India and China startups and innovators dominate the list of 15 shortlisted finalists for Rabobank’s SustainableAg Asia Challenge. The other challengers come from Indonesia and Singapore.The competition is Rabobank’s initiative to promote integrity and inter-connectivity across the region’s vital agriculture and food supply chains.
Agri-tech companies were invited to submit a market-ready solution that uses cutting-edge data-driven technology, analysis and inter-connectivity to help meet Asia’s increasing demand for food.
The agri-tech solutions received through SustainableAg Asia Challenge will empower farmers, as well as food and agriculture companies to make more informed decisions for smart farming, processing techniques and food distribution. The benefits will trickle down to the region’s vast number of smallholder farmers, enabling them to improve crop production and access to markets for increased incomes.
Submissions were assessed on factors such as technology innovation, market readiness, scalability and extent of addressing integrity in the agri-food value chain in Asia.
The Rabobank SustainableAg Asia Challenge is supported by Rabo Foundation in partnership with ADB Ventures, Archer Daniels Midland Company, Bayer, Bits & Bites, COFCO International, DSM, Future Group, Temasek and Olam International.
The 15 shortlisted companies will have the opportunity to attend the Rabobank SustainableAg Asia Challenge Pitch Day in Singapore on October 10, 2019 for a chance to win a cash prize from a pool of US$20,000. More importantly, they will also stand to win exclusive invitations to present their innovations at Rabobank Asia’s annual Food & Agribusiness Advisory Board Meeting in Shanghai on October 31.