodiverse food system look like?

PB: Entirely plant-based, with a tiny fraction of the disastrous land, water, climate and biodiversity impact of today’s largely animal-based system.

DG: How do you measure biodiversity, and when will we know when we’ve arrived at a “good” level of biodiversity?

PB: Impossible defines biodiversity the same way most ecologists would, as the taxonomic, genetic and functional diversity of planetary life. It’s not just lions and tigers and bears (although we love those); from microbes, trees, grasses and bees to kelp forests, nudibranchs and blue whales, the robust and diverse ecosystems that are each sustained by their unique palette of biodiversity are the fundamental thing that keeps humans alive on this planet.

We think of biodiversity as a necessity relevant at all scales – to the individual, to our own business, and to the global ecosystem. Everyone who has eaten food, breathed clean air, or consumed clean water can thank the diverse array of microbes, insect pollinators, and carbon-storing forests for that.

In our own business context, we think about the biodiversity implications of products and markets. We launched our flagship product the Impossible Burger not just because burgers are iconic, but because cattle are the worst environmental offenders (largest food system drivers of climate change, forest loss, and water pollution) and the most inefficient source of calories and protein. Half of beef consumed in the US is consumed as ground beef – launching a ground beef made from plants meant that we could pull a really big lever.

Similarly, Impossible Foods entered the Hong Kong and Macau markets within two years of launch. The greatest growth in demand for cattle products is occurring in Asia, and the new agricultural land to feed that demand is coming from the tropical forests of Latin America. Those forests are the planet’s greatest reservoir of biodiversity, performing the ecosystem services that keep all of us alive. Meeting the consumption needs of emerging economies will be necessary to avert catastrophic losses of biodiversity across the globe, and in Asia, there’s this opportunity to leap-frog from a traditionally plant-based diet to one that does incorporate meat – it’s just from plants.

Impossible Foods also thinks about biodiversity in our own supply chain. We source paper packaging that has been Sustainable Forest or Forest Stewardship Council certified. We routinely connect with our coconut oil supply chain and researchers on the ground to understand production and ensure no contribution to deforestation. We do not use palm oil, despite desirable cooking characteristics, for the simple reason that we haven’t arrived at a cost-effective sourcing method that we feel confident does not contribute to deforestation or peatland burning.

DG: What is the business case for products that promote a more biodiverse food system?

PB: The business case for food manufacturers should be clear – without biodiversity and ecologically sound production, there is no future agricultural system (at least, not one that will last very long). Most food manufacturers recognize that biodiversity and climate are both key issues for long-term business resilience.

DG: What investments need to be made to create a more biodiverse food system?

PB: As food manufacturers, we don’t have the luxury of anything less than transformative solutions. Doing ‘less bad’ within one’s own supply chain is admirable, but limited in efficacy given the sheer scale of the biodiversity crisis. Products like the Impossible Burger provide consumers a viable alternative to an animal product that literally tramples wild landscapes and crowds out the wild flora and fauna. Despite rapid growth, we are just one small business. There needs to be broader industry investment in developing these consumer-facing solutions, whether that’s through plant-based replacements for livestock or novel ways of producing oils. More than 7 billion people can be mobilized to solve this, if you just put the right tools in their hands.

DG: What are the greatest challenges and opportunities your organization faces for creating a more biodiverse system, and what are you doing to overcome or capture them?

PB: The need to scale our technology and the businesses it enables by orders of magnitude globally in the short window of time we have left to avert environmental catastrophe.

DG: Does your average consumer care about biodiversity today? Why should they care? How do you (or will you) get them to care?

The average consumer does care about biodiversity, even if they don’t necessarily think of it in those terms. Biodiversity loss is a big, abstract concept that can feel intractable. And in many cases, consumers don’t know that their food choices have an impact on biodiversity. It’s just not a well-socialized topic, even though  biodiversity provides the ecosystem services that give us food (pest control, pollination, soil stabilization) and regulate our climate (nutrient cycling, carbon sequestration).

The most important thing we can do to to support consumer awareness of biodiversity is to never make people feel bad about their choices. It’s not motivating, it’s not effective. Our product is a vehicle for change – we want to be inherently optimistic about that, and if we can help inform consumers along on the way, that’s great. Providing a better option is the most important thing we can do – and if we help consumers care about biodiversity, that’s a great bonus for consumer consciousness and hopefully brand loyalty.

Communications tactics and research activities help us connect consumers and stakeholders to the importance of biodiversity. We publish an annual Impact Report as a platform for us to go deep on the environmental motivations that might not make sense elsewhere in our brand presence. We directly engage with consumer questions, and we beat the drum for the conservation of biodiversity at events and in brand thought leadership opportunities. Our impact team produces open-source primary research and supports external academic research investigating livestock impacts on national and global biodiversity – we see it as a business imperative to fill in the gaps in the literature and guide strategic planning to optimize both mission outcomes and business growth.

We will never miss an opportunity to talk about the importance of biodiversity and to support it in our business decisions, but we don’t see education as our company’s primary role. Instead, we’re providing the consumers with a tool to conserve biodiversity simply by choosing Impossible instead of animal products. And right now, there’s just not a very good toolkit out there – so we intend to keep growing and bringing products to market, and we hope others will do the same. Consumers don’t have to care about our mission to support it by enjoying our products.

DG: What are some of the most important things food manufacturers can do to support biodiversity? Retailers? Other key parts of the food supply chain?

Eliminating animal products from the food system is far and away the best target for supporting biodiversity, so speaking from that lens, two things need to happen. First, there needs to be additional innovation and investment support for products that can support the idea of transformative impact. It’s not easy – replicating the sensory and nutritional experience of meat, fish and dairy – and requires a serious investment in R&D. Second, food manufacturers can commit to strategies that actually move the needle on preserving biodiversity. Replacing ground beef alone won’t spare the Amazon, although it will help. This is a sector-wide issue; the more companies that make complementary plant-based meat, dairy and fish, the better the outcome for wildlife.

Retailers can put those products on their shelves. They can recognize their responsibility and opportunity, and leverage their ability to place and promote the change-agent products that become available.

Finally, taking any kind of stance on biodiversity and then finding ways to tackle its loss requires a strong understanding of this very complex topic. Whether it is through hiring experts or through partnerships with organizations like World Resource Institute or the Nature Conservancy, manufacturers and retailers need to have the right information to make effective and responsible decisions.

Mature businesses in the food industry can opt into sectoral commitments, like the UN Sustainable Development Goals in order to track and measure progress using data-driven approaches. Of the SDGs, corporate commitments and goal-setting around biodiversity is underrepresented compared to other food system action areas like climate or freedom from hunger.

Finally, food starts with farmers, so manufacturers will likely be in a good place to invest in the beginning of their value chain. A biodiversity-friendly food system begins and ends with stewards on the ground, and a plant-based economy must place farmer livelihoods and food sovereignty at the top of the priority list.

DG: If we get to a perfectly biodiverse food system, how would that change the typical selection of products we see in a grocery store?

PB: A perfectly biodiverse food system might not exist. Resource use is pretty zero-sum, but there can be a happy medium that allows humans and nature to thrive together.  A more biodiversity-friendly retail shelf isn’t going to have animal products on it. Hopefully there would be more products sourced from agroecological farming methods. We might see new forms of labeling, auditing and certification bodies that support of verify biodiversity related farming claims.

The shelves would contain a greater array of plant-based products from a greater diversity of plant species and cultivars. Assuming there is success in removing the need for animals in our food system, there should be more ‘headroom’ for a more diverse agricultural system. More and different peas, lentils, beans, starches, oils – there’s so much potential to recoup the historic genetic and taxonomic diversity of our agricultural landscape.

DG: Are there certain products you would like to see more of in the food industry — either in foodservice or CPG — that would help promote a more biodiverse agricultural system?

PB: Loss of marine biodiversity, like terrestrial biodiversity, has been dramatic. Replacing marine products is a unique challenge, in that there is an amazingly broad array of those products; tuna alone can be found as cat food, canned for humans, or as blue-fin sashimi. Figuring that out – how to get consumers the right toolkit to orient away from mass marine harvest – has to be a challenge the industry tackles together.

DG: What is your vision for what a more biodiverse food system looks like in 10-15 years?

PB: We would hope to see a massive reduction in livestock (especially cattle) and fish exploitation, a broad adoption of agroecological methods of production, a greater diversity of crops and cropping systems, the rational matching of crop to geographic resources, and sustained food security. Hopefully, as a society, we can also figure out how to create an agile food system adaptive to climate change.

 

Read all of the interviews here and learn more about Biodiversity at The Future Market.

 

_____________________

 

Patrick Brown, CEO & Founder of Impossible Foods

Patrick O. Brown is CEO and founder of Impossible Foods, a company at the forefront of making nutritious, delicious meat and dairy products from plants to satisfy meat lovers and address the environmental impact of animal farming.

