Rabobank Food Loss Challenge Asia announces 20 Startups for the Pitch Day in Singapore
Focus on critical holistic solutions addressing the issue of food loss throughout the supply chain
Food Loss Challenge Asia by Rabobank is a competition where startups pitch their ideas to reduce food loss to food & agri industry leaders and investors. Through the Food Loss Challenge Asia, Rabobank aims to look for solutions with its partners to address the global problem of food loss.
Diane Boogaard, CEO Asia of Rabobank, comments: “With Asia's population projected to reach over 5 billion by 2050, we rely on innovative and technological solutions to help us curb food loss along the value chain and promote the sustainable development of rural prosperity in the region. Through our networks, we connect startups to our corporate and rural clients to help us in our strive to growing a better world together.”
Mark van Binsbergen, CEO of Rabobank Singapore and one of the Food Loss Challenge Asia judges says: “This is Rabobank’s first Food Loss Challenge event globally. We received an overwhelming number of 127 submissions from 29 countries across Asia, Africa, Middle East and Europe. The quality of submissions is very impressive. We came across many good proposals to address food loss, not only at the producer’s level but also across the whole supply chain.”
“The startups demonstrated an ability to deploy their technology with the awareness of how it would add value to their end-users,” says Arindom Datta, Asia Head of Sustainability Banking at Rabobank, and member of the Food Loss Challenge Asia project team. “Whilst the 127 solutions put forth addressed pain points along the food value chain, notably logistics, storage and refrigeration, many focused on enabling data-driven farm management especially for the small holder farming community. Many startups are trying to provide critical holistic solutions addressing the issue of food loss integrating diverse players in the supply chain,” Arindom continues.
To view the Top-20 selected startups, click here
Find out more about the Food Loss Challenge Asia at www.foodlosschallenge.asia