Feed & Additive Magazine Issue 22 November 2022

NEWS 8 FEED & ADDITIVE MAGAZINE November 2022 Aquarech wins 2022 Nutreco Feed & Food Tech Challenge Nutreco and SHV promote sustainable aquaculture in Africa Nutreco has announced that Aquarech is the winner of the 2022 Nutreco Feed & Food Tech Challenge (NFFTC). Aquarech won first place for its work to build Kenya's first fish farming supply chain platform. Aquarech will receive a validation trial supported by Nutreco experts to further develop its technology. Jury member Alex Obach said, “Congratulations to Aquarech for winning the 2022 NFFTC! Through their Aquarech platform, fish farmers in Kenya and Africa can buy top-quality feed, sell fish, and learn about best fish farming practices to improve their incomes and in general to improve the entire supply chain of high quality fish to feed to local population. We look forward to supporting Aquarech in further developing their innovative concept.” This year’s NFFTC received over 100 submissions from 48 countries. These were narrowed down to 15 finalists, who received support from Nutreco mentors to develop a pitch deck and business case that they defended at a virtual pitching event in June. A jury of industry experts selected five top candidates from these finalists. The top five attended an in-person finale this week in the Netherlands to pitch their ideas one last time and network with other start-ups, investors, and Nutreco experts in a program that included speakers and interactive discussions. “This year’s entries showed a great deal of promise in helping our industry solve the challenges we face as we work to produce more protein more sustainably and achieve our purpose of Feeding the Future. We’d like to thank everyone who participated in this year’s Challenge!” said Nutreco’s Director of Venturing & Business Development Joost Matthijssen. Nutreco and its parent company SHV have partnered with FoodTechAfrica and African Parks on an initiative to promote sustainable aquaculture in Africa. In addition to financial investments, Nutreco and SHV will contribute their deep knowledge and experience in creating sustainable ways to feed the future, while also driving forward conservation-led economies. The first project under the initiative, the Gishanda Fish Farm in Rwanda, opened and will help meet Rwanda’s growing demand for protein. “We are proud to announce the partnership with SHV, FoodTechAfrica and African Parks. It is estimated that more than half of the projected global population growth in coming decades will take place in Africa. Our purpose of Feeding the Future is focused on helping produce more sustainable protein to feed the growing population here and across the globe. As food insecurity is a global issue, we believe in the great potential of addressing it through partnerships such as this one. We’re grateful to SHV for supporting this project and believe that being part of the SHV group greatly enhances our ability to make a difference in pursuit of Nutreco’s purpose,” said Nutreco CEO Fulco van Lede. The Gishanda Fish Farm is the first project underNutreco and SHV announced that they have joined partnership with FoodTechAfrica and African Parks to promote sustainable aquaculture in Africa.

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