The idea for Impossible Foods came to Pat while he was on sabbatical from his position as an HHMI investigator and professor of biochemistry at the Stanford University School of Medicine. In reflecting on how he could use his training and experience to make the largest positive impact on the world, he realized there was a way to make delicious, affordable meat and dairy products, directly from plants – that would be better for the environment and for consumers. In 2011, Pat chose to devote himself full time to Impossible Foods.

After receiving his BA, MD and PhD (in Biochemistry) at the University of Chicago, Pat completed a residency in pediatrics at Chicago’s Children’s Memorial Hospital. As a fellow with Mike Bishop and Harold Varmus, he defined the mechanism by which HIV and other retroviruses incorporate their genes into the genomes of the cells they infect.

At Stanford, Pat and colleagues developed DNA microarrays – a new technology that made it possible to monitor the activity of all the genes in a genome – along with the first methods for analyzing, visualizing and interpreting global gene expression programs.

He pioneered the use of gene expression patterns to classify cancers and improve prediction of their clinical course. He has also been a leader in making scientific and medical research results freely available to scientists, physicians and the public. With Harold Varmus, then Director of the National Institutes of Health, and Berkeley professor Michael Eisen, he founded the Public Library of Science, a nonprofit scientific publisher that has transformed the publishing industry by making scientific and medical research results freely available to the public.

He is a member of the National Academy of Sciences and the Institute of Medicine and recipient of the American Cancer Society Medal of Honor. He is also the co-founder of Lyrical Foods, Inc., maker of Kite Hill artisanal nut-milk-based cheeses and yogurts.

The post Impossible Foods on How Meat is Causing Catastrophic Biodiversity Loss — And How to Stop It appeared first on Food+Tech Connect.

Impossible Burger 2.0, Big Dairy Floods School Lunches + More

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Impossible Foods 2.0 | Source: Impossible Foods

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors. We’ve also partnered with The Future Market, to launch Biodiversity: The Intersection of Taste and Sustainability, a digital and physical biodiversity exhibit debuting at The Winter Fancy Food Show in the What’s Next in Food room January 13-15, 2019.

In this week’s top news, Impossible Foods has launched a new formula of its ground beef that will now be sold in grocery stores. It’s now venturing into the development of steak.

A riveting piece on the USDA’s move away from Obama-era school nutrition standards reveals how Big Dairy will soon flood school lunches. In other words, more fat, sugar and salt. The ongoing government shutdown has left risks of food safety and undocumented hirings in its wake. The many ways it’s affecting how Americans eat can be found here.

And finally, read up on a recap of trends and innovations in AgTech and ResTech  in 2018, and what to expect in 2019.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Crop Trust, General Mills, Impossible Foods, Kuli Kuli, Row 7 and Sir Kensington’s,

 

2. The Future of Food Is Biodiverse

Biodiversity is crucial to the health of our food supply and it sits at the intersection of taste and sustainability. Biodiverse food is sustainable food.

 

3. We Tried the New Impossible BurgerFast Company

The meatless burger that bleeds has a new, even more convincing formula–and will soon be sold in supermarkets, not just restaurants. We took it for a spin in the kitchen.

 

4. Big Dairy Is About to Flood America’s School Lunches With MilkBloomberg

The Department of Agriculture is throwing out Obama-era school nutrition standards and tossing a lifeline to the dairy industry. It’s called more fat, sugar and salt.

 

5. A List of Food Tech Startups That Defined 2018 Trends and What to Expect in 2019AgFunder

From packaging innovations to information technology, a number of food tech innovations dominated the agricultural industry in 2018.

 

6. Food Inspections by the FDA Have Been Sharply Reduced, Alarming CriticsThe Washington Post

The agency, which oversees 80% of the food supply, has suspended all routine inspections of domestic food-processing facilities.

 

7. Police Close Sexual Assault Investigations of Mario BataliNew York Times

New York police are said to have closed cases involving three women’s reports that the celebrity chef attacked them in restaurants.

 

8. Walmart Taps Udelv for Latest Driverless Car Tests to Deliver GroceriesCNBC

The pilot will be taking place in Surprise, Arizona. The retailer has already worked with companies including Ford and Waymo to experiment with driverless cars.

 

9. Olo Gets an $18M Investment to Save Restaurants from Tablet HellThe Spoon

The investment was led by Tiger Global Investment. Its customers include big name brands like Denny’s, Which Wich, Five Guys, Jamba Juice and Chipotle.

 

10. GM’s Cruise Partners with DoorDash to Test Autonomous Food Delivery – The Verge

The pilot will commence in early 2019 in San Francisco.

 

11. The Future of the $13B Food Delivery Industry Rests on a Better ShelfFast Company

Most restaurants aren’t optimized to have their food picked up. Companies like Eatsa are rethinking their spaces to cope. Its newest product is a modular shelf dubbed the Spotlight Pickup System.

 

12. 2018 Recap: The Year in ResTech Innovations – PYMNTS

QSRs sought to provide their customers with digital alternatives to ordering at the counter in 2018.

 

13. Breadbot Is an Autonomous Bakery in a Box, Coming to a Grocery Store Near You – Digital Trends

The bread making machine creates up to 10 loaves of bread per hour from scratch and is destined for groceries and specialty shops.

 

14. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Impossible Burger 2.0, Big Dairy Floods School Lunches + More appeared first on Food+Tech Connect.

Whole Foods Shelves 365 Format, Oatly to Open New Jersey Plant + More

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The first 365 by Whole Foods store in Silver Lake | Source: Whole Foods Market

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

In retail news, Whole Foods has announced the end to its 365 format. The existing 12 stores will remain in business. Robomart announced that its self-driving vehicles will be used by Stop & Shop in the greater Boston area starting this spring. Giant grocery stores will replace robotic assistants at 172 of its stores. And finally, Postmates has raised $100 million ahead of its IPO.

In CPG news, Oatly is set to open a factory in New Jersey in late March or April to boost production by as much as 10 times. Laird Superfood, maker of plant-based creamers, has received $32 million in funding led by WeWork.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Crop Trust, General Mills, Impossible Foods, Kuli Kuli, Row 7 and Sir Kensington’s,

 

2. The Future of Food Is Biodiverse

Biodiversity is crucial to the health of our food supply and it sits at the intersection of taste and sustainability. Biodiverse food is sustainable food.

 

3. Amazon-Owned Whole Foods Scraps Smaller 365 Store Expansion – Yahoo

Whole Foods CEO John Mackey told employees the grocery chain will not open new Whole Foods 365 stores anymore. The existing 12 stores will remain in business.

 

4. Oat Milk Buzz Triggers a Factory Expansion and New Brands From Big Food – Bloomberg

Oatly is set to open a plant in New Jersey. Other companies are jumping on the oat milk bandwagon amid signs that consumers are switching from almond milk in their coffee, including Califia Farms, PepsiCo’s Quaker Oats and Danone’s Silk.

 

5. New Diet Guidelines to Benefit People and the Planet: More Greens for All, Less Meat for SomeNew York Times

The EAT-Lancet Commission on Food, Planet, Health brings together 30+ leading scientists to reach a scientific consensus that defines a healthy and sustainable diet.

 

6. Rethinking CPG

Join us to hear from some of the game-changing startups who are rethinking CPG at our January Food+Tech Meetup. Oatly, Sir Kensington’s and Four Sigmatic will do a deep dive into their business models, technology, challenges and lessons learned.

 

7. Forget Lab-Grown Meat and Blockchain. This Is the Future of FoodFood Business News

Mike Lee of Alpha Food Labs argues for a simpler solution — we need to create a more biodiverse food system to support a healthier planet and people.

 

8. A New $100M Investment Values Postmates at $1.85B Ahead of Its IPO – Recode

The investment includes participation from BlackRock, Tiger Global and other current shareholders. Postmates hopes to go public at the beginning of a wave of highly-touted tech offerings that is likely to include Uber.

 

9. Laird Superfood Seals $32M Funding Led by Tech Firm WeWork – Food Navigator

Funding will be used for product development and make small acquisitions of like-minded health food brands.

 

10. Robomart Drives Home a Deal with Stop & Shop for Mobile Commerce – The Spoon

Robomart announced that its self-driving mobile commerce vehicles will be used by Stop & Shop in the greater Boston area starting this spring. Vehicles will carry produce, meal kits and other convenience items directly to customer’s doors.

 

11. Giant Food Stores Will Replace Robotic Assistants at 172 Locations – The Washington Post

The robotic rollout is part of a plan by Giant’s parent company, Ahold Delhaize USA, to deploy about 500 robots to stores such as Giant, Martin’s and Stop & Shop.

 

12. Israeli Drone StartUp SeeTree Comes Out of Stealth with $15M Series A for Perm Crop Service – AgFunder

Hanaco Ventures led the round. SeeTree will use funding to further the development of its technology for citrus orchards.

