Tesco Launches Food Waste Crowdfunding Platform

untitled-464-2Tesco is calling for food waste entrepreneurs to join new crowdfunding platform, BackIt, which could bring their products to market.

Launched by Tesco, BackIt could help small businesses gain vital funding in order to bring their food waste-busting products to market.

Hannah McCollum, founder of ChicP, is the first food waste entrepreneur to join the platform, with her hummus made from wonky fruits and vegetables.

“Food waste is something that Tesco takes very seriously and is an issue that we have a responsibility to work together to solve. It’s businesses like ChicP that will help us do just that.”

ChicP (pictured) is one of five small businesses currently being supported through the scheme, which offers the chance to work with a large retailer and scale up ideas, as well as gain advice and from industry experts. The platform showcases new businesses and allows them to campaign for support from the public.

Tesco is now appealing for other food waste entrepreneurs to join the platform and gain funding for their product in a drive to help reduce food waste in the UK.

Michael Francis, Tesco Business Development Director said: “We are really excited to welcome ChicP to BackIt and to offer people the chance to support an innovative and brilliant food waste solving business.

“Food waste is something that Tesco takes very seriously and is an issue that we have a responsibility to work together to solve. It’s businesses like ChicP that will help us do just that.

“We are now looking for other brilliant food waste businesses to come forward and help us fight food waste. There’s room for many more on the platform and the BackIt team can offer you the help and support you need to bring your product to life.”

Hannah is seeking to raise £5,000 via BackIt to help grow ChicP further. Funding will enable her to create a great marketing campaign to help ChicP expand, increase sales and awareness.

Tesco has committed that no food that is safe for human consumption will go to waste in its UK stores by the end of 2017. It was the first retailer to publish third party assured food waste data.

To invest in ChicP, or to find out how you can get your own food waste busting business on to BackIt go to www.tesco.com/backit

Plastic Cotton Bud Waste

Tesco and Sainsbury’s have also committed to end the sale of cotton buds with plastic stems.

Both supermarkets will replace the plastic stick with paper by the end of 2017 in their own-brand products, according to reports by the Guardian today (1 December).

A spokesperson for Sainsbury’s said: “We have been working hard to improve this product. Our new cotton buds, with 100% biodegradable stems, will be available before the end of 2017.”

A Tesco’s spokesperson said: “We’re committed to ensuring all of our own label cotton bud products will be made with paper stems, and will do this by the end of 2017.”

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