FOOD & BIOAG TECH

BEEJ ACCELERATOR PROGRAM

FOR INDIA BRIEF OUTLINE
BEEJ
2021-2022
 CONTENT

Introduction Program brief

Macro trends and market opportunities Why partner with Beej

Verticals and sub-verticals of the program

 INTRODUCTION
ANTENNAE is launching a new program in Food and
BioAG called Beej.

This program will support Indian startups developing

innovative solutions in Food and Bio Agriculture.

We look for partners, investors, and corporates who share

same vision, ambition and willingness to participate.

In this presentation, we briefly outline macro trends,

program concept and the key benefits in doing it together.

If you'd like to further discuss it, please contact us for a

zoom call.
 BEEJ
Accelerator Program Introduction

Beej will launch a mid/late-stage Food and BioAG

Accelerator Program in India designed to support and
invest in leading Food and BioAg Technology startups
incorporated in India as well as (possibly) overseas startups
looking to access India's market as a launchpad.

The program will target startups that have developed and

ready to market commercial solutions, and are improving
formulation/R&D in preparation for mass production, and
are navigating early stages of scaling operations.

The accelerator program will be backed by Syndicated

Funding, which will deploy an average check size of USD
$500K to $1M in each participating startup.

The accelerator program will leverage the existing

curriculum, mentors, technology partners and acceleration
process developed by Brinc for food technology accelerator
programs in Hong Kong and Mainland China.
 THE CLOCK IS TICKING
An HBR study indicates that the global food demand is
expected to increase anywhere between 59% to 98% by
2050. This will shape agricultural markets and food
industries in ways we have never seen before.
Biotechnology is expected to play a key role in meeting the
growing demand and provide sustainable solutions.
 Macrotrends in Food & BioAG Tech
Farms and retailers that remain competitive in the future will reinvent their business models,
embrace digital technologies and collaborate closely with startups disrupting the industry.

Feeding the world and sustaining earthly resources will be the greatest challenge of the 21st
century. It will be impossible without scientific advancement in biotechnology

In EMDEs, significant levels of food loss

We will need to produce 70% occur throughout food value chains, The market for plant-based
more food by 2050 but owing to managerial and technical proteins alone could expand from
agriculture's share of global GDP limitations in harvesting, storage, $5 billion at present to $85 billion
has shrunk 3% this year, one third over the next decade, at a roughly
transportation, processing, packaging
its contribution just decades ago. 28% growth rate year-over-year.
and marketing.
Source: Oliver Wyman Source: UBS
Source: ATO
 Segments that support
Value Chain Segments
broader Agritech ecosystem

Market linkage-farm inputs

Digital marketplace and physical infrastructure to link farmers to inputs
Biotech
Research on plant/animal life sciences and genomics

Farming as a service
Farm equipment for rent on a pay-per-use basis
Precision agricuiture and farm management Use of geospatial/weather
data. 10T, sensors. robotics etc. to improve productivity: farm
management solutions for resource and Petit management. etc. Financial services Loans/credit
Farm mechanization and automation facilities for input procurement,
Industrial automation using machinery. toots and robots in seeding, equipment. etc. Insurance/
material nandling, harvesting, etc. reinsurance of crop
Farm infrastructure
Information platforms online
framing technologies such as green house systems. indoor/outdoor
platform for agronomic. pricing.
farming, drip irrigation, environmental control such as heating and
market info
ventilation
Quality management and traceability
Post-harvest produce handling, quality check, and analysis, produce
monitoring and traceability in storage and transportation
Supply chain tech and output market linkage
Digital platform and physical infrastructure to handle post-harvest supply
chain and connect farm output with the customers
 India’s food and agriculture pain points
Agriculture is one of the main sectors within the Indian Economy and the primary income generator for a majority
of Indian households. Yet, due to a combination of poor infrastructure, supply chain practices, and a reliance on
manual farming methods, India is unable to meet both local and international demands for agricultural output.