 

13. France’s Sencrop Closes $10M Series A to Expand Agro-Weather Station Network – AgFunder

BpiFrance led the round. Funding will be used to accelerate Sencrop’s international development by expanding its network of weather stations, as well as its community of farmer users.

 

14. Pensa, AI-Enabled Drones Maker for Inventory Monitoring, Raises $5M – Xconomy

Signia Venture Partners led the funding, which will help Pensa do additional store trials.

 

15. Shake Shack Plans to Launch Food Trucks in February – Skift Table

Shake Shack’s food trucks are a smart play to boost company sales in the lucrative private events and catering space.

 

16. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Whole Foods Shelves 365 Format, Oatly to Open New Jersey Plant + More appeared first on Food+Tech Connect.


Munchery Shutters After Raising $125M, EU to Ban Plastic Cutlery by 2021 + More

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Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors.

In this week’s top news, on-demand food delivery service Munchery is shutting down its operations after raising a total of $125 million in VC funding.

Major initiatives to end single-use plastics are now in place. The EU announced plans to implement a ban in 2021, and U.S. waste recycling firm TerraCycle has brought Big Food companies on board a new project that will collect and reuse durable plastic. Nestle plans to eliminate all single-use plastics from its line by 2025.

Canada-based Canopy Growth has announced it will invest between $100 to $150 million in a production facility in New York to focus on hemp extraction and product manufacturing.

And finally, Canada’s food rules have been overhauled to shift away from food groups and toward how and when we eat.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Crop Trust, General Mills, Impossible Foods, Kuli Kuli, Row 7 and Sir Kensington’s,

 

3. After Raising $125M, Munchery Fails to Deliver – TechCrunch

In May 2018, the company laid off 30% of its workforce after shutting down its Seattle, Los Angeles and New York operations.

 

4. The End of Plastic Cutlery, Plates and Straws: EU Market Says Goodbye to Single-Use Plastic Products – Forbes

In 2021 European citizens will say goodbye to plastic cutlery, plastic plates and plastic straws among other products.

 

5. Canopy Growth Corporation to Invest Up to $150M in New York Production FacilityBrewbound

The company plans to establish large scale production capabilities focused on hemp extraction and product manufacturing.

 

6. Big Food, Consumer Goods Firms Join TerraCycle’s Loop Waste-Free Shopping PlatformNew York Times

Some of the world’s largest consumer goods and food and beverage companies have joined a new recycling initiative, to be launched this year, aimed at collecting used plastics bottles and other durable packaging from homes and re-using them.

 

7. The World’s Largest Packaged Food Company Will Ditch Single-Use PlasticFast Company

Nestlé will eliminate all single-serve plastic from its line and make all of its packaging recycling or reusable by 2025.

 

8. Canada Has Finally Killed the Four Food GroupsVice

The new Food Guide makes lifestyle recommendations like cooking for yourself, reading labels, eating less processed foods, being more self-sufficient and sharing food traditions, across generations and cultures.

 

9. The Farmer’s Dog Raises $39M in the Largest Series B Round for a Pet Startup – Forbes

The subscription company makes fresh and personalized meals for dogs. Funding was led by Insight Venture Partners and will be used to further streamline its production process to continue scaling.

 

10. Bevi Lands $35M for Smarter Water Cooler That Gets to Know YouXconomy

The Series C funding round was led by Bessemer Ventures. The company is hiring to boost its brand and put products into more offices. Hot drinks are on the company’s future roadmap.

 

11. UK: Just Eat Acquires Restaurant Software Platform Flyt for £22MTechCrunch

Just Eat, the takeout marketplace and food delivery service, has acquired Flyt, a startup that offers software for restaurants and restaurant suppliers.

 

12. TemperPack Closes $22.5M Series B for Sustainable Packaging to Replace Styrofoam With No Competition, Slow Incumbents – AgFunder

Funding was led by Revolution Growth and will be used to roll out new machines to increase production.

 

13. Amazon’s Little Blue Delivery Robot Is Roaming Around the Seattle SuburbsFast Company

The company is testing a fleet of six autonomous delivery bots chaperoned by Amazon employees.

 

14. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Munchery Shutters After Raising $125M, EU to Ban Plastic Cutlery by 2021 + More appeared first on Food+Tech Connect.

Big Brands Pilot Zero Waste E-Commerce Platform, Blue Apron’s New Retail Line + More

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Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors.

Big Food companies have joined a new recycling initiative by TerraCycle, aimed at collecting used plastics bottles and other durable packaging from homes and re-using them. The platform will run through an online shopping platform called Loop.

An on-demand labor platform has come out of stealth after 3.5 years called Jyve. It recently raised $400 million to fuel the growth of its retail gig economy. Blue Apron has shifted its meal kit strategy with a scaled-back version called Knick Knacks on Jet.com.

After Munchery announced its shutdown of all operations, small business vendors were left to pay the bill. One of its former couriers has now filed a class action lawsuit.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Crop Trust, General Mills, Impossible Foods, Kuli Kuli, Row 7 and Sir Kensington’s,

 

2. A Coalition of Giant Brands Is About to Change How We Shop Forever, with a New Zero-Waste Platform – Fast Company

Loop will send you name-brand products, like Tide detergent, Crest mouthwash, or Häagen Dazs ice cream. When you’re done, you ship the empty container back, where it gets cleaned and reused for the next customer. Each package in the system is designed for 100+ uses.

 

3. Blue Apron Introduces New Retail Line on JetGrocery Dive

The new meal kit line, called Blue Apron Knick Knacks, bundles sauces, grains, dairy, spices and step-by-step recipes that customers then pair with their choice of a retailer’s produce or protein.

 

4. How Jyve Secretly Raised $35M & Built a $400M Retail Gig Economy – TechCrunch

The on-demand labor platform has come out of stealth after 3.5 years. It has 6k workers doing tasks for 4k stores across the country. Funding was led by SignalFire and joined by Crosscut Ventures and Ridge Ventures.

 

5. Vegan Dairy Alternatives to Be Worth $30B Billion By 2023VegNews

Major factors driving the increase in consumption of dairy alternatives include the perceived health benefits of plant-based products, consumers’ preference of plant-based milk alternatives to dairy milk and increasing cases of lactose intolerance.

 

6. Employees File Class Action Lawsuit Against MuncheryEater

A courier for the meal delivery startup led the complaint.

 

7. FoodMaven Raises $10M with Tao Capital and Walton Family for Food Waste Tech – AgFunder

The funding will be used to help the company with a rapid expansion campaign, which involves making continued acquisitions, leading up to a $50m to $70m Series B round in early second quarter of this year.

 

8. WeWork Opens Combination Cafe, Retail, Coworking Space in NYC – Curbed

Billed as a “town square” for mission-driven projects and small businesses, Made by We, a new retail and coworking concept opens in New York’s Flatiron district. It’s the latest expansion of the extended We universe.

 

9. Chef’d Returns From the Dead to Invade Retail Stores Across the US – The Spoon

Shuttered meal kit company Chef’d is back from the dead, this time as a clean-label retail kit courtesy of True Food Innovations. The meal kits will roll out under the Chef’d and True Chef monikers in retail outlets in 2019.

 

10. CEO Hix Steps Down at Albertsons-Owned Meal Kit Company Plated – Crain’s New York Business

The CEO of Plated is stepping down with no reason for departure or plans for where he is going next.

 

11. Your Kid’s Fruit Juice May Contain High Levels of Toxic Heavy MetalsFast Company

Out of 45 leading fruit juices, almost half had potentially harmful levels of arsenic, cadmium and lead. Organic juices did not have lower levels than conventional ones.

 

12. 120,000 Pounds, Recalled: What’s Happening to America’s Chicken Nuggets?New York Times

Three separate recalls have been issued this month by Tyson Foods and Perdue. The reasons vary, but many nuggets contained rubber or wood.

 

13. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Big Brands Pilot Zero Waste E-Commerce Platform, Blue Apron’s New Retail Line + More appeared first on Food+Tech Connect.

Food Biodiversity: Where Flavor and Sustainability Meet

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Just 12 plants and 5 animals make up 75% of the world’s food supply. Almost half of our plant-derived calories come from just three foods: wheat, corn and rice. While estimates vary, it is believed that there are over 30,000 edible plants, and we only eat 150 of them. This is harmful to our planet, health and the communities that rely on them. While the conversation around sustainability typically focuses on how we grow our food, it’s time to focus on what we’re growing.

Biodiversity is crucial to the health and safety of our food supply. But to us, biodiversity in food means something even more. Biodiversity sits at the intersection of taste and sustainability, where we can simultaneously satiate an eater’s desire for new, interesting foods, while supporting a more diverse cornucopia of foods being cultivated in the world. As an industry, consolidation puts our food supply at risk and leaves a lot of opportunity – new flavors and food experiences – on the table.   

