A venture capitalist and former Obama official are giving startups $30 million to fix a 'crisis' in our food system — and you can apply now
Shutterstock
- FoodShot Global is a new fund for researchers and startups who are solving problems in food and agriculture that stem from soil degradation.
- Venture capitalist Victor Friedberg, former Obama-administration USDA official Sara Eckhouse, and former Rabobank North America CEO Rajiv Singh will lead the fund.
- FoodShot Global partners include the new entrepreneurial division of M&M manufacturer Mars along with the Rockefeller Foundation and the nonprofit environmental group The Nature Conservancy.
Chicago venture capitalist Victor Friedberg’s "aha" moment came as he was biting into a peach.
This particular piece of fruit had been purchased from a local market in Valencia, Spain. It was remarkably delicious — so delicious that it made Friedberg question the identity of all the other fuzzy, brightly-colored orbs he’d eaten before.See the rest of the story at Business Insider
NOW WATCH: Medical breakthroughs we will see in the next 50 years
See Also:
- Some of Silicon Valley's leading startups making meat from cells are abandoning the term 'clean meat' — here's what to call it instead
- 40 AND UNDER: The Silicon Valley biotech stars who are backing startups aiming to cure disease, prolong life, and fix the food system
- Silicon Valley’s top biotech investors reveal what the crash and burn of blood-testing startup Theranos taught them