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
   

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

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

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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
   

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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
   

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6. Agriculture is
   least digitized
   industry
   

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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
   

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

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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
    

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11. Risk
    Return
    Importance
    Why get into foodtech?
    

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13. Building
    the food tech stack
    Controlled environment
    farming
    

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14. Building the
    food tech
    stack
    

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

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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
    

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

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21. Thank you!
    Twitter: @bjerngaard
    rb@nextfood.co
    KEEP UPDATED
    http://nextfood.co
    

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