Global temperature-controlled warehouse REIT, Lineage, has announced the details of its flagship competition, the Food Chain Innovation Challenge.
At events in London, Amsterdam and San Francisco, participants will be asked to pitch their existing ideas across four specific areas – reducing food waste, food preservation techniques, access to nutritious food and data-driven insights and analytics.
“Lineage is constantly looking at how we improve the global management of food storage, transportation and distribution,” said Lineage President and CEO, Greg Lehmkuhl. “Beyond our own operational improvements, the Food Chain Innovation Challenge is a platform for us to support the industry’s most promising talent and innovations. By collaborating, we can develop solutions that not only address food waste but also promote sustainable practices for the long term.”
Judges will select a regional winner, who will be awarded a $5,000 cash prize and a spot in the grand final event on December 2. One winner will then be chosen to receive the $50,000 grand prize and an invite into a six-month, executive-led incubator program tailored to their unique business goals.
The challenge of creating solutions for food waste comes at a critical time, as the severely food-insecure population is expected to hit nearly a billion people by 2028.
“Despite producing enough food to feed the planet, hundreds of millions of people face food insecurity every day,” said Global Chief Operations Officer, Jeff Rivera. “At Lineage, we’re dedicated to transforming the food supply chain to eliminate waste and feed the world. The Food Chain Innovation Challenge exemplifies this mission, and we’re excited to highlight new solutions and innovations while supporting these entrepreneurs’ journeys to turn their ideas into reality.”
Students, startups and other relevant candidates are encouraged to submit their applications online before September 30.
Read about last year’s winner here.