The Evolving Landscape of FoodTech: Challenges and Opportunities
The first rule of entrepreneurship taught at Ivy League schools like Stanford and MIT is: State the problem you are attempting to solve for and quantify it. Foodtech players around the world are trying to solve for a multitude of wide-reaching problems, not least of all being food security. Our global population is still growing, with forecasts expecting our global population to expand by 20% to reach 10 billion by 2050. This means that there is significant and growing demands being placed on our global food systems to produce enough food to meet this growing population, while there exists 1 billion people in the world that are going to bed hungry each night.
Food wastage is another challenge; over 30% of the food we currently work so hard to produce i