Urban population is projected to reach 36% of

Supply chain Market linkage
1
Increasing urban population and a move India's population by 2022"
towards healthier food patterns is driving a
Post harvest loss in India farmers are unable to Demand for nutritious food like fruits and
change in consumer dynamics vegetables is on a rise (share has increased
amounts to USS13 billion get fair price due to from 24% in 2012 to 30% in 2018)12
limited sales channels
More than 40% food gets wasted before

2
Supply chain improvements and efficiencies reaching the consumer due to supply chain
can he lower food wastage and improve intermediaries13
Land degradation Digital infrastructure productivity for farmers Establishing market linkages can lead to an
increase of 8%-10% in farmers' income
Farmers are not educated Data and digital records of
enough to use fertilizers transactions limited across Every 1 degree centigrade rise in

3
efficiently, leading to the agriculture value chain Climate-resilient technology and data-driven temperature could result in a loss of 4-5
MMT in wheat productio14
weather forecasts can help combat climate
worsening soil quality change and drive efficiencies This can further result in a drop of 15%48% in
annual agriculture income and can be up to
20%-25% for unirrigated areas

Financial services
Declining groundwater and erratic rainfall
Lack of adequate data

4
Data-driven precision techniques in patterns necessitate use of data-driven
technologies
prevents the adoption of agriculture can drive efficiencies in resource
utilization Groundwater in India has declined 61%
financial services, such as between 2007-2017 15
credit and insurance
Pain-Point vs Market Potential
The accelerator program will be designed to provide startups with the right support, at
the right time, from the right people to increase the likelihood of success across all
stages of the startup lifecycle.

AGRITECH MARKET
PAIN-POINT SEGMENT PONTENTIAL

Volatility in input prices; sub-

Market linkages - farm inputs US$1.7b
optimal input selection

Limited access to technology for Precision agriculture and farm

US$3.4b
efficient cropping management

Uneven quality and lack of large Quality management and

US$3.0b
scale testing traceability

Inefficient post-harvest supply Supply chain tech and output

US$12.0b
chain market linkages

Lack of access to financial

Financial services US$4.1b
solutions
 Agri Food Categories
Ag Biotechnology
On-Farm inputs for crop & animal ag including genetics, Ag Biotechnology
microbiome, breeding, animal health. Cultured meat, novel ingredients, plant-based proteins.

Agribusiness Marketplaces In-Store Retail & Restaurant Tech

Commodities trading platforms,online input procurement, shelf-stacking robots, 3D food printers, POS systems, food
equipment leasing waste monitoring IoT

Bioenergy & Biomaterial Restaurant Marketplaces

Non-food extraction & processing ,feedstock Online tech platforms delivering food from a wide range of
technology,cannabis pharmaceuticals vendors.

Farm Management Software, Sensing & IoT eGrocery

Ag data capturing devices, decisions support software Online stores and marketplaces for sale & delivery of
processed & un-processed ag products to consumer.
Farm Robotics, Mechanization & Equipment Home & Cooking Tech
On-farm machinery, automation, drone manufacturers, grow Smart kitchen appliances, nutrition technologies, food
equipment. testing devices.

Midstream Technologies Online Restaurants & Meal Kits

Food safety & traceability tech, logistics & transport, Startups offering culinary meals and sending pre-portioned
processing tech. ingredients to cook at home.

Novel Farming Systems UPSTREAM

Indoor farms, aquaculture, insect, & algae production. Cloud Retail Infrastructure
On-demand enabling tech,
ghost kitchens, last mile delivery DOWNUPSTREAM
Miscellaneous eg. robots & services
Fintech for farmers BOTH
WHY INDIA for
BIOTECH?
Biotechnology sector is recognized as one of the key drivers
for contributing to India's USD 5 Trillion economy target by
2024.

Indian Biotechnology sector is poised to grow exponentially

over the next decade. Policy initiatives of Government of
India (GoI) such as the Make in India program are aimed to
develop India as a world-class Biotechnology and Bio-
manufacturing hub.
 Biosensors Big Data Nanomedicine
With advancements in biosensors. gene sequencing and editing, Uses nanotechnology, such as nanorobots, biological devices
Using biological components as sensors, biosensors can
BtoTech generates an unprecedented amount of data. Big Data and machines to conduct precise medical treatment,
measure analytes such as organic compounds and bacteria
technology is crucial for making sense & creating values from this microsurgeries, and deliver drugs. ,u nanorobots deliver small
with great precision. biosensors measure a much wider
data. # generates a better understanding of basic biological doses of drugs or treatment precisely to where they are
spectrum of analytes than normal wearables # with advanced
mechanisms # recognizes large-scale patterns and makes needed # perform microsurgeries and repair damaged tissues
microelectronics, blosensors can deliver its data to physicians
predictions # accelerates data collection and analysis with lower in the brain and other hard-to-reach organs • provide ways of
in real-time # greatly improve quantity and quality of medical •
costs In a variety of medical areas, Including: genome and RNA delivery for gene therapy and tissue engineering
sequence, gene expression, medical trial, and public health

Synthetic Biology & metabolic

Mixed Reality (AR/VR)
Projects detailed interactive 3D imagery/model in a virtual
Engineering
Combines advanced disciplines of biology and engineering (such
environment (VR) or in real world (AR). It simulates not only
as genetic and metabolic engineering) to design and construct
intcractrve holograms of human body and organs, but also their
biological modules. systems or machines. ir increases in the
reaction to treatment in real-time.
production of chemicals, fuels, and materials from renewable
close-to-reality simulation of organ function, circulation or
biomass # constructs new biological parts, devices & systems &
treatment to inform patients and educate medical students
the remodelling of natural biological systems # creates synthetic
simulates surgery in ARNR to improve training 1 improves accuracy
meat to reduce animal suffering and reduce greenhouse gas
and speed of surgent during operation by providing precise
production
information, such as angles and positions of equipment

3D Gene Editing
Tissue Engineering Bioprinting Using biological components
Artificial Intelligence(AI)
Using biological components
as sensors, biosch wider
Uses bioengineering and biochemical methods to improve as sensors, biosch wider The medical field generates a large amount of data both on
spectrum of analytes than
and replace biological tissues. 0 regenerates or improves skin, spectrum of analytes than research, diseases and treatment. Al helps with data analysis
normal wearables # with
bones and muscles stem cells could be used to repair and normal wearables # with and to develop prognosis, a utilizes deep learning to discover
advanced microelectronics,
replace damaged tissues and even organs a creates biosensor advanced microelectronics, new drugs and to detect anomalies in biosensor data I utilizes
blosensors can deliver its data
and tissue chips for detecting biological/chemical/toxic threat blosensors can deliver its data big data to recommend better treatment plans
to physicians in real-time #
agents to physicians in real-time #
greatly improve quantity and
greatly improve quantity and
quality of medical •
quality of medical •
 BioAG TECH

QUANTUM BIOLOGY
BIO MANUFACTURING
PRECISION AGRICULTURE /
SENSOR TECHNOLOGIES
DRONES & ROBOTICS
FOODTECH LOGISTICS & SUPPLY CHAIN

FOOD WASTE FOOD

SECURITY ALTERNATIVE
PROTEINS NOVEL
INGREDIENTS CELLULAR
AGRICULTURE PACKAGING
INNOVATION
PROGRAM
Program/Investment thesis: FOOD & BIOAG

Minimum acceptance criteria for mid stage startups:

ARR: 100K+ USD or MRR: 10-15K USD and 150K+ USD in LOIs and are

OVERVIEW ready to scale; with a valuation of 5-10M USD

Focus of the program support:

1. R&D and Certification assistance
2. Commercial development/Market access
3. Investor connect locally/Internationally
Average ticket size 500K-1M + USD

Equity for Brinc: 1.5-2%

Program fees for startups: 30-50k

Program design fees: 25-30K USD

Cohort size: 3-7 / year or on a rolling basis (with a minimum of 3

teams)
 Program Objective
PROGRAM VALUE ADD
The program will be designed for Food and BioAgriTech startups that have established product market fit and are
looking for opportunities for commercialization and scaling.

