Startups generally seek various support including capital, professional and technical advice, managerial expertise and so on. A Hong Kong-based venture capital firm, The Mills Fabrica, focused on accelerating techstyle and agrifood tech innovations through its venture capital fund and incubation programme. Cintia Nunes, General Manager and Head of Asia of The Mills Fabrica. shares how investors identify and measure foodtech companies’ potentials.
The European Commission announced last month that the EU Council, representative of the Member States, has officially approved a proposed ban on bisphenol-A (BPA) in food contact materials, set to take effect in 2026. Some transition periods will extend towards the end of the decade. The Commission noted that "limited exceptions where there are no available safe alternatives and transition periods will apply," provided they do not pose a risk to consumers.
The U.S. Food and Drug Administration is revoking effective from 2 August its authorisation for the use of brominated vegetable oil in food. The agency states that this action is being taken because there is no longer a reasonable certainty of no harm from the continued use of BVO in food.
Alongside a keen demand for high-quality imports, another rising trend of consumption has emerged in mainland China in recent years – one characterised by sentiments like “patriotism” and “chinoiserie”. The growing appreciation of traditional Chinese culture has led to a steady rise in the visibility of and market attention towards Chinese products.
Dysphagia is one common health issue faced by the elderly. Hong Kong company Senior Deli is using patented technology to soften food while retaining its original appearance. Senior Deli’s food products allow people with difficulty in chewing and swallowing to eat with greater safety and dignity, and even regain pleasure in eating. HKTDC Research interviewed Senior Deli to understand the potential of the soft meal technology and market.
A petition filed on 5 June alleges that vanillin from mainland China is being sold at less than fair value in the U.S. and benefiting from countervailable subsidies. The alleged average dumping margins range from 520.08 percent to 551.06 percent.