From building out supply chains with farming cooperatives abroad to partnering chefs and breeders to develop delicious plant varieties, companies are increasingly launching products and developing supply chains that support agrobiodiversity.

Join us to hear how game-changing startups are creating a more biodiverse food system at our February Food+Tech Meetup. Founders will do a deep dive into their business models, technology and supply chains. We will also have networking with the community and lots of great food and drinks to sample from Yolele, Kuli Kuli, Tender Greens, Kaibae, Rebbl + More

Check out our editorial series featuring interviews with 45+ CEOs, execs, farmers, investors and researchers on why biodiversity is the future of the industry: https://bit.ly/2FiaxCX

 

 

SCHEDULE:
6 – 7:30pm: Networking + Company Showcase
7:30 – 9pm: Presentations + Q&A
9pm – 9:30pm: Networking

PRESENTERS:

Charlotte Douglas, Chief Operating Officer, Row 7 Seeds
Built by chef Dan Barber, breeder Michael Mazourek, and seedsman Matthew Goldfarb, Row 7 collaborates with chefs and breeders to develop, promote and sell new, flavorful vegetable and grain varieties. Prior to joining the team, Charlotte served as the Creative Director of Special Projects at Blue Hill Stone Barns, In her seven years at Blue Hill at Stone Barns, she helped spearhead research, writing and culinary projects that explore issues of agriculture and the environment through the lens of flavor.

Mike Lee, Co-Founder & Co-CEO, Alpha Food Labs
Mike Lee is the founder of The Future Market, a futurist food lab that explores what our food system could look like in the next 5-25 years, through experiences and concept products. Mike is also co-founder of Alpha Food Labs, a food innovation company that helps companies create strategies and products that are better for people, planet, and profit.

Lisa Curtis, Founder & CEO, Kuli Kuli
Kuli Kuli is the first brand to introduce the green superfood moringa to the US market. Lisa founded Kuli Kuli after working with moringa as a Peace Corps Volunteer. She has grown Kuli Kuli from a Peace Corps dream into a multi-million dollar social enterprise that sells delicious moringa products in over 7,000 stores. Through Kuli Kuli’s moringa supply chain, the company has planted over 1 million moringa trees, created 1,300 sustainable livelihoods and has put over $1.5M back into the hands of rural farmers across Africa and South America.

Erik Oberholtzer, Co-Founder, Tender Greens
Erik holds the title of executive chairman of Tender Greens and leads the board of directors with daily emphasis on supply chain integrity, culinary innovation, food justice and community cultivation. Erik’s thought leadership on the topics of regenerative organic agriculture, urban agriculture, food policy, health and wellness and social justice have earned him advisory roles with The Food For Ever Foundation, pttow!, The Crop Trust, Rodale Institute, Berkeley Food Institute, SEE-LA, California Restaurant Association, Farmshelf and Children Now. Erik is the founder of The Sustainable Life Project, a Tender Greens sponsored foundation with a mission to help foster youth find paths forward through food access and culinary internships. A member of Conscious Capitalism, Erik coaches young entrepreneurs on the journey of building a conscious brand to national scale.

Thank you to our partners Kickstarter and Brooklyn Brewery.

The post Food Biodiversity: Where Flavor and Sustainability Meet appeared first on Food+Tech Connect.

How Farm.One Uses Tech to Grow 500+ Specialty Crops For Chefs

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From January 7 – February 16, Food+Tech Connect and The Future Market are hosting Biodiversity: The Intersection of Taste & Sustainability, an editorial series featuring interviews with over 45 leading food industry CEOs, executives, farmers, investors and researchers on the role of biodiversity in the food industry. Read all of the interviews here. 

Farm.One is a hydroponic vertical farming startup growing over 500 different specialty produce crops year-round in New York. With a focus on flavor, rarity and a technology-driven approach, the company counts restaurants with a total of 18 Michelin stars among its customers. Below, I speak with founder and CEO Rob Laing about how the startup uses technology to cultivate a diversity of flavorful crops.

 

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Danielle Gould: Is biodiversity a priority for your organization? If so, how and why?

Rob Laing: Our company is devoted to growing a huge range of culinary plants. To date, we have grown and sold over 500 varieties of rare herbs, microgreens and edible flowers. We also grow without pesticides, using beneficial insects instead to control pests. Our customers thrive off this diversity.

DG: How do indoor agriculture companies think about biodiversity? What role might indoor ag play in promoting biodiversity?

RL: An advantage of indoor agriculture is that you can create an enclosed, separate space for the cultivation of edible crops. This allows you to grow varieties that are not necessarily hardy, but are extremely flavorful. It allows you to eliminate pesticides, which reduces your impact on the external environment. And it negates the need to prioritize crops that are optimized for shelf-life or cold storage, because you can grow much closer to the customer.

DG: What is your organization doing or planning to do to promote biodiversity?

RL: We are currently focused on growing a wide range of crops commercially for chefs. We believe that many of the software and hardware technologies we have developed can be adopted by other commercial and not-for-profit farms.

DG: How might we get more indoor agriculture farms to invest in biodiverse agriculture?

RL: Fundamentally, traditional agriculture and supply chains create anti-diverse systems, as players are incentivized through efficiency gains and by scaling to reduce the number of different crops they grow and distribute. Most new indoor ag companies follow this same model, optimizing for a very small range of fast-growing crops. To push in the other direction, we have to be quite creative. Software can allow us to manage farms with a much more diverse crop selection. Building small commercial and not-for-profit farms across cities can allow different groups to grow foods that are actually representative of their cultural heritage. To fuel this movement takes time and money, but the good news is the technology for urban farming is becoming more affordable every year.

DG: What are some of the most important things food manufacturers, retailers, chefs and other key actors across the food supply chain can do to support biodiverse agriculture?

RL: Chefs and food manufacturers can respond to a huge growth in consumer demand for healthier, plant-based food by becoming more familiar with the massive diversity of plant ingredients out there in the world. They can start with simple things like sourcing different grains, working with farmers to discover new kinds of squash or brassicas and move on to discover more creative herbal flavors. They can take the initiative to discover the footprint of each kind of ingredient they source, and interact with local farmers to innovate on new varieties and new relationships to uncover new flavors.

DG: What is your vision for what a more biodiverse food system looks like in 10-15 years?

RL:  As the majority of us live in cities, our food future must solve for an urban audience and embrace the positives of our urban environments. Urban environments foster diverse food cultures, and by catering to these cultures with a diversity of traditional ingredients using a range of commercial and community-driven urban farms, as well as a wider-scale agricultural system that moves away from monoculture and animal farming towards a wide range of exciting plant-based ingredients, we can radically improve the diets of our population while fostering a far more biodiverse food system.

 

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Rob Laing, CEO and Founder of Farm.One

Rob Laing is the CEO and founder of Farm.One, which runs chef’s farms in TriBeCa and downtown Manhattan. Started in 2016, Farm.One grows rare herbs, edible flowers, microgreens and other exotic produce year-round and pesticide-free, using hydroponics and LED lighting. Rob is an experienced startup founder who is passionate about plant-based eating and using technology for clean, accessible food.

 

 

The post How Farm.One Uses Tech to Grow 500+ Specialty Crops For Chefs appeared first on Food+Tech Connect.

Siete Foods Raises $90M, Viome Acquires Habit’s Personalized Nutrition Platform + More

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Source: Siete Foods

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors. Join us on Tuesday, February 19th to hear from CEOs and COOs of Row 7, Alpha Food LabsKuli Kuli and Tender Greens as they take a deep dive into their supply chains and business strategies.

Grain-free tortilla maker and Siete Family Foods has landed $90 million from Stripes Group, allowing the brand to expand into conventional grocery stores. Microbiome Testing startup Viome has acquired Habit from Campbell’s Soup Co for an undisclosed sum, promising to become the undisputed leader in personalized health.

In retail news, Finland-based Relex has closed a $200 million round to expand its retail technology platform into the US. UK-based snack box startup Graze has been acquired by Unilever to expand its better-for-you offerings.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from FoodShot GlobalBowery Farms, rePlant Capital, Slow Food USA, Yolele Foods, Health Warrior and Farm.One.

 

2. Food Biodiversity: Where Flavor & Sustainability Meet

Join us to hear how game-changing startups are creating a more biodiverse food system at our February Food+Tech Meetup. CEOs and COOs from Row 7, Alpha Food LabsKuli Kuli and Tender Greens will do a deep dive into their business models and supply chains.

 

3. Why Grain-Free Tortilla Maker Siete Family Foods Just Raised $90M – Forbes

Stripe Groups’ investment will expand Siete’s sales team, which currently consists of just three employees, in order to launch in more conventional supermarket chains. The company will also use funds to hire an R&D team.

