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AgTech FoodTech

Singapore Food Bowl aims to help regional agri-food tech startups

GROW’s Singapore Food Bowl program aims to help regional agri-food tech startups fast track their growth trajectory and commercialise novel technologies specifically relevant to Singapore’s food security agenda. The 12-week virtual accelerator allows for the local ecosystem to make a change together, by forming a cohort of local and regional startups to address the challenges and opportunities in food security and supply chain highlighted by the current COVID-19 pandemic.

Singapore Food Bowl is targeting startups focused on technologies to accelerate & improve the production of Proteins (animal & alternative) and Leafy greens (controlled environment agriculture) as well as solutions that address Food Waste, Sustainable Packaging and Digital Supply Chains.

If you’re developing technologies that can materially improve productivity in the areas aligned with Singapore’s 30×30 food pillars, namely protein production and leafy greens,

Startups incorporated in Singapore or based in Asia-Pacific and having a minimum viable product (Pre-Seed to Seed stage in terms of funding) are eligible to apply for the accelerator program. Applications for the program can be filled by up to 7th of June.

Read more at Grow

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AgTech Protein

Insectta Receives R&D Funding to Fuel Insect Biomaterials Research

Insectta, founded in 2017, started as an insect farm focused on producing alternative proteins for animal feeds, but pivoted to the extraction of biomaterials from insects. As the first urban insect farm in Singapore rearing the black soldier fly (hermetia illucens), Insectta takes food waste and returns it into the economy as valuable biomaterials.

Trendlines Agrifood Fund, a medical and agricultural technologies focussed fund, has invested an undisclosed amount in Insectta, to fuel the work on the extraction of valuable insect-derived biomaterials.

Insectta manufactures black soldier fly chitosan, which is much purer and lower in heavy metals than conventional chitosan and have applications in pharmaceuticals, cosmetics, anti-microbial food packaging, and agrotech. The company is in the midst of developing a superior black soldier fly derived animal feed additive that functions as both a protein and a probiotic.

Read more at Trendlines

Categories
AgTech Protein

The Radicle Protein Challenge by Syngenta to Invest $1.25m

Radicle Growth, an acceleration fund, and Syngenta, a leading agriculture company announced the launch of The Radicle Protein Challenge by Syngenta to support the future of protein. Innovative protein sources are increasingly important for a growing population. Companies with novel solutions in protein industry like new protein sources or protein conversion technologies can apply. A $1m investment will be made in the Challenge winner and a $250k investment to the second-place winner. Applications are open through May 29, 2020.

Radicle Growth selects innovative ag and food tech start-ups for investment, ensuring that powerful, disruptive technologies reach their full potential, while Syngenta is a leading science-based agtech company with world-class science to protect crops and improve seeds.

Read more at BusinessWire

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AgTech Investments

Plantible raises $4.6 million seed round for an egg white replacement

Plantible uses duckweed, a tiny aquatic leaf, to extract a plant-based protein ingredient that will eventually allow food companies to make animal-based products into plant-based products. The offering would be attractive to companies that make baked goods or protein powder, and thus use lots of egg whites as part of their creation process.

Plantible claims to offer an egg-white replacement with no compromises on texture or nutrition.

The company just raised a $4.6 million seed round, led by Vectr Ventures and Lerer Hippeau with other investors eighteen94 Capital (Kellogg Company’s venture capital fund) and FTW Ventures. Plantible’s closest competitors in egg-white replacements category are Clara Foods and FUMI Ingredients.

Read more at TechCrunch

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Uncategorized

A2 Milk: attempts to premiumize the once-commoditized product

Conventional milk contains two main types of beta-casein protein, A1 and A2; the former is believed by many consumers and health care professionals to affect digestive health and possibly cause heart diseases and diabetes. This is where a2 Milk attempts to premiumize its brand. Australia-based The a2 Milk Co. Ltd. engages in the commercialization of A1 protein-free milk and related products. In order to do so, the company starts with specially selected cow that are not affected by the natural genetic mutation leading to the production of milk containing A1 proteins.

According to management, a2 Milk captures the leading value share of 6.4% in the fast-growing Chinese infant nutrition market. At the same time, a2 Milk has become the top premium milk brand in Australia with an 11.2% value share. As of fiscal 2019, the company had approximately 16,000 stores (up 64% year over year) for distribution in China and 13,000 (up 161% year over year) in the U.S.

Read more at GuruFocus

Categories
Fisheries

Fish Protein Hydrolysate Market Overview

Fish protein hydrolysates is an amino product as it contains high concentration of natural protein. They are manufactured using hydrolysis reaction on protein bonds which results in quick absorbing protein solutions. They are widely used in animal feed products as they aid in boosting the metabolic system against infections and reduce outbreak of diseases which is likely to foster fish protein hydrolysate market outlook. Fish Protein Hydrolysates Market size exceeded USD 420 million, globally in 2019 and is estimated to grow at over 4.5% CAGR between 2020 and 2026. Increasing disposable income & rising demand for easily digestible and high-quality protein powders will fuel the global industry growth.

Fish protein hydrolysate market is competitive and major industry players include SOPROPECHE, Diana Aqua, Copalis Sea Solutions, Scanbio, TripleNine, Hofseth Biocare, Bio-Marine Ingredients, United Fish, Weishardt and Omega Protein, 3D Corporate Solutions, Sociedad Pesquera Landes Sa, Janatha Fish Meal & Oil Products, Nutrifish, Drammatic Organic Fertilizer, Shenzhen Taier Biotechnology, TC Union Agrotech and United Fisheries.

Read more at Global Market Insights