The Centre for Innovation Incubation and Entrepreneurship (CIIE), of the Indian Institute of Management Ahmedabad business school, has selected eight food and agriculture technology start-ups to take part in its three-month accelerator programme.
As we look ahead to the Forbes AgTech Summit later this week, we took a moment to reflect on GAI’s AgTech Week, which took place two weeks ago in San Francisco, to make a few observations on what’s happening in agtech.
As the world population continues to climb, so does the demand for food. With a finite amount of arable land, keeping up on the supply side is a major challenge for farmers located in certain regions of the world.
Food retailers have been hot on the trail of new ways to help consumers stock their pantries and refrigerators. Using platforms similar to Amazon, many have turned to the internet to provide shoppers with a digital supermarket and fast delivery.
Oakland-based food company Back to the Roots announced this morning that it has closed its first funding round to the tune of $2 million. Fund Good Jobs, an Oakland-based organization designed to increase employment opportunities in the region, led the round.
Big up for city farming! UrbanFarmers, a Zurich based company providing farming solutions for urban areas, announced the successful completion of a 2.1m Series A round on March 31. The company says its as a ‘global pioneer’ in Aquaponic Rooftop farming — yes, that’s what it sounds like, fish, in a vegetable garden… on a roof!
Gabe Friedman over at Bloomberg Businessweek reports that New Jersey based AeroFarms is taking over the former District 89 nightclub in the Ironbound district of Downtown Newark to set up a test site to grow leafy greens using aeroponics in the 69,000 square foot facility.
Small growers and urban farms are springing up across the nation, but many cities lack the infrastructure, zoning laws and foresight to truly leverage this transition.