 

4. Naveen Jain’s Wellness Startup Viome to Acquire Habit Nutrition Service from Campbell Soup CoGeekWire

Financial terms were undisclosed. Viome makes personalized food recommendations based on a person’s microbiome, while Habit develops nutritional recommendations based on biology, metabolism and personal goals.

 

5. Finland: Retail Technology Platform Relex Raises $200M from TCVTechCrunch

The investment is the first public investment from TCV’s new $3b fund. It will be used to give the company’s sales a boost, especially in the US, and to develop more services on its current platform.

 

6. Unilever Acquires UK Snack Brand Graze to Accelerate Growth in the Better-For-You SectorFood Navigator

The retail giant bought the company from The Carlyle Group for $194m. Graze offers a variety of snacks with no artificial ingredients. The company started with a snack box delivery service and is now also available in retail stores, e-commerce and direct-to-consumer.

 

7. Ritual Raises $25M for Its Subscription-Based Women’s Daily VitaminTechCrunch

The Series B is led by Lisa Wu at Northwest Venture Partners. Ritual plans to launch two new products, a postnatal and post-menopausal vitamin, in 2019.

 

8. Little Spoon Gets $7M for Its Organic Baby Food Delivery ServiceTechCrunch

Funding was led by Vaultier7, with participation from the likes of Kairos, Tinder founds, Interplay Ventures the San Francisco 49ers and SoGal Ventures. New capital will be used to expand its line of baby meals.

 

9. Do These Tiny Organisms Hold the Key to Lab-Grown Food? – Bloomberg

Chicago-based Sustainable Bioproducts has raised $33m to accelerate its research into microbes in Yellowstone National Park. 1955 Capital led the round with participation from Breakthrough Energy Ventures.

 

10. Mushroom Tech Company Lands $30M for Vegan Protein – Live Kindly

MycoTechnology’s investment was led by S2G Ventures Fund II, with participation from Tyson Ventures, Kellogg’s and others. The company plans to further develop its second product, PureTaste, a plant-based protein made from fermented shiitake mycelium.

 

11. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Siete Foods Raises $90M, Viome Acquires Habit’s Personalized Nutrition Platform + More appeared first on Food+Tech Connect.

Postmates Files for IPO, What the Green New Deal Means for Food, + More

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Image source: Bloomberg | Photographer: Al Drago

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

As part of biodiversity month here at Food+Tech Connect, we’ve launched an editorial series featuring interviews with over 45 CEOs, execs, farmers and investors. Join us on Tuesday, February 19th to hear from CEOs and COOs of Row 7, Alpha Food LabsKuli Kuli and Tender Greens as they take a deep dive into their supply chains and business strategies.

There is a lot happening on the retail front. Autonomous delivery startup Nuro has closed a $940 million round led by Softbank to scale up its fleet of self-driving bots. Whole Foods has just raised its prices on hundreds of items due to inflation. Other retailers are beginning to follow suit.

Postmates has officially filed for IPO, following Uber’s footsteps. In response, DoorDash is arming itself with more funding, with aims to raise $500 million to reach $6 billion in valuation.

And finally, the long-awaited policy proposal for the Green New Deal from Alexandra Ocasio-Cortez and Ed Markey has finally surfaced—and it aims to turn US agriculture into a positive force for climate change and social justice.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Arabella Advisors, MAD, Sweetgreen, Believe in Bambara and GODAN.

 

2. Food Biodiversity: Where Flavor & Sustainability Meet

Join us to hear how game-changing startups are creating a more biodiverse food system at our February Food+Tech Meetup. CEOs and COOs from Row 7, Alpha Food LabsKuli Kuli and Tender Greens will do a deep dive into their business models and supply chains.

 

3. SoftBank’s Next Bet: $940M into Autonomous Delivery Startup Nuro – TechCrunch

The investment will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. The company partnered in 2018 with Kroger to pilot a delivery service in Arizona.

 

4. Food Delivery Pioneer Postmates Files to Go Public – Bloomberg

The company could be valued at more than $1.85b in its listing. It is working with JPMorgan and Bank of America on its IPO.

 

5. Amazon Slashed Prices at Whole Foods. Now They’re Climbing Back Up. – Wall Street Journal

Whole Foods raised prices from 10 cents to several dollars as suppliers have boosted their prices in the face of growing costs. Retailers across the spectrum are starting to pass along similar price increases in response to the growing signs of inflation.

 

6. What the New Green Deal Means for the Food on Your Plate – Civil Eats

The long-awaited policy proposal from Alexandra Ocasio-Cortez and Ed Markey has finally surfaced—and it aims to turn US agriculture into a positive force for climate change and social justice.

 

7. A Structural Bias Harms Women-Led Enterprises and the Agrifood Issues They Are Working to Solve. We Want to Know What That Costs Us. – New Food Economy

The New Food Economy, AgFunder and Karen Karp & Partners investigate the funding gaps for women founders across the food and agriculture sectors.

 

8. Delivery Startup DoorDash Reaches for Over $6B Valuation in New Funding – Wall Street Journal

The company is arming itself with more private capital as rivals Uber and Postmates are planning IPOs.

 

9. Thiel-Backed Breakout Ventures Invests in Phylagen $14M Series A with Cultivian, AgFunder for Microbe-Based Traceability – AgFunder

Funding will be used to expand Phylagen’s microbial forensics service and to grow its microbiome database.

 

10. Cork-Born Startup Raises Further $34M to Bring Cow-Free Milk to Market – Irish Times

The round was led by Horizons Ventures, Temasek Holdings and ADM Capital. The company uses bioengineered yeast to produce real milk protein. It aims to go to market within a few years.

 

11. Honest Company Co-Founder Christopher Gavigan Has a New, Newly Funded, CBD Startup Called Prima – TechCrunch

Lerer Hippeau led the $3.3m seed round, with participation from Greycroft and others. The company plans to sell cosmetic and edible products directly through its education-driven website. Ingestible products include soft gel and powder blends for immunity, sleep and energy.

 

12. Plummeting Insect Numbers ‘Threaten Collapse of Nature’ – The Guardian

More than 40% of insect species are declining and a third are endangered. At this rate, insects could vanish within a century.

 

13. This Startup Is Trader Joe’s Meets Costco, with a Splash of Brandless – Fast Company

A $59 yearly membership on Public Goods gets you access to clean personal care products, ethically sourced household goods and organic food items at drastically low prices.

 

14. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Postmates Files for IPO, What the Green New Deal Means for Food, + More appeared first on Food+Tech Connect.

Clif Bar Launches Ag Fund, 50 Future Foods For a Better Food System + More

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Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

WWF has partnered with Knorr to help tackle the negative environmental impacts of global food production. Together, they’ve launched The Future 50 Foods report, a collection of diverse, plant-based foods from around the world that can boost the nutritional value of our meals while reducing the environmental impact of our food supply.

Despite CBD’s opaque legal status, M&A activity continues to shape the market. This week, Tilray, the second-biggest cannabis company by market value, will acquire Manitoba Harvest, maker of hemp-based products sold at more than 13,000 points of sale across the U.S., for $216 million. CBD products are now in the pipeline.

In other news, JUST is now seeking $200 million from Chinese investors. Clif Bar has just launched a Sustainable Ag Fund to support organic farmers weather economic challenges.

And finally, Blaze Pizza, the restaurant chain backed by basketball star LeBron James, is expanding deliveries across the US to take on Domino’s and ready itself for an initial public offering.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry. Read this week’s published responses from Arabella Advisors, MAD, Sweetgreen, Believe in Bambara and GODAN.

 

2. Knorr, WWF Suggest 50 Future Foods to Fix Our Food SystemSustainable Brands

From naturally pest-resistant grains to vitamin-rich flowers and drought-defying roots, they outline 50 nutritious foods that are better for our health and environment.

 

3. Tilray Taps US Hemp Food Market With Manitoba Harvest DealBloomberg

Tilray is acquiring Manitoba Harvest for $216m, tapping into its extensive US distribution network and an upcoming line of CBD products.

 

4. Egg-Free Mayo Startup Just Seeks $200M Funding Bloomberg

The company has been gauging preliminary interest from Chinese investors.

 

5. Clif Bar Creates Ag Fund to Aid Organic Farmers – Baking Business

The company is providing $500k in initial seed funding to a $10m wind energy program, with other large investors slated to invest the remaining $9.5m.

 

6. Non-Traditional Protein Options Gain Steam in the Meat DepartmentProgressive Grocer

Sales of meat alternatives rose 22% to $8.8m. While it represented a small percentage of overall sales compared to traditional animal protein, growth levels continue to indicate a gradual shift in consumers’ eating behavior.

 

7. Glanbia Nutritionals Strikes Deal to Acquire Watson IncFood Navigator

The $1.4b nutritional ingredients and cheese business will Acquire Watson for $89m.

