The fund points to $20 million to $30 million to invest $100,000 to $400,000 in corporations that digitize agriculture and tackle food waste, greenhouse gas emissions, soil fitness and food insecurity.
Background maps have an effect on sustainable progression goals.
AgFunder, which manages 3 other start-up funds, has been looking to free and have an effect on the fund for several years, but the effect has not been on investors’ radars in agri-food technologies, Michael Dean of AgFunder said ImpactAlpha. This has replaced COVID, which has made food security a very sensitive priority, particularly in Singapore, where Malaysia’s food materials were threatened by border closures.
“Food safety is a big problem, but no one paid attention because everyone had food at their table,” Michael Dean of AgFunder told ImpactAlpha. “COVID brought it to the foreground.”
GROW’s portfolio includes Indian-based ViridisRS, which uses aerial surveillance and sensors to help smallholder farmers map their plots and their financing and insurance (SDG No. 1: End of Poverty, 2: Zero Hunger, 8: Decent Work and Economic Growth). Future Fields grows cells as a means of producing laboratory meat (ODD No. 3: Health and Wellness, 12: Responsible Consumption 15: Life on Earth).
AgFunder creates its own framework to track and report on the effect of the GROW fund. Dean admits that this is a challenge, as the effects of early technologies are neither obvious nor easy to quantify.
“We’re working on it,” Dean said of the SDGs and have an effect on mapping. And if we do, other people will locate it quickly.
Jessica Pothering is a journalist for AgFunder, AFN.
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