AgFunder and GROW have initiated a search for 10 transformative agrifoodtech leaders to participate in their 2024 Impact Accelerator program.
This initiative comes in the wake of the United Nations’ Food and Agriculture Organisation (FAO) unveiling an unprecedented global roadmap for food systems at COP28.
The roadmap, designed as a blueprint for immediate and revolutionary action, aims to sustainably meet the nutritional demands of the projected 10 billion global population by 2050, while simultaneously achieving net-zero global greenhouse emissions.
The AgFunder GROW Impact Accelerator is geared towards investing in tech founders worldwide whose innovations span crucial areas such as climate impact, human and planetary health, waste reduction, and financial inclusion.
These technologies are critical in balancing food security with sustainable food production, aligning with the UN’s ambitious steps towards a sustainable future.
Selected participants for the program’s fifth cohort will receive a $100K cash investment from AgFunder and access to its extensive global network of co-investors.
The hybrid program, starting in April 2024, will blend virtual and in-person components, including integration into Singapore’s vibrant agrifoodtech ecosystem. Tailored business coaching and mentorship from industry experts will support founders in scaling their ventures for global impact.
Candidates must exhibit strong technological foundations, a tested prototype with market viability, and operations in at least one market.
Startups demonstrating scalable solutions with tangible environmental or social impacts are highly sought after, especially those innovating in areas like AI and digital transformation, carbon market solutions, food production optimization, advanced food science and bioprocess technologies, precision agriculture, and sustainable biomaterials.
The program has seen significant success since its inception in 2019, with 39 companies from 17 countries graduating. In 2023, a record 600 companies from over 80 countries vied for a place in the program, indicating its growing prestige.
John Friedman, Asia Director of AgFunder, highlighted the critical role of food systems in addressing global climate challenges and encouraged agrifoodtech startups to apply.
Applications for the program’s fifth cohort are open to founders worldwide and will close in February 2024. This initiative marks a pivotal moment in the agrifoodtech sector, fostering innovations that could reshape the global food landscape by 2050.