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Sign upToucan Solutions
A web-based platform to support food and material waste up-cycling
01.
Identification
The solution targets food and textile surpluses that can be transformed into solutions. The current focus is to avoid food waste, that amount to an estimated 40% of total food produced, generates GHG emissions, diverse pollutions and costs a lot of money to local governments for being produced and not eaten. A large portion of this can easily be consumed as is or can be up-cycled. The solution is a web-based platform that collects the information, allocates volumes to a network, pools purchases for more efficient purchasing and lower prices, facilitates inventory management and logistics and ensures accurate reporting to save a lot of time for users. Working with all actors in the food chain (producer, transformation company to local charity), this business model supports the entire food value chain, which is also intended at helping transform start-ups to be more efficient at a limited cost.
Label Date
February 8, 2021
From
Canada
Maturity stage
Medium and large scale commercialization
Looking For
New clients, Visibility, Partners, Credibility, Network, Funding
02.
The environmental benefits
- •Since April 1st 2020, over 25M$ equivalent of food surpluses have been transacted through Toucan, 490000 boxes, representing 3 800 000 kg of food
- •The solution designed to be interconnected with other IT solutions in order to improve efficiency in inventory management, transportation systems, market places, online payment Technologies.
- •40% food waste reduction at food producing companies by up-cycling surpluses.
- •40% less GHG emissions from food waste.
- •25% less impact from the food that would be purchased by people in need or charity centers if that increased volume was wasted.
03.
The Financial benefits
- •Over 30,000$/year saved by the main partner organization by freeing human resources from excel, email and data management tasks.
- •20% increase in food donations leads to a reduction in purchasing expenses at food banks on average by 10 000$/year for a regional hub of food banks.
- •Potential saving of 80% of food waste costs for a food company (waste management contractor services, donation tax returns and indirectly increases employee engagement gains).
05.
Company Profile
Toucan Solutions
Our IT solutions connect actors of the food industry and food security to make sure surpluses are used smartly
View company profile Solution website
Headquarters
Montreal, QC H2J 2V4, Canada
06.
Networking Partner
International Cleantech Network
The International Cleantech Network (ICN) is a global network of 13 cleantech clusters on the international forefront of providing innovative and sustainable solutions to meet the growing demand for green technologies.
View partner profile
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Related Topics
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The information set out above, is solely for the purposes of information and the Solar Impulse Foundation does not provide any guarantee as to its authenticity, completeness or accuracy. This information does not constitute investment advice or a recommendation to buy into, transact or to enter into any agreement with any of the parties or persons mentioned above. Potential investors or interested parties are solely responsible for their investment or business decisions and for performing any due diligence required by the circumstances. The innovator Toucan Solutions has asserted ownership of the intellectual property rights for images, videos, and content showcased above, affirming full and unrestricted usage rights, and has provided explicit permission for the Solar Impulse Foundation to publish such information designated as "public" in the application form.