Our co-founder and CTO, Verleen Goh, was named Nutrachampion 2021 by NutraIngredients Asia, for her contributions that has driven change in the the industry. It is an honour to be recognised for the company’s work in “Empowering Healthier Meals” through our flagship product, Alchemy Fibre™ and Verleen, together with her food science team are continuing their food innovation work that can make an even stronger health impact in Singapore and the region in time to come.
We were proud yet humbled to be one of the winners in the Business China Startup Pitching Challenge. The year, 2021, marks the 30th anniversary of ASEAN-China dialogue relations, and it is great to hear reflections from Minister Chan Chun Sing on how Singapore can continue to deepen cooperation with China going forward, amidst changing mega-trends and disruptive forces. As a start-up looking to venture to China, forums like these provide insights and open doors. We were also thankful for the opportunities to share about Alchemy Fibre™ to attendees at the event.
We emerged as a Top 15 finalist in the FoodBytes! By Rabobank Pitch 2020, and Top 5 in the Food Tech category from a cohort of 45 startups that were selected from an original field of nearly 340 applications from all around the world. FoodBytes! Pitch is Rabobank’s global food and agri startup discovery program that helps entrepreneurs scale their impact through mentorship and connections to corporate leaders and investors, who in turn gain access to a vetted pipeline of startups aligned with their innovation goals.
Alchemy Foodtech was ranked 126 out of 500 in the 2020’s FoodTech 500 List (powered by Forward Fooding) out of a total of over 1200 entries. Inspired by the Fortune 500, the list is labelled as the Fortune 500 of Agrifoodtech and is the world’s first definitive list of the global entrepreneurial talent at the intersection between food, technology, and sustainability. Broadly speaking, the ranking is determined based on three criteria: business size, digital footprint and sustainability.
Organised by the New Entrepreneurs Foundation in 2015, the ASEAN Rice Bowl Startup Awards 2019 celebrates the spirit of innovation and entrepreneurship in the Southeast Asian startup ecosystem. We were awarded the title of Best Foodtech / Agritech Startup. During the program, we were honoured to have met a dynamic community of startup enthusiasts, serial entrepreneurs, policymakers, and diverse mentors in tech innovation.
We emerged as a Top 15 Finalist at Emerging Enterprise 2019, an award that is jointly organised by The Business Times and OCBC. It celebrates promising young businesses with annual sales turnover of up to $20 million which are outstanding in their respective fields. We had the opportunity to attend the gala dinner and award ceremony at the Raffles Hotel, and our award was presented to us by Senior Minister of State for Trade and Industry and Education Mr Chee Hong Tat. We also received a special mention by Mr Chee during his speech.
THAIFEX-World of Food Asia trade show was held from 28 May to 1 June 2019 in Bangkok (Thailand) and is known to be the most important food and beverage fair in Asia. Our proprietary GI-lowering solution, 5ibrePlus, was the Winner of the Thaifex Innovation Awards 2019. The exposure we achieved at THAIFEX-World of Food Asia was phenomenal. The networking session provided a great platform for us to present our innovative food technology solution to combat diabetes to an international audience of media, buyers and potential investors. We hope our participation at THAIFEX-World of Food Asia will be a springboard for us to help improve food and nutrition in the region, and across the world.
At the 2019 Agfunder Innovation Awards during the ReThink Innovation Week in San Francisco, we clinched the title of Most Innovative International Startup Pre-Series A and we are proud to have competed alongside other foodtech giants such as Impossible Foods.
We were selected as one of the Top 100 global start-ups by Alibaba’s Jumpstarter 2019 event held in Hong Kong.
As the only winners from Singapore of Pitch@Palace ASEAN 2018 back in June, we were invited to pitch at St James’ and Buckingham Palace in London at Pitch@Palace Global. Pitch@Palace Global is the global platform for entrepreneurs to access mentors and advisers, distribution systems and supply chains, connections, and investment. It helps entrepreneurs and audiences build access and connectivity globally by helping them to access new markets and find new partners and investors, building prosperity and creating jobs.
We were crowned as the Champion of the Start JLM Competition in Singapore (presented by the Embassy of Israel in Singapore). Start Jerusalem (JLM) is a competition which brings together innovative, founders of early-stage start-ups from around the world to explore and experience Jerusalem’s startup ecosystem. Through the program, we had the opportunity to network with prominent local tech leaders through interactive fireside chats and panels, workshops, and site visits at leading companies with the city’s start-up community.
SLINGSHOT@SWITCH powered by Startup SG (SLINGSHOT) was a big one for us, in which we emerged as the 2018 Champion out of 1300 global startups coming from more than 80 countries. We were awarded the grand prize of S$200,000 Startup SG grant that was presented by Mr Peter Ong, the Chairman of Enterprise Singapore. We also scored an attractive prize package including landing programmes, and office space at the JTC Launchpads. The panel of judges comprised venture firms and multinational corporates, including B Capital Group, Golden Gate Ventures, Mistletoe and Vertex Ventures, Bayer, Changi Airport Group, DBS, Google, L’Oréal, P&G, PSA, and Shell.
We were awarded the TECS (now renamed as StartupSG Tech) Proof of Concept from SPRING Singapore (now known as Enterprise Singapore).
We were granted the TECS (now renamed as StartupSG Tech) Proof of Value from SPRING Singapore (now known as Enterprise Singapore). The total value of both the Proof of Concept stage (in 2015) and the Proof of Value stage amounts to S$750K.