 

8. LeBron’s Blaze Charts IPO Path with Deliveries, 500-Store Target – Bloomberg

Blaze Pizza, the restaurant chain backed by basketball star LeBron James, is expanding deliveries across the US to take on Domino’s and ready itself for an initial public offering.

 

9. France: French Insect Farming Startup Ynsect Raises $125M Series C Breaking European Agtech RecordAgFunder

The investment round was led by Astanor Ventures. Ÿnsect will use the funding to construct the largest insect farm in the world, with the first phase able to produce 20k tons of insect protein a year.

 

10. Kroger and Ocado Begin to Roll Out Automated Fulfillment CentersThe Spoon

Kroger will roll out two new Ocado-powered customer fulfillment centers — also called “sheds” — in the Central Florida and Mid-Atlantic regions.

 

11. For His Next Act, Former Uber CEO Travis Kalanick Is Quietly Building a New Kind of Food Delivery Service – Business Insider

CloudKitchens, one of the units of Kalanick’s company City Storage Systems, has hired dozens of people including former Uber employees.

 

12. 640 Labs Founder Raises $8.25M Series A for New Venture Tillable, an Online Farmland Rental MarketplaceAgFunder

The Production Board led the round, along with participation from First Round Capital. Tillable will use the funding to expand its engineering, sales and marketing teams.

 

13. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Clif Bar Launches Ag Fund, 50 Future Foods For a Better Food System + More appeared first on Food+Tech Connect.


A.I. in Food

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Artificial intelligence and machine learning algorithms promise to transform the food industry. Innovative startups are leveraging these technologies to change the way we produce, distribute and consume food — from early plant disease detection to streamlining product development and consumer insights. What is A.I.? How does it actually work? How are companies leveraging it and why?

Join us to hear from CEOs and COOs of companies that are building intelligence platforms from the farm to plate at our March Food+Tech Meetup, A.I. in Food. Founders will do a deep dive into their business models and technologies. We will also have networking with the community and lots of great food and drinks to sample from Bad Apple Produce, Artisan Revere, Silly Chilly Hot Sauce, Element Farms + More

Have an innovative product you’d like to share? Apply through our application here: https://bit.ly/2AXzYHa

 


SCHEDULE:
6 – 7:30pm: Networking + Company Showcase
7:30 – 9pm: Presentations + Q&A
9pm – 9:30pm: Networking

PRESENTERS:
Alon Chen, CEO & Co-Founder, Tastewise
Tastewise leverages AI to tap into the culinary consciousness that drives the world’s freshest food and beverage insights. Our platform analyzes billions of food data points – including menus, home recipes and social media – to provide real-time insights for restaurants, hospitality groups, and food brands. Capturing food innovation and observed consumer needs, Tastewise equips industry professionals to identify target segments and competitors, understand emerging trends, and determine which dishes or products should be served next. A senior Google executive for close to a decade, Alon Chen has a wealth of experience in leveraging AI and big data across technology, business and marketing. During his time at Google, Alon initiated and launched the Google Partners channel program in 27 countries, on-boarding 60,000 partners worldwide. Alon also served as Google’s Chief Marketing Officer for Israel and Greece and led the company’s relationship with the World Economic Forum. As Chief Business Officer for Voyager Labs, an AI and cognitive deep learning company funded by Oracle, Alon developed and led their AI marketing-tech eCommerce solution.

Riana Lynn, Founder, Journey Foods
Riana is the founder of Journey Foods, a platform and reporting interface that helps support new product development and nutrition precision. It is creating the future of nutrient consumption through food-forward biotechnology and plant-derived micro foods. Its first product line focuses on re-imagining fruit snacks and adding functional ingredient complexes to target immunity, digestion, energy and brain function. A biologist turned serial entrepreneur, Riana has developed high-growth, nationally recognized technology, and food businesses. Her accomplishments have been featured on CNBC, Forbes, USA Today, Wired, TechCrunch, Entrepreneur Magazine, among others.

Chris Chan, Chief Operations Officer, Farmwave
Chris Chan is the COO of Farmwave, a company that is transforming the world’s agricultural information into AI data models to power decision-making and preserve the future of farming. As Farmwave’s human Swiss Army knife, Chris leverages his experience in nonprofit management, technology consulting, and startups to facilitate ideation, develop strategy, and support product development. His efforts support the entire company, but he works most closely with the marketing, design and business development teams.

PARTNER

WeWork Labs is WeWork’s global innovation platform that supports early-stage startups and corporations seeking to transform their industries. Through our range of services, resources, and networking opportunities for early-stage startups, accelerators, incubators, VCs, and larger corporations, we create and empower an ecosystem of innovation open to anyone with a vision where the next generation of entrepreneurship can grow.

The post A.I. in Food appeared first on Food+Tech Connect.

FAO’s State of the World’s Biodiversity, Gingko Bioworks Raises $90M + More

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Eric Piemont—AFP/Getty Images

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

The Food and Agriculture Organization (FAO) published its first report on the state of the world’s biodiversity, warning that the losses threaten our food, livelihoods, health and environment. And once that biodiversity is lost, it isn’t coming back.

In CPG news, Martha Stewart has joined Canopy Growth‘s advisory board. She will be developing new product lines for humans and animals. Boulder Food Group has raised $100 million from the likes of Arlon Group and Rabobank to invest in early stage startups. Shaquille O’Neal and 13 other all-star athletes have joined Beyond Meat’s campaign demonstrating performance benefits of plant-based meat.

Also in plant-based news, Gingko Bioworks has launched a new spinoff called Motif Ingredients with its $90 million raise in order to develop meat and dairy alternatives.

And finally, DoorDash closed a $400 million round  to expand its last-mile logistics platform and subscription product. It is now valued at $7.1 billion.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry.

 

2. Food Security and Rural Jobs Under Threat from Dramatic Loss of Biodiversity – Fortune

The FAO on Friday published its first report into the state of the world’s biodiversity, warning that the losses threaten our food, livelihoods, health and environment. And once that biodiversity is lost, it isn’t coming back.

 

3. Canada: Martha Stewart Takes Advisory Role at Pot Firm Canopy GrowthBloomberg

The lifestyle guru is teaming up with the world’s largest cannabis company to help develop a broad new line of products for both humans and animals.

 

4. VC Firm Boulder Food Group Raises $100m to Invest in Early-Stage Food and Beverage CompaniesForbes

BFG raised the capital through its 50 partners, including Arlon Group and Rabobank. The initial investment is going to OLIPOP, a clinically-backed digestive sparkling beverage.

 

5. With $90M in Funding, the Gingko Spinoff Motif Joins the Fight for the Future of FoodTechCrunch

Energy Ventures, Louis Dreyfus Companies, Fonterra and Viking Global Investors took part in the round. Motif will develop proteins that can serve as meat and dairy replacements.

 

6. Shaquille O’Neal and 13 Top Athletes Invest in Vegan Beyond Meat – VegNews

The brand’s star-packed “Go Beyond” campaign features NBA stars, NFL players, pro skaters and other athletes who swear by vegan meat for peak performance.

 

7. Microsoft Is Teaming Up with America’s Second-Largest Grocery Chain to Fend Off Amazon – The Verge

The partnership will bring Microsoft Azure and Microsoft 365 to Albertsons stores, which will use cognitive technologies, AI and data science to implement a “frictionless” shopping experience at scale.

 

8. DoorDash Now Valued at $7.1B – Axios

The company has raised $400m co-led by Temasek and Dragoneer Investment Management. Proceeds from the new round will be used, in part, to expand its last-mile logistics platform and subscription product. It also plans to increase its headcount, and eventually expand into non-food products.

 

9. Presto Raises $30M to Bring Its AI Platform and Tabletop Ordering Hardware to Restaurant ChainsTechCrunch

Recruit Holdings and Romulus Capital led the round. Presto is looking to rapidly expand its footprint. The company is now supporting 5k restaurant locations, but aims to double that number in 2019.

 

10. FedEx Partners With Walmart, Pizza Hut to Test Last-Mile Delivery RobotNew York Times

FedEx Corp this summer plans to begin testing a robot to handle home deliveries for partners ranging from Walmart Inc to Pizza Hut.

 

11. Kraft Heinz Posts Huge Loss, Slashes Dividend and Reveals SEC Investigation – CNN

The company wrote down the value of its Kraft and Oscar Mayer brands by $15b, posted a $12.6b loss, cut its dividend by 16% and anounced its accounting practices are under investigation by the Securities and Exchange Commission on Thursday.

 

12. Big Money Joins Fight Against $1T in Wasted Food – Bloomberg

Companies have raised more than $125m in capital to improve the industry’s efficiency, but it’s proving hard to convince consumers not to throw away perfectly good food.

 

13. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post FAO’s State of the World’s Biodiversity, Gingko Bioworks Raises $90M + More appeared first on Food+Tech Connect.

