Upgrade to Pro — share decks privately, control downloads, hide ads and more …

Future of Food

Future of Food

Presentation at Nordic Next 2017 by Rasmus Bjerngaard, Co-founder CEO of Nextfood (http://nextfood.co)

bjerngaard

June 07, 2017
Tweet

Other Decks in Technology

Transcript

  1. Rasmus Bjerngaard [email protected] http://nextfood.co Tw: @bjerngaard
    The Future of Food

    View full-size slide

  2. Food demand is skyrocketing
    3 billion more
    people by 2050
    +70% food
    demand

    View full-size slide

  3. >50% world population
    now live in cities
    ...and growing by
    430,000 people daily

    View full-size slide

  4. Likeliness to take eco-friendly
    actions of US adults by generation
    Quality food demand rockets along
    $1B
    2005
    $7B
    2014
    Local produce
    (US)
    11%
    2015
    $43.3B
    Organic produce
    (US)
    2014

    View full-size slide

  5. The poor vegetables we eat
    ● Old - veggies are commonly weeks old - fruits months old
    ● Transported from afar - average >2000km
    ● Lack nutrients - because of age and growing conditions
    ● Tasteless, poor texture - due to age, transport, growing conditions
    ● Treated with herbicides, pesticides and fungicides
    ● Produced in a wasteful and unsustainable manner, 40% waste

    View full-size slide

  6. Agriculture is
    least digitized
    industry

    View full-size slide

  7. Characteristics of opportunity and need
    Centralised large-scale production and long distance transport
    High degree of misinformation about food
    Existing technology will not do
    Do new growth drivers
    have a place in foodtech?
    Century Growth driver
    Pre-18th Cultivation and extraction
    19th-20th Manufacturing and industry
    21st Computation and data

    View full-size slide

  8. Consumer
    Apps
    GMO
    Artificial
    meat
    Controlled
    environment
    farming
    Alternative
    protein
    Water
    treatment
    Nutritional
    customization
    Precision ag
    Robotics

    View full-size slide

  9. Solution trends
    Apply technology; computation and data, biotechnology, hardware
    Incremental vs step change
    A tech stack - platforms ~ Internet of food
    Transparency - open source
    Distributed production

    View full-size slide

  10. Risk
    Return
    Importance
    Why get into foodtech?

    View full-size slide

  11. Building
    the food tech stack
    Controlled environment
    farming

    View full-size slide

  12. Building the
    food tech
    stack

    View full-size slide

  13. Give the plant what
    it needs,
    light, nutrition, water
    etc.
    And remove the
    obstacles
    pests, drought, soil etc
    Controlled
    environment
    farming

    View full-size slide

  14. B2C B2B
    Enabling a huge unaddressed B2B mid market
    Size of production
    Industrial
    production
    Hobby home
    growing
    No plant knowledge needed
    Ensures traceable quality
    No up front investment

    View full-size slide

  15. It’s a tech solution
    or a global food crisis

    View full-size slide

  16. Thank you!
    Twitter: @bjerngaard
    [email protected]
    KEEP UPDATED
    http://nextfood.co

    View full-size slide