Insects and Blockchain Win Big at the First Mekong AgriTech Challenge

Repost from Agfunder

Editor’s Note: Cal Foulner and William Taing are the cofounders of Beanstalk AgTech, an agriculture innovation practice based in Australia, bringing together startups, producers, and investors across the Asia Pacific.

The Mekong AgriTech Challenge (MATCh), the Mekong region’s first AgTech pitch competition and market access boot camp, launched for the first time last week.

The week-long program, focused on supporting local AgTech startups to scale and foreign companies to develop connections and strategies to enter the rapidly growing market, was the brain-child of Mekong Business Initiative (MBI) which is jointly funded by Asian Development Bank (ADB) and Australian Department of Foreign Affairs. When asked why they backed this approach to development, Dominic Mellor of ADB and head of MBI painted a picture of, “rapid population growth in the Asia-Pacific and technological advancement creating enormous and fast-growing market opportunities for the Mekong region to become a leading supplier of safe and nutritious food for all.” He continued, “ADB is therefore interested in scouting high potential agritech solutions that can be deployed and scaled for impact in emerging Asia-Pacific markets.”