DEMO DAY FOR INNOVATIVE FOOD START-UPS
Demo day for innovative food start-ups. Global seafood giant Thai Union Group PCL joined its partners in hosting a “Demo Day” to showcase innovative start-ups under the first food-tech incubator and accelerator programme in Thailand and South East Asia.
Together with the National Innovation Agency (Public Organisation), or NIA, Mahidol University, Thai Beverage PCL, Betagro Group and Deloitte Touche Tohmatsu Jaiyos Co. Ltd, Thai Union co-hosted the ‘SPACE-F batch 2 Accelerator Demo Day’ to allow entrepreneurial start-ups to demonstrate how they have embraced technology to bring advancements to the food industry.
Nine start ups participated in the SPACE-F Demo Day including Advance Green Farm: Farming of high-quality wolffian; Avant Meat: Lab-grown fish for food and cosmetics markets; DEZPAX: customised, eco-friendly and affordable food packaging for F&B SMEs; IXON Food Technology: Sous-vide aseptic packaging; Karana: Plant-based proteins from jackfruit; Nitro Labs: Craft brewer of coffee and tea; Profile Print: taste and quality analyser using AI; Sophie’s Bionutrients: Plant based protein from microalgae, grown in urban, fed with food waste; Spira: food-safe pigments from microalgae which provides high-protein by-product.
Dr. Pun-Arj Chairatana, Executive Director of NIA, said:
“Building the competitiveness of the country in the future requires more deep technology, or advanced technology known as “deep-tech”, to be an engine for long-term business growth. Food-tech is one of our key areas in Agritech, ARI (AI, Robotic, and Immersive), Spacetech, and Healthtech.
“The NIA has set a goal to build 100 new deep-tech start ups in three years. SPACE-F is one of the projects that the NIA initiated together with leading organisations from three sectors: public, private, and university to drive Thailand’s food industry to be a “Food-tech Silicone Valley”. SPACE-F is focusing on setting-up nine food-tech trends to the world – 1) health & wellness, 2) alternative protein, 3) smart manufacturing, 4) packaging solutions, 5) novel food & ingredients, 6) biomaterials & chemicals, 7) restaurant-tech, 8) food safety & quality, and 9) smart food services. For the past two years, there have been 34 start-ups join the programme, of which four have received funding from the NIA – More Meat, Sesamilk, Artificial Anything, and Trash Lucky.
“Besides being a funding mechanism, the NIA also supports start-ups to grow continuously through networking with public and private sectors and marketing channels such as social media and innovation events.”