Latest food tech and innovation news, jobs and events.
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CRISPR
FEATURED
USDA Approves CRISPR'd Food, Thrive Market Launches Frozen Meat & Seafood + More (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=93fc01d03c&e=2715c96b29)
Our round-up of this week's top food innovation news.
Author Julia Turshen Launches Database for Marginalized Voices in Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d76cd0d719&e=2715c96b29) - Eater
Equity at the Table is a searchable database of food industry professionals to connect with others within marginalized communities. It also serves as a resource for storytellers and conference organizers.
future of seafood
Join us to Learn From Seafood and Aquaculture Innovators!
From live tracking technology to converting pollution into fish feed, companies are cropping up to build a more sustainable, traceable and profitable seafood supply chain. Presenters from Dock to Dish, NovoNutrients, Sea to Table, Manna Fish Farms and Hudson Valley Fish Farms will do a deep dive into their business strategies, technologies, challenges and lessons learned.
Come network with the community and get a taste from emerging F&B startups: AKUA, Ocean Hugger Foods, Australis Barramundi, Oko Farms, ForaFoods, New Wave Foods, Yolélé, Edenworks and Sixty South Salmon!
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LATEST JOB LISTINGS
Graphic Designer at Ora Organic (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=4a87348557&e=2715c96b29) - San Diego, CA
Capital & Innovation Manager at ReFED (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=668f5954c7&e=2715c96b29) - Berkeley, CA
Manager, University Technology Advancement at TechAccel (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=0a7447fc3c&e=2715c96b29) - Kansas City, MO
Science Advancement Manager at TechAccel (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=108a52376c&e=2715c96b29) - Shawnee Mission, KS; St. Louis, MO
Director of Sales and Marketing at Render Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=fbc5766726&e=2715c96b29) - Bay Area, CA
eCommerce Fulfillment Manager at Driftaway Coffee (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8936c9c694&e=2715c96b29) - Brooklyn, NY
Lead Bioscientist at Spero Foods (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=da42474cef&e=2715c96b29) - Los Angeles, CA
Product Specialist, Customer Success at Tend (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=b7df91e56f&e=2715c96b29) - California
Director of Customer Success at Spoiler Alert (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cc801fbf12&e=2715c96b29) - Boston, MA
Brooklyn Campus General Manager at Square Roots (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=86139b9476&e=2715c96b29) - Brooklyn, NY
SEARCH MORE JOBS! (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=8ad8489d82&e=2715c96b29)
impossible foods
CPG
Impossible Foods Raises $114M (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=258ce890bc&e=2715c96b29) - Project Nosh
The convertible note from Temasek and Sailing Capital brings the startup's total financing to nearly $400m. The company plans to debut in Asia later this spring.
Smucker to Buy Rachael Ray Dog Food Brand in $1.9B Deal (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=32e782dc91&e=2715c96b29) - Bloomberg
Smucker agreed to buy Ainsworth Pet Nutrition, betting that pet food can help reinvigorate sales.
Hershey Reveals $500M Sustainable Cocoa Strategy (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=bc4a70af0d&e=2715c96b29) - Confectionery News
The initiative aims to address issues facing cocoa-growing communities, such as poverty, poor nutrition, at-risk youth and vulnerable ecosystems over the next 12 years.
How Food and Beverage Companies Use AI (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3486b4f328&e=2715c96b29) - VentureBeat
AI applications for F&B companies include shelf management, image-based procurement, personalized customer service and heightened consumer engagement.
CBD Is Everywhere (Except Your Local Supermarket) (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=931f8af008&e=2715c96b29) - The Ringer
Cannabidiol is said to calm anxiety and soothe inflammation. Despite its ballooning popularity, it is an industry rife with misinformation, legal roadblocks and too few quality-control checks.
Forget Fresh—More Diners Are Filling the Fridge with Frozen Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=6b9e1306a4&e=2715c96b29) - MarketWatch
Volume growth for the frozen category has turned positive for the first time in five years. Meals and appetizers make up 35% of the frozen category, with sales growth of 3%.
China: From Blockchain to Bugs, Shanghai's Venture Capitalists See a Future of Good Food (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=2c44f0198a&e=2715c96b29) - CNBC
Bits x Bites, China's first food tech accelerator, offers between $75k and $500k in capital for 15% equity in food tech startups. Meat alternatives have been a top priority for its investments.
A Spoonful of Sugar Helps the Sales Go Up: Cereal Makers Return to the Sweet Stuff (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=772c525679&e=2715c96b29) - Wall Street Journal
Cereal sales in the US have declined 11% over the past five years. Now, many food manufacturers are going back to basics as market research shows consumers care less about nutrition in cereal.
