Acknowledging the urgent need to combat the effects of climate change and ensure food security, top Singapore sustainability technology company, SGP Foods has advocated sustainability and carbon crediting for food production and the environment
SEEDesign company, Inari recently announced the completion of a US$103mn fundraise to develop and commercialise higher-yielding seeds by utilising AI-powered predictive design and multiplex gene editing
One of Inari's existing investors, Hanwha Impact pointed out that Inari's strong progress since their initial investment in 2021, was one of the key reasons for their increased support in this fundraise. A Hanwa Impact spokesperson mentioned that Inaris's revolutionary technology platform when combined with a winning commercial model, would deliver significant value and help create a sustainable future for agriculture. Besides their regular investors, Inari also welcomed new investors including RCM Private Markets fund.
"These investments represent further external validation of Inari's innovative technology and confidence in our creation of significant economic and environmental value by delivering our breakthrough, nature-positive products to seed customers," said Inari CEO, Ponsi Trivisvavet.
For more information, visit: Inari.com
Cargill and food tech leader ENOUGH, are expanding their current partnership to further innovate nutritious and sustainable alternative meat and dairy solutions popular among consumers
Investing in ENOUGH’s most recent (Series C) growth funding campaign, Cargill has signed a commercial agreement to use and market its fermented protein. ENOUGH uses a pioneering technology that enables large-scale sustainable protein production of its signature ABUNDA mycoprotein.
ABUNDA is grown by feeding fungi with sugars from sustainably sourced grain that is then fermented in a natural production process like making beer, wine or yogurt. This creates ABUNDA mycoprotein, a complete food ingredient that contains essential amino acids and is high in dietary fiber. ABUNDA is produced through a zero-waste fermentation process, with Cargill’s glucose syrup as a main source.
With the expanded strategic partnership, Cargill will co-create with customers tasty and nutritious protein alternative foods containing ABUNDA mycoprotein by leveraging its broad portfolio of plant-based proteins, texturises and fats, as well as its formulations and applications capabilities. Moreover, Cargill is also helping ENOUGH achieve its aim to grow more than one million tonnes of ABUNDA cumulatively by 2033.
“We remain committed to bringing alternative and traditional protein source options to the table, and our collaboration with ENOUGH is one of the ways we can realize our purpose to nourish the world in a safe, responsible and sustainable way,” said managing director, Cargill Meat and Dairy Alternatives, Belgin Kose.
Ag-tech start-up WeedOUT Ltd., has announced that it has secured US$8.1mn in A-round funding
Leading the round is prominent US agri- focused VC, Fulcrum Global Capital. The infusion of new capital will advance the company's mission to combat weed resistance through its breakthrough green solution.
WeedOUT's solution could solve one of the greatest threats to agriculture and food security: herbicide-resistant weeds. The company created a novel and environmentally conscious approach to significantly curbing proliferation of weeds that no longer respond to commonly used chemical herbicides.
WeedOUT's first target is the Palmer amaranth weed (Amaranthus palmeri), which can grow up to several metres high and invade fields of corn, cotton, soybeans, and sugar beets. It can crash corn crop yield by 90% and soybean yield by 80%. The prolonged use of chemical herbicides, such as glyphosate, has enabled these destructive weeds to develop multiple resistance.
WeedOUT's novel method takes inspiration from sterility techniques used successfully since the 1940s for controlling populations of unwanted insects, such as mosquitoes and flies. It centres on a proprietary weed pollen derived from the male plants. This sterile pollen fertilises the female weed ovules, yielding nonviable seeds and effectively impeding the growth of a new generation of resistant weeds. The company recently submitted a request to the Environmental Protection Agency for marketing approval and is developing new formulations targeting different weed species.
The WeedOUT solution marks a new era for farmers. "By enabling them to integrate our biological approach with traditional methods, we are redefining weed management strategies," emphasised Noivirt-Brik, PhD, co-founder and co-CEO of WeedOUT. "Our products will dramatically enhance crop yields while simultaneously minimising dependency on chemical herbicides. We envision our technology being widely adopted for multiple crops and serving as a key solution in the battle against resistant weeds. WeedOUT will make a vital and meaningful contribution to agricultural practices and food security, worldwide."