New Delhi-based Hunch Ventures Partners with Earth First Food Ventures EFFV to Build India’s First Net-Zero Food Tech Innovation Project

[ad_1]

New Delhi, Delhi, India (NewsVoir)

Hunch Ventures, a New Delhi-based investment fund, has announced a global partnership with Earth First Food Ventures (EFFV) to build India’s first Net-Zero Food Tech Innovation project. Catalyzed by the Global Alliance for a Sustainable Planet (GASP), this Net-Zero Food Tech Innovation project will be the first of its kind in India focusing on smart proteins and innovative technologies in food production to reduce carbon emissions, cleaner and healthier protein production with lower greenhouse gas emissions. The goal is to move towards a Net-Zero society in the coming decades. The partners expect strong growth for the enterprise and for the country as a whole.

The proposed states and localities are now being finalized for the first site. With the ability to meet future demand over the next decade, the Net-Zero Food Technology Innovation project will include plant-based resources, biomass and precision fermentation manufacturing, and finally cultured technologies (e.g., Cel-Ag), to strengthen supply chains local food and addressing the need to relieve hunger and expanding (and international) markets. Over time, there will be multiple Net-Zero food technology innovation projects that will also serve as a social enterprise for increasing the quality of life for everyone from producers to consumers in the ecosystem.

Brian Ruszczyk, co-founder and CEO of EFFV, says: “We are excited about this triangular global alliance with our partners, which is testament to the new agrarian revolution we are seeing as we move to scale smart proteins and innovative food technologies around the world for a Net-Zero Society. The strategic importance of Asia and India for the production of cleaner and healthier proteins cannot be underestimated.”

Karanpal Singh, founder of Hunch Venture further commented: We believe that food security is a growing and significant issue to be addressed in the world. At Hunch we want to collaborate with the best food innovators, to bring smart technology in the production, preservation, processing and distribution of food in the Indian subcontinent. This partnership combines our decades of experience in infrastructure and logistics, with the global expertise of GASP and EFFV.

At the Global Alliance for a Sustainable Planet (GASP), we believe that meaningful solutions come from innovative partnerships. The collaboration between Earth First Food Ventures (EFFV) and Hunch Ventures, aimed at accelerating the development of local, low-carbon, smart proteins and innovative food production technologies, will enable not only a diverse group of stakeholders in across the spectrum of food technology, but also support India’s ambitious net-zero goals, said Satya S Tripathi, secretary general, GASP.

About Hunch Ventures

Hunch Ventures is the Family Office of Karan Pal Singh, a steel and mining industrialist who has been investing in companies in stages since 2012. As these investments have evolved into larger businesses, Hunch has evolved into an organized Venture fund and has now taken several big bets across multiple sectors. Hunch has supported visionary founders in various industries from air mobility, fine art, sustainable food supply chains and food safety, ports and logistics, health technology, F&B, lifestyle media and several B2B SaaS platforms. It has investments in India, Canada, the US, Tanzania, Singapore, the UAE and the UK and has now turned towards environmentally conscious and sustainable businesses. Hunch is one of the largest independent food technology and infrastructure aggregators and has built the platform for global food technology companies to come to India and establish a local presence.

About Earth First Food Ventures (EFFV)

(EFFV) is an emerging manager solely focused on channeling climate capital towards scaling the Smart Protein industry to a cleaner, healthier end product, produced locally for local consumption, with a significantly lower carbon footprint and lower carbon emissions. greenhouse gases compared to traditional animal protein production. Today, innovative technologies such as biomass fermentation, precision fermentation, cultured technologies and plant-based resources are all tipping the scales towards more sustainable protein production and the acceleration of a new agricultural revolution.

About the Global Alliance for a Sustainable Planet (GASP)

The Global Alliance for a Sustainable Planet (GASP) is a catalyst for building virtuous partnerships of governments, international organizations, entrepreneurs, earth champions and global investors to address the world’s most pressing challenges. It brings together top companies, venture capitalists, investors, bankers, senior government officials and academics, think tanks and the media to facilitate real, tangible inputs to policy makers and provide momentum for climate change adaptation initiatives, especially the most immediate, available and powerful solutions. Supporting partner networks bring together actors from all regions and sectors to offer expertise, resources, innovation and commitment towards a shift to more sustainable ways of producing and consuming.

(Disclaimer: The above press release is being provided to you pursuant to an agreement with Newsvoir and PTI accepts no editorial responsibility for the same.). PTI PWRPWR

[ad_2]