Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Drinks Start-up Ārepa Shortlisted For International Program

New Zealand Drinks Start-up Ārepa Shortlisted For International Foodbytes! Pitch Program

FoodBytes! Pitch attracts hundreds of global applicants which are driving innovation and change in world food systems.

New Zealand’s Ārepa – a company dedicated to supplying a plant-based supplement to support brain function – is among 12 Asia Pacific (APAC) startups shortlisted for Rabobank’s prestigious global food and agri discovery programme: FoodBytes! Pitch 2021.

Auckland-based smart drink maker Ārepa has developed plant-based drinks, capsules and powder to support brain health and function and counts Coles Australia among its customers. Since it was established in 2018, Ārepa has undertaken significant research and development including a study by Auckland University academics. This small scale, short-term study found study participants significantly increased cognitive function scores after one week taking Ārepa's key ingredients of blackcurrant, pine-bark and I-theanine (an amino acid found in black tea).

Ārepa is the only New Zealand company among an APAC FoodBytes! Pitch 2021 cohort recognised for outstanding innovation in the fields of sustainable supply chains, improved resource management and the next frontier of nutrition. The APAC cohort comprises entrepreneurial businesses from five countries, operating across the Consumer Food & Beverage (CPG), FoodTech and AgTech sectors.

FoodBytes! Pitch 2021 top 45 global startups will vie for selection in this year’s top 15, and the opportunity to participate in FoodBytes! livestreamed public pitch competition on Monday 8 to Wednesday 10 November, which will decide the ultimate winner in each of the three sectors.

Chamidu Karunathilake, Head of Innovation, Rabobank, says “Ārepa has the opportunity to engage with FoodBytes! and the Rabobank global network, with the potential to propel it through the next stages of its growth.”

If Ārepa is selected for the next stage of the programme it could follow the success of New Zealand company Regen which pitched at FoodBytes! in 2017. Regen CEO Bridgit Hawkins said participating in Foodbytes! was ‘a transformative experience’.

“Foodbytes! was the most well-structured programme and the most focused on helping me – as the founder and driver of a business – to be successful. There was considerable wraparound support, including workshops, coaching and mentorship, pitch refinement and advice on market opportunities, which was incredibly valuable. Not to mention the networks and introductions, including meetings with senior people at Rabobank and other sponsors. It’s usually very difficult to make those kinds of connections,” she said.

Mr Karunathilake said FoodBytes! is committed to leading innovation in food and agriculture, and to “future-proofing our member businesses in competitive and challenging market conditions.

“We have strengthened our rigorous process for vetting and selecting entrepreneurs who participate in the FoodBytes! program, focusing this year on those with validated business models, a track record of commercial viability, collaborative mindsets, and a robust and diverse team to drive meaningful change,” he said.

APAC businesses represent 27 per cent of this year’s FoodBytes! Pitch global top 45, and the 12 APAC finalists constitute a diverse range of voices, perspectives, and cultures, and include six female founded and/or led entrepreneurial businesses.

The shortlisted APAC innovators by sector are:

Consumer Food & Beverage (CPG)

· Fable: (Australia) Plant-based meat alternative.

· Ulu Hye: (Australia) Plant-based milks.

· Your Food Collective: (Australia) Locally grown, ethically sourced groceries.

· Ārepa: (New Zealand) Nootropic ‘brain food’ drinks.

· Great Wrap: (Australia) Plant-based, compostable stretch wraps.

AgTech

· AgriDigital: (Australia) Digitised platform streamlining the grain supply chain.

· AgUnity: (Australia) Technologists integrating remote farming communities with global supply chains.

· ThinkBio: (Australia) Biological products enabling growers to minimise synthetic fertilisers, and optimise yields.

· Aqua Development: (South Korea) Sustainable indoor shrimp farming system.

· TranspiratiONal-SBM: (Australia) Biodegradable polymer membrane maximising yields and minimising negative environmental impacts.

FoodTech

· Agnext Technologies: (India) Digital platform providing instant, on-site assessment of food quality.

· ProfilePrint: (Singapore) Artificial intelligence-powered food ingredient analysis software.

About Rabobank F&A Innovation

Rabobank is a leading global food and agriculture bank providing sector expertise and tailored financial solutions to clients across the entire food value chain. Rabobank’s F&A Innovation team supports the bank’s global mission of Growing a Better World Together – helping to turn today’s promising ideas into impactful solutions for a sustainable food supply. Through the FoodBytes! food and agriculture innovation platform, Rabobank has built one of the most valuable networks for corporates, investors and startups pioneering sustainable ways to feed the planet.

FoodBytes! drives collaboration between startups, large food and ag companies and investors

through two complementary programs: FoodBytes! Pitch and FoodBytes! Pilot. Our approach to industry change: discovering and supporting startup innovation; and helping large food and ag companies embed and drive innovation across their organizations. To learn more, visit foodbytesworld.com or follow FoodBytes! on LinkedIn, Twitter, Facebook, I

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Stats: Auckland’s Population Falls For The First Time
In the wake of the COVID-19 pandemic, New Zealand’s population growth slowed down with Auckland recording a population decline for the first time ever, Stats NZ said today. “New Zealand saw slowing population growth in all regions... More>>



BusinessNZ: Third Snapshot Report Reveals $9.5 Billion Business Investment In Climate Action

Signatories to the Climate Leaders Coalition have committed to invest $9.5 billion over the next five years to reduce emissions from their businesses, as revealed in their third anniversary snapshot report released today... More>>

Digitl: The home printer market is broken
Printers are more of a security blanket that a serious aid to productivity. Yet for many people they are not optional.
Even if you don’t feel the urge to squirt ink onto dead trees in order to express yourself, others will insist on printed documents... More>>


Retail NZ: Some Good News In COVID Announcements, But Firm Dates Needed

Retail NZ is welcoming news that the Government is increasing financial support for businesses in light of the ongoing COVID-19 lockdown, and that retail will be able to open at all stages of the new “Covid Protection Framework... More>>

ComCom: Companies In Hot Water For Selling Unsafe Hot Water Bottles And Toys

A wholesaler and a retailer have been fined a total of $140,000 under the Fair Trading Act for selling hot water bottles and toys that did not comply with mandatory safety requirements. Paramount Merchandise Company Limited (Paramount) was fined $104,000 after pleading guilty in the Manukau District Court... More>>



Reserve Bank: Robust Balance Sheets Yield Faster Economic Recovery

Stronger balance sheets for households, businesses, financial institutions and the government going into the pandemic contributed towards maintaining a sound financial system and yielding a faster economic recovery than following previous deep recessions... More>>