Amazon Launches New Grocery Format, NotCo Raises $30M from Jeff Bezos Fund + More

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Image Source: Amazon

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Amazon’s physical retail strategy shifted in a major way this week when the retail giant announced that it will be launching a new grocery format, separate from Whole Foods, and shutting down its 87 pop-up locations. In the UK, Marks & Spencer closed a $944 million partnership with Ocado to propel its online food delivery capabilities.

In CPG news, Chilean startup NotCo closed a $30 million round from the Jeff Bezos Fund in order to expand its vegan mayos into the U.S. and Mexico. Once Upon a Farm has launched a line of baby purees that are WIC-approved in West Virginia and Florida. Clif Bar released a statement challenging KIND bar to follow its lead in transitioning to organic ingredients.

And finally, Corelle Brands has merged with Instant Brands to form a combined entity worth more than $2 billion.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

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1. Introducing Biodiversity: The Intersection of Taste & Sustainability

We interviewed 45+ CEOs, execs, farmers and investors about the role biodiversity plays in our food industry.

 

2. Amazon to Launch New Grocery-Store Business – Wall Street Journal

Amazon is planning to open dozens of grocery stores in several major US cities separate from Whole Foods, with its first outlet planned to open in Los Angeles at the end of next year. The company is also exploring the idea of purchasing regional grocery stores.

 

3. Chile: Vegan Startup Secures $30M from Jeff Bezos Fund – LiveKindly

NotCo has secured funding from the Craftory, a new fund co-founded by Elio Leoni Sceti and Bezos Expeditions. It plans to use funding to develop more products and expand its distribution to Mexico and the US later this year.

 

4. UK: Marks & Spencer Makes Deal with Ocado for Online Food Delivery – Forbes

The UK retailer will create a joint venture with Ocado Group. Through the $944m deal, Marks & Spencer will own 50% of the online delivery company.

 

5. Owners of Instant Pot, Corelle to Merge – Wall Street Journal

Instant Brands is merging with Corelle Brands for an undisclosed sum. The combined companies would be valued at more than $2b.

 

6. Garner, Foraker Launch Baby Food for Supplemental Nutrition ProgramNosh

The company has launched a line of baby food purees that meet the guidelines for the WIC in West Virginia and Florida, which has the potential to help 125k children.

 

7. An Open Invitation to KIND Bar from Clif Bar Clif Bar

The company is challenging KIND bar to join it in using organic ingredients, offering its expertise.

 

8. Amazon to Shut All US Pop-Up Stores as It Rethinks Physical Retail StrategyWall Street Journal

The retail giant plans to close 87 pop-up locations, ending a year-long experiment, by April.

 

9. India: Zomato to Sell UAE Food Delivery Business for $172M – New York Times

Zomato will continue to run the business on its own platform.

 

10. UK: Samsung Fast-Tracks Entry into Food Tech with Acquisition of Whisk – The Spoon

The deal brings Whisk into the fold via Samsung Next, the company’s software and services innovation hub. Financial terms were not disclosed. Whisk powers commerce from within the recipes of publishers.

 

11. General Mills Has a Plan to Regenerate 1M Acres of Farmland – Fast Company

One of the largest food companies in the US is calling for farming practices that keep carbon trapped in the earth and create healthy, rich soil.

 

12. Tyson Bets on Omnivores with New Alternative Protein Business – Bloomberg

The company plans to accelerate and develop its own alternative-protein business line. Every kind of protein is on the table, from legumes and peas to mushrooms and insects.

 

13. Why Mondelēz, the Snacking Giant Behind Oreo and Wheat Thins, Is Taking on Gut HealthForbes

The world’s largest snacking company has purchased a minority stake in Uplift Food, a startup that sells a powdered daily fiber supplement infused with prebiotics and probiotics, for an undisclosed sum.

 

14. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Amazon Launches New Grocery Format, NotCo Raises $30M from Jeff Bezos Fund + More appeared first on Food+Tech Connect.

Blue Apron Co-Founder Launches New Food Company, Starbucks Invests $100M in Startup Fund + More

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Image source: Cooks Venture

Every week we track the business, tech and investment trends in CPG, retail, restaurants, agriculture, cooking and health, so you don’t have to. Here are some of this week’s top headlines.

Blue Apron co-founder and former COO Matthew Wadiak has launched Cooks Venture , which will sell pasture-raised, heirloom, slow growth chickens, offering distribution both direct-to-consumer and in-store starting July 2019. The company is focused on regenerative agriculture and transparency in food production.

Starbucks is investing $100 million in a new $400 million  food-focused fund in partnership with private equity firm Valor Equity Partners.

Finally, Sweetgreen has partnered with FoodCorps to launch Reimagining School Cafeterias, which will allow kids in 50 schools to design their own fresh, locally sourced lunches.

Check out our weekly round-up of last week’s top food startup, tech and innovation news below or peruse the full newsletter here.

_______________

 

1. Starbucks Will Anchor the New $400M Food-Focused Valor Siren Ventures FundTechCrunch

Starbucks will provide a $100m cash commitment to anchor the new fund, which will focus on companies developing new technologies and products for the food and retail industry.

 

2. Blue Apron Founder Launches Next-Gen Food CompanyFood Dive

Blue Apron co-founder and former COO Matthew Wadiak has launched Cooks Venture, which will sell pasture-raised, heirloom, slow growth chickens, offering distribution both direct-to-consumer and in-store starting July 2019. The company is focused on regenerative agriculture and transparency in food production.

 

3. Sweetgreen Is Redesigning School Lunches to Make Them More Healthy — and More FunFast Company

Sweetgreen and FoodCorps have partnered to launch Reimagining School Cafeterias. By next year, kids in 50 schools will get to design their own fresh, locally sourced lunches, Sweetgreen-style.

 

4. Online Grocery Sales Surge Through Digital Platforms as Consumers Crave ConvenienceForbes

Online grocery shopping in the US will more than double from $14.2b in 2017 to $29.7b in 2021 led by retail giants Amazon and Walmart.

 

5. Amazon Meal Kits Surface at Whole Foods – Grocery Dive

The retailer is doing more than just stepping into a growing category. It’s seizing an opportunity to strengthen its in-store visibility and build its brand affiliation as a grocery provider.

 

6. Postmates’ Newest Feature Is Like Uber POOL for Food DeliveryTechCrunch

The new feature lets customers within the same neighborhood pool their orders. In return, these customers get the food delivered for free.

 

7. Trump Crackdown Unnerves Immigrants, and the Farmers Who Rely on ThemNew York Times

It has long been an open secret that some farms survive by relying on an undocumented labor force. Now, tough immigration enforcement has caused a crisis.

 

8. Silicon Valley Startups Backed by Celebrities Like Bill Gates Are Using Gene-Editing Tool Crispr to Make Meat without Farms — and to Disrupt a $200B IndustryBusiness Insider

New Age Meats and Memphis Meats are both experimenting with this technique to culture animal tissue using Crispr.

 

9. Singapore: Shiok Meats Takes the Cultured Meat Revolution to the Seafood Aisle with Plans for Cultured Shrimp – TechCrunch

The company has raised pre-seed financing from investors like AIIM Partners, Boom Capital and Ryan Bethencourt and is now part of the Y Combinator cohort presenting next week. Financial terms were undisclosed. The company estimates it can make a kilogram of shrimp meat for $5k.

 

10. China: Pet Food Brand Mollybox Gulps $13M In Series B Funding – Entrepreneur

The round was co-led by DCM and Mars backed venture capital Digitalis. The company now has a total of 30k customers who are receiving its products.

 

11. Women, Women of Color & Gender Non-Conforming Innovator Database

We created this open-source list to increase representation, support and investment in women, women of color & gender-nonconforming innovators in food. Join the list & help us spread the word using #womxninfood

 

 

Our newsletter is the absolute easiest way to stay on top of the emerging sector, so sign up for it today and never miss the latest food tech and innovation news and trends, Already signed up? Share the love with your friends and colleagues!

The post Blue Apron Co-Founder Launches New Food Company, Starbucks Invests $100M in Startup Fund + More appeared first on Food+Tech Connect.

Edenworks on How Aquaponics & Aquaculture Can Promote Biodiversity

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Food+Tech Connect and The Future Market are hosting Biodiversity: The Intersection of Taste & Sustainability, an editorial series featuring interviews with over 45 leading food industry CEOs, executives, farmers, investors and researchers on the role of biodiversity in the food industry. Read all of the interviews here. 

Can aquaponics and aquaculture support and protect biodiversity? We speak with Edenworks co-founder and CEO Jason Green about why seafood biodiversity is critical and the role aquaponics and aquaculture can play in preserving it. He also talks to us about how the company is creating biodiverse ecosystems, including microbial ecosystems, to grow seafood with no antibiotics, hormones, mercury, or waste discharge, and plants with no pesticides or added fertilizer.

