Thursday, June 7, 2018

Maersk Chooses 10 Startups For The First Cohort of FoodTrack (out of 310 applications)

From AgFunder:
Maersk, the global logistics company, and Rockstart, the startup accelerator, have released the names of the 10 startups joining the first cohort of FoodTrack by Maersk.

The month-long startup program is focused on combatting food loss across the food chain and will provide startups with exclusive access to Maersk leaders across departments as well as the company’s network of suppliers and partners to help validate their technologiesParticipating startups will also be in the running for an equity investment from Maersk’s venture arm, Maersk Growth.

From a total 310 applications, of which they evaluated 188, startups from 10 different countries operating across the food chain were selected to join the program next month. They include cold storage for smallholder farmers, image recognition tech for crop disease detection, software recording the freshness and quality of food, and food chain data analytics.

“We are thrilled to bring together top founders from all over the world; the cohort reflects that tackling food loss is a global challenge that must be addressed at multiple stages in the food system,” said Mark Durno, agrifood program director at Rockstart.
Maersk and Rockstart were impressed with the progress many of the selected startups have already made including technology development and pilots, as well as the deep industry experience of some of the teams.

The FoodTrack programme ends on July 6 with a demo-day, where the startups pitch for an opportunity to receive funding from Maersk Growth, and further collaborate with Maersk in the future.....MUCH MORE
Although it didn't make the cut we are intrigued by the autonomous refrigerated seafood containers from SEATrue: