Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

OneCrop gets seed funding from Future Food Asia competition

ImpactAlpha, May 29 – Agriculture uses about 70% of the world’s fresh water and wastes much of it through evaporation and other irrigation system inefficiencies.

Brighton, Australia-based startup OneCrop makes a film that farmers lay on top of soil where crops are planted. The film, which is biodegradable, cuts water use and promotes crop growth by raising soil temperature and locking in moisture. The film works with a variety of crops and soil types, reduces water requirements by about 12% and improves yields, OneCrop says.

  • Future food… OneCrop is getting $100,000 from the Future Food Asia Award, a competition for sustainable food and agriculture tech startups hosted by Singapore-based venture capital firm ID Capital.
  • The runners up… Four other startups that participated in the competition—Singapore’s Alchemy Foodtech, India’s FIB-SOL Life Technologies, Korea’s PureSpace, and China’s Shenzhen Qianhai Xiaozao Technology—will share $50,000 in grant funding from Singapore’s business development agency, SPRING.

ID Capital launched Future Food Asia last year to support startups in Asia. “The agritech and foodtech landscape is very fragmented in Asia Pacific. There are very few VC funds that invest in these sorts of businesses,” founder Isabelle Decitre said.

You might also like...