In 2024 Asia-Pacific agrifoodtech startups have shown resilience against global market headwinds, securing $4.2 billion in funding and 31% of the global investment in the sector this year.
A survey of New Zealand agritech innovators shows they have a strong appetite for global expansion, but most are looking across the Tasman to find collaborators and new markets in Australia first.
Plus… Impossible Foods opens a brick-and-mortar store while Florida’s cultivated meat battle rages on.
Plus: Science Based Targets initiative’s new rules for Scope 3 emissions are causing more than a little chaos.
Here are some of highlights (and a few low lights😉) from 2023, plus some areas to watch in 2024, from designer probiotics to livestock methane reduction.
Farmtech funding for Southeast Asia startups has steadily grown since 2018 despite the overall drop in VC dollars to the region.
Food security is top of mind in Singapore, which imports most of its food, but are policymakers connecting it to climate change?
Global investment in AgFunder’s ‘Innovative Food’ category (which is dominated by alt proteins) fell by 39% in 2022. However, funding increased by 26% in the Asia-Pacific region. So what should we make of this dynamic?
Sponsored
Sponsored post: The innovator’s dilemma: why agbioscience innovation must focus on the farmer first