Future of Food

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

Transcript

1. Rasmus Bjerngaard rb@nextfood.co http://nextfood.co Tw: @bjerngaard The Future of Food
2. Food demand is skyrocketing 3 billion more people by 2050 +70% food demand
3. >50% world population now live in cities ...and growing by 430,000 people daily
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
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
6. Agriculture is least digitized industry
8. 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
9. Consumer Apps GMO Artificial meat Controlled environment farming Alternative protein Water treatment Nutritional customization Precision ag Robotics
10. 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
11. Risk Return Importance Why get into foodtech?
13. Building the food tech stack Controlled environment farming
14. Building the food tech stack
15. Give the plant what it needs, light, nutrition, water etc. And remove the obstacles pests, drought, soil etc Controlled environment farming
17. 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
18. It’s a tech solution or a global food crisis
21. Thank you! Twitter: @bjerngaard rb@nextfood.co KEEP UPDATED http://nextfood.co