OBJECTIVES R&D / CERTIFICATION COMMERCIALIZATION FUNDRAISING

Access to Antennae’s
The program has 3 main Education around Food and Facilitating market access
investor network.
objectives: BioAG technologies, R&D and distribution
Investor matchmaking to
Focus on and certification. opportunities in India.
drive follow on opportunities
commercialization and Certification and regulatory Commercial matchmaking &
Investor pitch sessions
distribution opportunities requirements meeting facilitation
Cash flow / financial
in India and globally Nutrition and toxicity Support with commercial
modeling
Assisting with follow on Introductions to relevant negotiations and BD
Data room and reporting
investment during and vendors for development Help startups define market
post-program support entry/expansion strategy
Connecting startups with Quotation negotiation Advising on investment
India's Food and BioAG support opportunities
ecosystem Understanding production
costs

Startups can also engage with Antennae’s Services Division for any supply chain and sourcing
needs.
Factory Sourcing, RFQ Management, Manufacturing Set Up & Management
 Program Development Process
–our multi-phase approach
3+3 month accelerator program
Define Investment thesis Create a press release, Applications review focused on technical and R&D
Define startup profile website landing page, social Ramp up phase (extended feasibility, market access,
seeking to engage (maturity, media tiles, and all DD) commercialization and financial
valuation, region, etc.) marketing collateral for Investment Committee calls planning
Define program activities, program announcement with all top candidates Fully tailored, hands-on
objectives & R&R among all and scouting Extended due diligence and curriculum
parties Open and manage Program final selection of startups to • Pilot / POC scoping and
Designing curriculum and Applications accept into the program proposal development based
content around major Multi-channel scouting Negotiate and sign all on corporate needs
program objectives approach to proactive program investment and Access to Antennae’s global
identify startups of interest legal documents mentor and vendor network
Hire and train resources to Demo Day to highlight progress
support new program and secure follow on
execution investment from investors
Startup perks package worth
over $250,000 USD in program
partner discounts & services
Vineyard Worker Vineyard Worker

INVESTMENT THESIS
MARKETING & DEAL DUE DILIGENCE & PROGRAM
& PROGRAM
SOURCING RAMP UP EXECUTION
DEFINITION
 Pontential Program Structure
The accelerator program will be designed to provide startups with the right support, at
the right time, from the right people to increase the likelihood of success across all
stages of the startup lifecycle.

APPLICATION
PRELIMINA REVIEW
RY DUE EXTENDED DUE FULL
POC MANAGEMENT STEADY STATE
AND DDD ICALLS
LIGENCE DILIGENCE ACCELERATION

APPLICATION REVIEW 1 MONTH PRE- 3+3 MONTH FULL POC EXECUTIONAL SUSTAINED
AND DD CALLS ACCELERATION ACCELERATION SUPPORT SUPPOR

Rigorous review of applications

by all members of the Hands-on, education-based Fully tailored, hands-on Identify and scope POC Lifecycle approach for long term
investment committee sprint curriculum for each team along opportunities support and value creation
Follow up calls with top 30% of Focus on technical feasibility, with office hours Startup executes on the POC
applicants business viability and market Community of founders and according to engagement terms
desirability mentors Optional support provided by
Extended due diligence on Investor network access Brinc to help manage and de-
teams corporate network risk POC delivery
50-65% of teams pass this Advisory provided by corporate
extended due diligence experts
Perks package
 BEEJ
THANK YOU
We look forward to collaborations and
partnerships.