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Thursday, May 16, 2024

SPACE-F Batch 4: 10 FoodTech Startups Shine

Following the success of the SPACE-F Accelerator Demo Day held in June, the SPACE-F Program returns with the SPACE-F Batch 4 Incubator Demo Day.

This event showcases the cutting-edge technological achievements in the field of food technology by startups under the incubator program. This program is a collaborative effort among leading organizations, including the National Innovation Agency (NIA), Thai Union Group Public Company Limited, Mahidol University, Thai Beverage Public Company Limited, Deloitte Thailand, and LOTTE Fine Chemical.

This time, SPACE-F presented 10 startups from the incubator program. They took the stage to showcase their achievements to investors and those interested in FoodTech innovation. This event was part of the FoodTech Stage at the Techsauce Global Summit 2023, held at the Queen Sirikit National Convention Center on August 16, 2023.

With their technological potential and possibilities, the 10 selected startups underwent practical workshops, consultations with industry experts from both Thailand and abroad, all aimed at enhancing their solutions and preparing them for market entry. This includes readiness for Seed and Series A Funding.

Dr. Krithpaka Boonfueng, Director of the National Innovation Agency (Public Organization), delivered an opening remark highlighting on how the SPACE-F program aligns with NIA’s new strategy “NIA as a Focal Conductor strives to create sustainable impacts on both the country’s economy and society through the concept of Create the Dot – Connect the Dot, and Value Creation to realize the 2 reduce and 3 enhance, which are: reduce inequality, reduce barriers, enhance funding access, enhance the number of innovators and innovation-based entrepreneurs, and enhance their competitiveness.

The SPACE-F program has served as a launchpad for these new generations of entrepreneurs. With the collaboration of the program partners, it enables us to drive innovation and create a supportive environment for startups to thrive.

However, it is the startups’ own dedication, which is the driving force behind the growth of startups not only in Thailand but also on a global scale”

Dr. Tunyawat Kasemsuwan, Group Director, Global Innovation, Thai Union Group Public Company Limited discussed SPACE-F Program’s commitments toward sustainability development in food industry. “Thai Union believes that SPACE-F will contribute in creating meaningful and sustainable change for the seafood industry. The early-stage startups pitching to you today were hand-selected as they demonstrated technologies that could play a role in creating value for the food industry, with technologies spanning in multiple areas, from upcycling food production byproducts into new products and ingredients, to the future of food with cell-based products.”

10 startups in SPACE-F Batch 4 Incubator Program

  • BIRTH2022 Beyond Cold Brew Coffee, 3x concentrated fermented cold brew coffee with long shelf-life.
  • ImpactFat: All about #GOODFAT – omega 3 rich cultivated fish fat that is tasty, nutritious and sustainable.
  • Marinas Bio: Cell-cultivated seafood delicacies, focusing on the delectable parts that aquaculture struggles to produce efficiently.
  • Mycovation: Novel Ingredients from Mycelium produced using fermentation technology.
  • NutriCious: Healthy and delicious low-calorie beverages enriched with nutrients, including natural proteins from egg whites, milk, and more.
  • Plant Origin: Egg alternative made with rice bran protein.
  • Probicient: The world’s first probiotic beer, bringing a healthier alternative to socialising that is great for your gut!
  • The Kawa Project: Cheaper, less-toxic cocoa powder alternatives from coffee waste.
  • Trumpkin: Revolutionary vegan cheese crafted from pumpkin seeds, a sustainable and flavorsome dairy alternative.
  • Zima Sensors: A cutting-edge printable sensor technology enables continuous monitoring of package defects and leakages.

Dr. Tunyawat Kasemsuwan, Group Director, Global Innovation, Thai Union Group Public Company Limited discussed SPACE-F Program’s commitments toward sustainability development in food industry. “Thai Union believes that SPACE-F will contribute in creating meaningful and sustainable change for the seafood industry. The early-stage startups pitching to you today were hand-selected as they demonstrated technologies that could play a role in creating value for the food industry, with technologies spanning in multiple areas, from upcycling food production byproducts into new products and ingredients, to the future of food with cell-based products.”

10 startups in SPACE-F Batch 4 Incubator Program

  • BIRTH2022 Beyond Cold Brew Coffee, 3x concentrated fermented cold brew coffee with long shelf-life.
  • ImpactFat: All about #GOODFAT – omega 3 rich cultivated fish fat that is tasty, nutritious and sustainable.
  • Marinas Bio: Cell-cultivated seafood delicacies, focusing on the delectable parts that aquaculture struggles to produce efficiently.
  • Mycovation: Novel Ingredients from Mycelium produced using fermentation technology.
  • NutriCious: Healthy and delicious low-calorie beverages enriched with nutrients, including natural proteins from egg whites, milk, and more.
  • Plant Origin: Egg alternative made with rice bran protein.
  • Probicient: The world’s first probiotic beer, bringing a healthier alternative to socialising that is great for your gut!
  • The Kawa Project: Cheaper, less-toxic cocoa powder alternatives from coffee waste.
  • Trumpkin: Revolutionary vegan cheese crafted from pumpkin seeds, a sustainable and flavorsome dairy alternative.
  • Zima Sensors: A cutting-edge printable sensor technology enables continuous monitoring of package defects and leakages.

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