 

Danielle Gould: Is biodiversity a priority for Edenworks? If so, how and why?

Jason Green: Biodiversity is at the core of what Edenworks does. We are an aquaponic vertical farm. We grow complete ecosystems that combine aquaculture (fish farming) with hydroponics (fertilizing plants with nutrient-rich water), inside controlled environments.

Our aquaponic ecosystems are multi-tiered food webs, just as you find in nature. We start by farming animals — fish and shrimp — both for food and for their waste. Next, we grow the microbiome — all the bacteria and fungi that live with our fish, break down their waste into fertilizer that our plants can use, and colonize plant roots to improve the health of our plants. Finally, we grow plants, which absorb all those nutrients.

By growing biodiverse ecosystems, we generate seafood with no antibiotics, hormones, mercury, or waste discharge, and plants with no pesticides or added fertilizer. It’s a beautiful marriage.

DG: How does Edenworks define and think about biodiversity? What does an ideal biodiverse food system look like? How do you measure biodiversity?

JG: Ideal, biodiverse food systems source from working, biodiverse ecosystems. What ends up on your plate — the items and ratios — should be representative of what nature can sustain.

We measure biodiversity in terms of “food webs” within our ecosystems, ie. what’s eating what. In the language of ecology, we’re looking to increase both “species richness,” the breadth of different species (x-axis), and “trophic diversity,” the number of tiers within a food web.

Beyond the visible levels of biodiversity, there is an invisible aspect to biodiversity: the microbiome. The microbiome is the community of bacteria and fungi that live in and around all of our plants and animals (and us humans).

Our oceans and soils have an almost unbelievable level of microbial diversity. A gram of healthy soil has between 100 million and one billion microbial cells. Unhealthy soil might have around 10 thousand bacterial cells, a difference of 100,000x!

It’s also now been studied that monocultures, pesticides, and industrial fertilizers reduce microbiome diversity, which creates a dependence on those chemicals. Increasing the levels of visible biodiversity exponentially increases the levels of microbiome diversity and removes the need for chemicals. So there’s a virtuous cycle at play here.

DG: What role might aquaculture play in promoting biodiversity?

JG: Seafood has been referred to as the last wild food. It is the last protein market to have meaningful levels of biodiversity. In contrast, beef, poultry, and pork have very low levels of biodiversity. So there’s real concern that if aquaculture goes the way of other protein markets, we’ll lose all that biodiversity.

Aquaculture also has unparalleled opportunity for impact. It’s the largest and fastest growing protein market in the world. In fact, it’s the fastest growing food segment overall.

What’s exciting is that biodiversity is already getting traction as a treatment for the biggest issue threatening future growth in aquaculture: pest pressure. Salmon monoculture operations globally have been under a years-long assault by sea lice. In shrimp farming, the lack of genetic diversity globally is such an issue that every few years, a huge portion of global shrimp stocks get wiped out by a single virus. Industry finds a new species that is resistant to that virus, those genetics come to dominate the global market…rinse, repeat.

Integrated multi-trophic aquaculture (IMTA; it’s a mouthful) is the industry term for growing whole multi-tiered aquatic ecosystems. For example, instead of just growing salmon, also growing seaweed to absorb excess nitrogen, and bivalves to absorb organic nutrients. These biodiverse ecosystems are more disease resistant and more profitable than traditional monocultures, creating an economic incentive for biodiversity.

Fun fact: in IMTA, the biodiversity doesn’t stop at the species being farmed. All manners of wild sea creatures will begin to colonize these ecosystems, especially the “kelp forests”. Once you start farming for biodiversity, nature helps to snowball.

DG: What is Edenworks doing or planning to do to promote biodiversity?

JG: Edenworks is the most biodiverse indoor farm. We’ve yet to find another indoor farm that’s growing as much diversity in terms of both produce and protein. To date, we’ve grown four species of fish and more than 80 varieties of leafy greens.

In terms of what’s next for us, there are new, amazing technologies that are also allowing us to measure the diversity and contents of our microbiome.

DG: What is the business case for biodiverse aquaculture?

JG: The business case for biodiverse aquaculture is that it improves quality and profitability. I mentioned the traction that biodiverse aquaculture is gaining in improving disease resistance and profitability in offshore aquaculture. What Edenworks is doing with aquaponics is a parallel approach for growing on land instead of in the ocean.

On the plant side, a square foot of bedspace for Edenworks yields 230 percent of the average for vertical farming of leafy greens. And we deliver those yields using 90 percent less nitrogen fertilizer (derived fully from our aquaculture waste) than vertical farms that use synthetic fertilizer. Without using pesticides or sanitizers, we’ve eliminated foodborne pathogens, including E. coli, and reduced crop disease incidence from one in four harvests to one in one hundred harvests.

Using conventional (synthetic) practices, a 200 percent increase in yields requires a 500 percent increase in fertilizer. Doing some math, we’re showing that biodiversity is about 50x more powerful as a driver of yields.

On the fish side, we’ve improved the feed conversion ratio (ratio of feed in to meat out) by about one third for our bass, and early data from salmon is promising. Feed is the single largest cost and sustainability challenge in aquaculture. We’re showing that through a biodiverse approach, we can improve the dominant cost item, making higher quality, more sustainable product a cost competitive option.

DG: What investments need to be made to create a more biodiverse food system?

JG: Hopefully we’ve established that aquaculture can increase the biodiversity of our food system. The biggest hurdle to growth of the US aquaculture industry is regulation. In 1983, the US Joint Subcommittee on Aquaculture commissioned a study on why the US was lagging international growth in aquaculture. It found 11 federal agencies directly involved in regulating aquaculture, another 10 indirectly involved, and more than 1,200 state laws.

Instead of encouraging sustainable, biodiversity-enhancing aquaculture development, the US regulatory environment is all but impenetrable. Little has changed in the 35+ years since that study.

Edenworks sidesteps the regulatory nightmare by growing indoors — which recirculating aquaculture technology only recently made possible. But there are so many opportunities for aquaculture to enhance the biodiversity of our protein market, our watersheds, and our oceans. Improving the regulatory environment to encourage sustainable aquaculture development should be a national food security imperative.

DG: What are the greatest challenges and opportunities Edenworks faces for creating a more biodiverse system? What are you doing to overcome or capture them?

JG: Today, we’ve achieved the metrics that validate our thesis that biodiversity improves quality and profitability — higher yields, safer and more stable production through pathogen resistance, improved fertilizer & feed conversion.

The biggest challenge in getting to this point of validation was fear from most in the capital market that our biodiverse approach added complexity without benefit. We were fortunate to align ourselves with investors who shared our thesis from first principles and who were willing to ride with us so that we could collect the metrics.

DG: Are there certain products you would like to see more of in the food industry that would help promote a more biodiverse agricultural system?

JG: More domestically farmed seafood! It’s especially important that chefs help break negative stigma about farmed seafood and educate diners about high quality, sustainably farmed seafood. Dan Barber has a great TED talk about biodiverse aquaculture: “How I fell in love with a fish.”

DG: What is your vision for what a more biodiverse food system looks like in 10-15 years?

JG: I’ll explain my vision by analogy. One of our investors runs an amazing grassfed beef business. A few years ago, they realized they weren’t growing beef, they were growing grass and the grass was growing the beef. So they started focusing on the grass. Then they realized that they weren’t growing the grass, the microbes in the soil were. So they started focusing on the microbes. Perhaps counterintuitive, but they realized that in order to maximize the quality and the profitability of their beef, they had to build their ecosystem from the ground up (literally).

My vision for our near future food system is that holistic or whole ecosystem farming approaches become table stakes. I’d like to not be surprised by the cattle farmer who talks to me about worms and protozoa, or the salmon farmer who’s excited about mussels and kelp.

DG: Anything else you want to share?

JG: For further reading on aquaculture, including why the US has an unfair advantage in becoming the next aquaculture powerhouse, we have a great blog post.

 

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Jason Green, CEO & Co-founder of Edenworks

Jason Green is CEO + Co-founder at Edenworks, a Brooklyn-based aquaponic vertical farm. Founded in 2013, Edenworks’ mission is to become the world’s largest fresh food supplier by replacing globalized supply chains with local product that is sustainable, organic, and low cost. Edenworks grows a variety of leafy greens that are fertilized by the seafood the company grows, including shrimp, salmon, and striped bass.

Prior to Edenworks, Jason developed virtual and augmented reality-based neurorehabilitation technologies and served as a Howard Hughes Medical Institute Research Fellow. Jason was honored by Forbes Magazine’s 30 Under 30: Social Entrepreneurship in 2017 and the Global Aquaculture Alliance’s 30 Under 30 in 2018.

 

 

The post Edenworks on How Aquaponics & Aquaculture Can Promote Biodiversity appeared first on Food+Tech Connect.

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