What Happened to Hampton Creek? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=7b72c9562d&e=2715c96b29) - Food Business News
The company hopes to launch one to two new categories each year. It is now moving into cultured meat with plans to offer products such as smoked sausage, chicken breasts, bluefin tuna and Kobe beef created from animal cells.
thrive market
RETAIL
Thrive Market Gets into Perishables, Wants to Improve the Way Farmers and Fishermen Do Business (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=cbe6fabed0&e=2715c96b29) - Forbes
The online retailer has just begun selling bundles of frozen meat and seafood supplied by small and mid-sized farmers and fishermen. Former Whole Foods employee Mike Hacaga is leading the program.
Instacart Adds $150M Two Months After Last Funding (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=44129f5424&e=2715c96b29) - Bloomberg
The company is adding more money to a previous round of venture financing, bringing the total to $350m to fund a battle with Amazon. Coatue Management led the round, which rose Instacart's valuation to $4.35b.
Amazon Can Use Whole Foods to Help Weather Postal Rate Hikes (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f3d97f306a&e=2715c96b29) - Bloomberg
Trump has urged USPS to charge Amazon more to deliver packages to customers. The retailer has been steadily putting together distribution through Whole Foods locations that could one day handle most of its deliveries.
Albertsons' Grocery Digital Marketplace Is All About Data (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=d953ca4704&e=2715c96b29) - The Spoon
Albertson's soon-to-launch digital marketplace will allow the grocer to capture data and capitalize on food trends more quickly.
Russia: This Blockchain Startup Is Hungry to Address the Grocery Industry's Food Waste Dilemma (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=41083b7242&e=2715c96b29) - GreenBiz
INS Ecosystem uses blockchain to manage transactions and to underpin a token system to fulfill orders, adjust prices and offer rewards. It is slated to launch later this year.
Retail Apocalypse? Not If You're a Kitchen Tech Startup (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=105403f9c7&e=2715c96b29) - The Spoon
Fellow Store and Playground, Anova Kitchen and Brava Home have opened experiential retail storefronts where consumers can test out products. Tech brands large and small have shown the value of physical retail as a way to showcase new technologies.
meituan
RESTAURANTS
China's Meituan Dianping Acquires Bike-Sharing Firm Mobike for $2.7B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=3351097b2a&e=2715c96b29) - Reuters
Meituan and Mobike will share technology, operations, marketing and customer service resources. The consolidation will help Meituan sharpen its offerings in the on-demand sector, intensifying the rivalry between Tencent and Alibaba.
China's Didi Chuxing Confirms It Has Launched a Food Delivery Business (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=5da114c658&e=2715c96b29) - TechCrunch
The company, which acquired Uber's China-based business in 2016, confirmed it is running a pilot food delivery service in Wuxi, and has plans to expand further.
In Restaurant Trends, What Comes After Farm-to-Table? (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=f71ca58d00&e=2715c96b29) - Wall Street Journal
Sourcing local produce is one thing. Now, chefs are redefining farm-to-table by overseeing the growing themselves. On the plate, the results are radically fresh.
Japan: Restaurant Robots Starting to Fill in for Fatigued Staff (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=31557f755e&e=2715c96b29) - The Spoon
Tetsuya Sawanobobori founded Connected Robotics to create robots that can fulfill the lack of labor in Japan's food service industry. The company will start selling a robot this summer that can prepare Takoyaki.
A Worker Shortage Is Forcing Restaurants to Get Creative (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=721a71d208&e=2715c96b29) - New York Times
As Americans increasingly eat out, owners are scrambling to find employees wherever they can.
trade war
AGRICULTURE
How China Will Target US Agriculture (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=041d75bc65&e=2715c96b29) - Politico
China said it would impose a 25% tariff on $50b worth of American exports, many of which are dominant agricultural commodities like soybeans, wheat, corn, beef and orange juice. The tariffs will hurt the bottom lines of US farmers and ranchers.
FBN Challenger AgVend Raises $1.75M for National Expansion (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=e8d70272ee&e=2715c96b29) - AgFunder
Drew Oetting, partner at 8VC, led the round with participation from Green Bay Ventures, Precursor Ventures, FJ Labs, Seahawk Capital, The House Fund, T-Bird Capital and Escondido Ventures. Funding will be used to expand its retail platform for agricultural inputs and services.
UK: From Rotting Crops to Migrant Worker Shortages, Times Are Hard Down on the Farm that Brexit Built (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ebc62251aa&e=2715c96b29) - Wired
Robots won't save the UK's farms from a migrant labor shortage. Ahead of this year's growing season, many farmers are worried they won't have enough people to pick their crops.
US Farm Management Software Market to Reach $1.62B (https://foodtechconnect.us1.list-manage.com/track/click?u=5137626c88ab3a61c40112a42&id=ab96a4e288&e=2715c96b29) - AgFunder
The FMS market holds growth potential for farms under 50 acres. Currently, a lack of education and awareness is limiting the reach of the platforms, but effective and targeted marketing could change that.
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