This Week in Food Waste and Food Tech News
A run down of the hottest topics this week in food waste and food technology.
1. Food Banks handling holiday donation spike with cutting edge food logistics technology
With hundreds of millions of pounds of produce and canned goods being donated to food banks this holiday season, non for profits such as Second Harvest Food Bank in Tennessee and over 200 other food donation centers are struggling to handle the logistics of storing and moving their perishable goods before they spoil.
The answer? Automated logistics technology similar to tech used in Amazon and WalMart food warehouses.
More on the food warehouse technology being used by food banks via the Wall Street Journal here.
Smart Technology from the eCommerce sector is being integrated into food bank storage facilities.
2. Silicon Valley Food Tech Startup Innit raises 25$ million
What appears to be one of the most star-studded, proven co-founding teams in recent food tech memory has closed a 25 million dollar investment round from undisclosed investors.
Innit is a cloud based service planning to leverage machine learning software and state of the art sensor technology to develop products such as smart kitchen appliances and a greater understanding of nutrition.
The co-founding team consists of silicon valley veterans Eugenio Minvielle, Kevin Brown, and world renowned chef and food and beverage thought leader Francisco Deolarte.
More on Food Tech Startup Innit via PE HUB here
Innit is hoping to leverage cutting edge cloud software, sensors, and monitors to "listen to food" and use these insights to build smart appliances that are less wasteful and more nutritious.
3. Amount of Food Tech Venture Deals up, especially in Asia
A recent food technology startup report shows that food tech funding in Q3 was even higher than originally expected. Although funding is high across the world, Asian countries such as India have increased deal volume by 3-4x compared to previous years.
With deals abounding, some startup experts and food industry veterans have come to believe if there is a "food tech bubble" especially in industries such as pre prepared meal kits and food delivery.
More on food tech venture funding trends via Vator.tv here
Is there a food-tech bubble? More and more experts are speculating there is.
4. Singapore could be the next food tech Mecca
In Singapore, over 90% of food is imported and less than 1% of land is used to for cultivation of food crops. Despite these food statistics Singapore is rated as the 2nd most food secure country in the world.
How? Many industry experts believe it is due to the strictly enforced government food and trade policies in Singapore. Combine this extreme food efficiency with close proximity to exploding Asian food markets and some believe that Singapore could be the next food tech hub.
More on the food technology potential in Singapore here.
Singapore is one of the most food insecure nations on the planet, with over 90% of produce and other foods coming from imports.
5. Archer Midland Daniels Pioneering Sodium Reduction Technology
Food ingredient giant Archer Midland Daniels, following the acquisition of startup WildFlavors last year, has announced a new line of products which will decrease the amount of sodium used meat and other food products.
The new line consists of Sea SaltTrim, a natural sea salt based product and Salt Enhancer, a dry powder that can be used as a salt substitute. The food giant ADM plans to use this technology to reduce amounts of salt in their product line as part of a movement to promote food healthiness.
More on the food technology innovations at Archer Midland Daniels here.
Archer Midland Daniels has announced a new line of food technology products to reduce salt concentration without compromising flavor.