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Today: May 10, 2024
January 2, 2024
1 min read

Local VC firms swoop in on agriculture, food tech, ensuring global food security.

Indonesian venture capital (VC) firms are focusing their attention on agriculture and food start-ups in response to the global challenges of the El Niño climate phenomenon and increasing protectionism. The Association of Indonesian Venture Capital and Start-ups (Amvesindo) chairman, Eddi Danusaputro, stated that VC firms see agriculture, farming, fisheries, and related industries as potential investment targets in 2024. Danusaputro also noted the emergence of climate technology and energy tech start-ups in Indonesia, which reflects the broader trend of the impact of climate change on global food systems and the resulting hunger, malnutrition, and economic difficulties.

In response to the El Niño climate phenomenon and growing protectionism, local VC firms in Indonesia are shifting their investment focus towards agriculture and food start-ups. Eddi Danusaputro, chairman of the Association of Indonesian Venture Capital and Start-ups (Amvesindo), has highlighted the potential investment opportunities in agriculture, farming, fisheries, and related industries, encompassing the entire food supply chain. In particular, climate technology and energy tech start-ups are becoming increasingly important as they seek to address challenges caused by climate change and its impact on global food security.

The rise of agriculture and food start-ups in Indonesia is in direct response to the challenges posed by global food security. The El Niño climate phenomenon, combined with growing protectionism, is putting pressure on food supplies worldwide. These start-ups aim to address the issues of hunger, malnutrition, and economic stresses exacerbated by the impact of climate change on food systems. By investing in these start-ups, VC firms hope to support innovative solutions that can ensure a sustainable and secure food supply for Indonesia and the global community.

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