WayCool will invest around Rs 2 million over 3 years in this association
WayCool Foods has signed a 3-year MoU with IIT Hyderabad (IIT-H) to develop antimicrobial food packaging material by using biopolymers. The MoU was signed and exchanged between Karthik Jayaraman, CEO, WayCool Foods and Sumohana Channappayya, Dean (R&D), IIT-H in Hyderabad.
The aim is to develop economically viable and biodegradable packaging that will retain the freshness of fruits and vegetables longer, leading to a reduction in food wastage across the supply chain by up to 20 per cent. This packing material will enhance the shelf life of mainstream fruits and vegetables such as okra, capsicum, Indian gooseberry, and guava as well as exotic produce such as strawberry and broccoli. WayCool will invest close to INR 2 million over a period of 3 years of this association.
Vignesh Kumar Manogaran, EVP, WayCool Foods, said, “From inception, WayCool Foods has been actively working towards reducing food wastage on multiple fronts. The association with IIT Hyderabad to co-develop a sustainable alternate packaging solution further supplements our in-house R&D and Innovation efforts. The collaboration will help us work closely with the bright minds of India’s premier institutions and strengthen industry-academia linkage.”
In the drive towards creating a social impact, WayCool has a farmer engagement program, Outgrow, that engages with farmers through the entire cultivation cycle, from planning to inputs to harvesting. In the process, WayCool helps to substantially increase farmer profitability, reduce risk, and guarantees 270 days of steady income to farmers by leveraging a host of emerging technologies to measure soil health, ensure quality of inputs, capture agricultural practices, and measure output quality.
During the MoU signing, Dr Mudrika Khandelwal, The Cellulose Group (Head), IIT Hyderabad said, “Biopolymer is an environment friendly food packaging material. We are happy to collaborate with WayCool Foods to develop this unique solution to enhance product shelf-life whilst also reducing the overall carbon footprint related to food packaging. It is important to devise ways to create uncompromised innovations that meet our sustainability goals while providing customer-focused solutions.”
