Thursday, May 28, 2015

Food Technology For All

In this interesting perspective discussed in the article, "Food Technology For All", food technologies are focusing more on doing things more economically for not only the larger food corporation, but for the small farm as well. We are still in the process of seeing many technologies evolve to capacities that will allow more efficient data analysis as an example. This in turn will help retailers and producers lower costs and stay competitive. 

The new approach to what is considered to be a new food economy will not only remain competitive, but it will become more innovative and provide a landscape to a variety of investors making the industrial model that has existed for decades, to become obsolete. This business report encapsulates what this new food economy is about through what we are currently seeing in the market with the financing of food start ups, development of new foods and even in how consumers are shopping and eating.

To learn more about how this new food economy is changing, Food Tech Connect, has become a great resource to find such information. In fact, "between January 2013 and December 2014, 47 funds launched with plans to invest in food and agriculture and venture investment in food-tech startups climbed to more than $1 billion in 2014". Such large investors like Google Ventures and other Silicon Valley investors have "shown interest in companies with creative approaches to producing new foods such as vegetable-based beef substitutes, protein bars made with cricket flour and other products".

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