Nancy Schellhorn the Founder & CEO of RapidAIM said, “The RapidAIM team is thrilled and honoured to win the Future Food Asia start up award! It was an honor to be amongst the distinguished group of startup finalists from across Asia Pacific, all of whom presented fascinating solutions for the food production challenge. This is a very special win and a terrific opportunity to work with ID Capital to better connect RapidAIM to the Asia Pacific for protective pest surveillance and management.”
“As A.I. becomes a marker of Asian innovation, we are proud to celebrate agripreneurs unleashing the power of data to build a better food future. From a diverse pool of exceptional propositions, RapidAIM emerged as a deep tech platform bound to revolutionise its sector, taking the guesswork out of pest management,” said Isabelle Decitre, Founder and CEO of ID Capital.
ADB Ventures, in collaboration with the FFA judging panel, selected two India based startups Jai Kisan and SatSure to receive market expansion pilot funding. The ADB Ventures Award was earmarked for a startup for startups with high-impact sustainable agriculture solutions.
“Asia is blessed with a multitude of AgriTech solutions that increase the supply of safe and nutritious food, reduce negative environmental impacts from farming, and speed up climate change adaptation. ADB Ventures is proud to align with the Future Food Asia Conference in order to bring awareness to these innovations and help them scale throughout Asia and the Pacific,” said Dominic Mellor, Senior Investment Specialist and ADB Ventures Lead.
The three finalists of the Alibaba Cloud and Bühler AI Challenge on Food Safety were also unveiled during the conference. Co-organized by Bühler, ID Capital and Alibaba Cloud, over 600 teams competed in the inaugural challenge hosted on Tianchi, Alibaba Cloud’s global big data crowd intelligence platform with more than 270,000 developers and scientists from 93 countries and regions, to develop solutions to food-safety related events such as product recalls, foodborne outbreaks or fraudulent activity. Contestants were required to create algorithms that can generate automated summaries of discovered food safety incidents at both high relevancy and great precision. Their models had to analyze large sets of data provided by Bühler which have been aggregated from dozens of sources.
SHEN Linghao, GAO Yichen, ZHANG Xinyuan, WANG Jingwere of Team Lavida were adjudged the winner of the challenge and received US$ 10,000 from Bühler. Team Enlightenment who come second and third place Team Dut were also awarded US$2,500 and offered internship opportunities at Bühler in recognition of their achievement.
Ian Roberts, CTO of Bühler Group, present at the event declared “I would like to thank the 621 teams who took part in the competition and congratulate our three winners. Those proved incredibly efficient at identifying and categorizing food threats among vast amount of data. We are confident this was an insightful dive into the fascinating world of food safety. We hope such initiatives will bring more scientists and students to think about food value chain challenges and invite them to collaborate with us to create the future innovations needed to sustainably feed 9 billion people by 2050.”
“We are heartened by the overwhelming response to this challenge, which is Alibaba Cloud’s first Tianchi competition in Asia outside China, and our very first agrifood-related contest in the world. We have successfully demonstrated how technology can be used to solve real-world problems on a global scale, and the quality of talent available right here in Asia to do so,” said Dr. Derek Wang, General Manager, Singapore, Alibaba Cloud Intelligence.
Future Food Asia has benefited from the continued support from one of the world’s largest agricultural processor and food ingredient provider Archer Daniels Midland Company (NYSE: ADM), Singapore’s lead public research agency A*STAR (Agency for Science, Technology and Research), enterprise development agency Enterprise Singapore and the Singapore Economic Development Board. They are joined this year by four new partners: Bühler Group, the leading global technology supplier to the food processing and advanced material manufacturing industry, Alibaba Cloud, the data intelligence backbone of Alibaba Group, Corteva AgriscienceTM, previously the agriculture division of DowDuPont and now an independent public company committed to enriching the lives of those who produce and those who consume, and ADB Ventures, an Asian Development Bank (ADB) technical assistance program targeting sustainable development impact through technology solutions that enable climate impact, inclusive finance, health, and gender equality.
As in the past two editions, the Future Food Asia Award jury for the selection of the 10 finalists consists of: Gérard Jacquin, former Director of Partnerships, Transfer and Innovation at INRA, Europe’s leading agricultural research institute; Dr. Ralph Graichen, Director of Food & Consumer at A*STAR’s Biomedical Research Council; Victoria de la Huerga, Vice President of ADM Ventures, Archer Daniels Midland Company; and Isabelle Decitre, Founder and CEO of ID Capital.
The Future Food Asia 2019 Conference took place in Singapore on 3-4 June 2019, more details are available at https://futurefoodasia.com/ffa2019/
Overview of Future Food Asia 2019 Winner
RapidAIM takes the guesswork out of pest surveillance, detection and management. Delivered as a service, RapidAIM provides high-resolution, real-time information of the location of pests for early detection, and targeted control. With RapidAIM users have confidence that control is working and crops are protected. Know now. Act early.
Overview of the ADB Ventures Award Winners
Jai Kisan (India)
Jai Kisan is an agri-fintech platform catering to rural emerging markets by providing a risk-adjusted return to lenders while ensuring a low cost of capital and quick turnaround time with minimal documentation for the borrower. Jai Kisan finances agricultural equipment, dairy, and other yield generating rural assets.
SatSure is an innovative large area analytics company which leverages advances in satellites, machine learning and Big Data analytics to provide answers to large-area questions, with agriculture, forestry, and environmental management. We combine satellite imagery with weather, IoT, social and economic datasets, etc to generate timely, location specific insights.
Overview of the StartupSG Prize Winners
Intello Labs (India)
Intello Labs is a deeptech startup that uses Artificial Intelligence and multispectral tools to make quality monitoring and grading solutions for food commodities. Its image-based solutions, which come in the form of smartphone apps, bring transparency and standardization to the quality assessment process in food supply chains, reducing value risk and wastage from farm to fork.
Phyto Corporation (South Korea)
Phyto Corporation is an innovative food & biotechnology company creating the future of food with Salicornia, a plant grown by seawater. Phyto Corporation has developed the world's first 100% plant-based salt, "PhytoSalt," extracted from Salicornia, a plant containing high contents of salt. PhytoSalt is effective on high blood pressure and is a microplastics-free salt as well. By desalinating Salicornia, Phyto Corporation has also developed a new superfood and flour alternative, "PhytoMeal," that can solve the global food crisis.
Shiok Meats (Singapore)
Shiok Meats is a cell-based shrimp company, the first of its kind in Singapore (Shiok in Singapore English means enjoyable and fantastic). Their aim is to bring cell-based crustaceans to your table, which is health-, animal- and environment-friendly, by growing cells instead of animals. Shiok Meats is co-founded and led by Dr Sandhya Sriram (CEO) and Dr Ling Ka Yi (CTO) - both stem cell and developmental biology scientists with over 20 years of combined experience.
VakSea (United States of America)
VakSea uses insect larvae to biomanufacture functional feed additives that protect farm-raised fish and shrimp from disease. Using its innovative insect larvae production platform, VakSea can produce large-scale quantities of affordable protein-based feed additives for a variety of purposes, starting with preventing viral disease outbreaks on shrimp aquaculture farms.