-KH News Desk (cbedit@imaws.org)
The first Net Zero Food Tech Innovation project in India will be built by Hunch Ventures, a New Delhi-based investment fund, in collaboration with Earth First Food Ventures (EFFV). This Net-Zero Food Tech Innovation project, which was sparked by the Global Alliance for a Sustainable Planet (GASP), will be the first of its kind in India and will focus on Smart Proteins and cutting-edge food production technologies for lower carbon emissions, cleaner and healthier protein production, and lower GHG emissions. Over the coming decades, a Net-Zero civilization is intended to be attained. The business and the nation are expected to grow significantly, according to the partners.
For the initial site, the suggested states and localities are currently being established. The Net-Zero Food Technology Innovation Project will include plant-based assets, precise and biomass fermentation production, and eventually cultivated (i.e., Cel-Ag) technologies to strengthen local food supply chains, address the need to reduce hunger, and the burgeoning (and international) markets. It will have the capacity to meet future demand over the next ten years. There will eventually be a number of Net-Zero Food Technology Innovation projects that also function as social enterprises to improve quality of life for everyone in the ecosystem, from producers to consumers.
Brian Ruszczyk, Co-founder and CEO of EFFV says, “We are excited about this triangled global alliance with our partners which is testament a to the New Agrarian Revolution we are witnessing as we move to scale Smart Proteins and innovative Food Technologies worldwide for a Net-Zero society. The strategic importance of Asia and India for producing healthy, cleaner protein cannot be underestimated.”
Karanpal Singh, Founder, Hunch Venture, further commented, “We find food security as a growing and relevant problem to address in the world. At Hunch we want to partner with the best food innovators, to bring smart technology in food production, storage, processing and distribution to the Indian subcontinent. This partnership combines our decades-long experience in infrastructure and logistics, with the global expertise of GASP and EFFV.”
“At the Global Alliance for a Sustainable Planet (GASP), we believe meaningful solutions stem from innovative partnerships. The collaboration between Earth First Food Ventures (EFF) and Hunch Ventures, aimed at accelerating the development of local, low-carbon, smart proteins and innovative food production technologies, will enable not only a diverse group of stakeholders across the food technology spectrum but also support India’s ambitious net-zero goals,” said Satya S Tripathi, Secretary General, GASP.
