AP signs MoU with Gastrotope-an incubator to foster Agri & Food tech start-ups

AP signs MoU with Gastrotope-an incubator to foster Agri & Food tech start-ups

Posted by P. Charitha on November 20th 2017

In a recent Tweet , Mr Nara Lokesh,  Minister for Information Technology, Panchayati Raj and Rural Development in Andhra Pradesh announced that the Govt. of AP has signed an MoU with Gastrotope- an incubator which aims to catalyze the ‘farm-to-fork’ ecosystem in India.. This is to foster start-ups in the field of agriculture and food-tech space in AP and India.
SoftBank Group’s founder Masayoshi Son’s younger brother Taizo Son who runs an incubator Mistletoe has launched an agri-food tech accelerator ‘Gastrotope’ in India along with Gurgaon-based GSF Accelerator and Indo-Japan business consultancy Infobridge together.
Taizo Son is a tech entrepreneur &  his Mistletoe has made over 90 investments globally that are worth around $160 million since its launch in 2013. Mistletoe has made three investments in India in startups such as Innerchef, Ninjacart and Kisan Network. Innerchef was started by GSF’s founder Rajesh Sawhney.
The newly launched accelerator Gastrotope will focus on sustainable ideas and models in the ‘farm-to-fork’ value chain. It plans to create an agriculture and food-tech enabled industry ecosystem throughout this value chain and invest in startups that can add value at various stages, starting with farmers and moving to food transportation, processing and delivery to consumption.
“I have always believed that innovation comes from the connecting of diverse dots, and this time, with the bridge between India and Japan, unique solutions to the questions of food and agriculture will arise,” Taizo Son said. “We hope, while working with our partners here, we will become a catalyst for this new movement of farm-to-fork permaculture,” he said.
 “Gastrotope is borne out of a vision of democratising healthy gastronomy experiences for millions. The food consumption habits are changing globally with a focus on nutrition and wellness and instead of food industrialization, the new goal is all about ‘what we grow’. Gastrotope seeks to play a vital role in catalysing India’s adoption of these trends through the birth of a new agriculture and food-tech ecosystem,” he said.
Gastrotope aims to invest in startups in agriculture and food processing sector here and create meaningful partnership to strengthen India's farm economy in a few months from now. According to Indo-Japan business consultancy Infobridge CEO Naho Shigeta, the focus will be to completely reverse the western world's pursuit of food standardisation and instead create locally relevant and sustainable businesses that truly benefit the two most important stakeholders -farmers and consumers.


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