This episode focuses on an AI agri-tech startup aimed at helping the produce industry increase profitability and sustainability. David Kat discusses how Neolithics’ technology allows for non-destructive testing of fruits and vegetables to assess quality and taste without damaging the produce. The technology aims to align the interests of all players in the food value chain, significantly reducing waste, saving growers, distributors, and consumers money, and ensuring that high-quality produce reaches consumers.
“If you understand the quality of individual items in the food system, this can be leveraged all the way from the farm to your fridge at home.”
David Kat
What You’ll Learn
New technology: Neolithics® is an AI agri-tech company leveraging sophisticated food science and advanced technology to revolutionize the fresh produce industry, aiming to reduce food waste and ensure food safety and quality.
Issues: Food waste is a massive problem, with up to 40% of all food produced never being consumed, leading to significant economic and environmental impacts.
Benefits: Neolithics helps the fresh produce industry become more profitable and sustainable by non-destructively testing the quality and freshness of fruits and vegetables.
Impact: Aligning the incentives and data-sharing across the food supply chain, from farmers to retailers, is crucial to reducing waste and ensuring high-quality produce reaches consumers.
Topics Covered
What is Neolithics’ solution to increasing agricultural output? [1:48]
How does Neolithics’ method of determining freshness and flavor in produce differ from standard methods? [4:40]
How does Neolithics’ technology work? [9:01]
What is the impact of this new technology on each step of the value chain? [12:39]
Is there any other technology available that does what Neolithics does? [17:38]
What are the implications for the food industry with the use of this new technology? [21:06]
What is the biggest bottleneck to technology like this being widely used? [24:20]
VP Business Development, Neolithics | Amsterdam, Netherlands
Blake Hutchison has been at the helm of Flippa’s global operations for over five years, spearheading a transformative journey in the realm of mergers and acquisitions for online business owners worldwide. Passionate about creating value for customers, partners, and stakeholders alike, Blake is relentless in his pursuit of innovation and growth opportunities. His commitment extends beyond business success to fostering a culture of diversity, inclusion, and collaboration across Flippa’s global offices in Austin, Amsterdam, Melbourne, and Manila.
You’ve invested your blood, sweat, and tears into an enterprise that has provided for you, your family and your employees. The moment has finally come for you to start a new chapter in your life. Explore your options now.