New Delhi, Delhi, India | 9th January 2023: Hunch Ventures, a New Delhi-based Investment fund, announced a global partnership with Earth First Food Ventures (EFFV) to build India’s first Net-Zero Food Tech Innovation project. Catalysed 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 focused on Smart Proteins and innovative technologies in food production for lower carbon emissions, cleaner and healthier production of protein with lower GHG emissions. The goal is to move toward a Net-Zero society over the coming decades. The partners envisage strong growth for the enterprise as well as for the country as a whole.
The proposed states and localities are now being defined for the first site. With capacity to meet future demand over the next decade, the Net-Zero Food Technology Innovation Project will encompass plant-based assets, precision and biomass fermentation production and eventually cultivated (i.e., Cel-Ag) technologies, to strengthen local food supply chains and address the need to alleviate hunger and the burgeoning (and international) markets. Over time, there will be multiple Net-Zero Food Technology Innovation projects that will also serve as a social enterprise for the increase in 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 triangled global alliance with our partners which is testament a to the New Agrarian Revolution we are witnessing as we move to scale Smart Proteins and innovative Food Technologies worldwide for a Net-Zero society. The strategic importance of Asia and India for producing healthy, cleaner protein cannot be underestimated.”
Karanpal Singh, Founder, Hunch Venture, further commented, “We find food security as a growing and relevant problem to address in the world. At Hunch we want to partner with the best food innovators, to bring smart technology in food production, storage, processing and distribution to the Indian subcontinent. This partnership combines our decades-long experience in infrastructure and logistics, with the global expertise of GASP and EFFV.”
“At the Global Alliance for a Sustainable Planet (GASP), we believe meaningful solutions stem 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 across the food technology spectrum but also support India’s ambitious net-zero goals,” said Satya S Tripathi, Secretary General, GASP.