ImpactAlpha, September 12 – New York-based non-profit organization FoodShot Global supports a network of entrepreneurs and researchers tackling problems in food and agriculture systems worldwide. Its latest initiative will pool $30 million in investment capital from investors, philanthropic organizations, universities and industry for “breakthrough solutions that create the new soil operating system.” Partners on board for the launch include Rabobank, the Rockefeller Foundation, Generation Investment Management, UC Davis Innovation Institute for Food and Health, and the Soil Health Institute.
FoodShot’s investment platform is being rolled out alongside its third annual food systems “challenge,” which focuses on soil health and restoration. Ten million dollars in equity investments and $20 million in debt will be committed to research and business ideas that aim to undo the harmful and unsustainable impacts of chemical-based and industrialized farming. FoodShot calls it “Soil 3.0.”
Additionally, more than $500,000 in grant capital will be given to food system researchers, early startups and advocates.
Applications for the Soil 3.0 challenge are being accepted until December 1. FoodShot is looking to replicate the investment funding alongside its food challenge annually.