AFIC combines the functions of a funding and innovation centre to develop solutions ready for real-world application.
It emphasises hands-on collaboration, bringing to technologies, companies and partners to address complex challenges across sectors such as food, energy and climate.
“Investors have long chased smart ideas and brilliant founders. But our world’s biggest challenges no longer exist in silos,” said Keith Loo, Co-Founder and Managing Partner of Alternate Futures.
“Real impact comes from connecting innovations that work together to solve systemic problems. That’s why Alternate Futures exists. We’re here to integrate ideas into collective solutions that truly move the needle,” he told AgTechNavigator.
The launch of Alternate Futures was announced in Singapore on Sunday, November 3 as a strategic alliance with Singapore-based Agrifood Futures, the accelerator associated with Australia-based Farmers2Founders (F2F).
Together, these partners form a connected ecosystem of innovation enterprises headquartered in Singapore and Australia, led by Joshua Soo, Dr Christine Pitt and Skye Raward.
Filling in a ‘critical’ gap
This alliance allows AFIC to collaborate across borders, combining deep regional expertise and market access to accelerate the commercialisation and scaling of agrifood and climate innovations.
“This alliance brings together three complementary forces: investment, innovation and impact. By linking Alternate Futures with our global ecosystem, we’re unlocking capital, capability and markets to enable solutions that regenerate entire systems, not just individual sectors,” said Soo.
Speaking to this publication, Soo said AFIC fills a critical gap between innovation and real-world impact
“At Agrifood Futures, we’ve been working to close both the financing and adoption gaps in agrifood innovation. In exploring different ways to mobilise capital to scale solutions, we realised that technology can only go so far without the infrastructure and market environment to support adoption,” said the co-founder and director of Agrifood Futures.
“That’s why we formed the alliance to create Alternate Futures. It is to bridge that divide by connecting investment, innovation, and implementation so new solutions can take root and scale for real industry impact.”
Loo added: “The world doesn’t need another green fund. It needs a new kind of architecture for innovation. Our goal isn’t to pick winners. It’s to build systems that work, where technologies reinforce one another and drive scalable, measurable impact.”
AFIC to launch first fund
Moving forward, Alternate Futures will be raising a new fund to back founders working across agri-food, materials, energy and data infrastructure, the four pillars of a regenerative economy.
“Our immediate focus is on mobilising mission-aligned capital and launching our first fund. We’re also partnering with corporates ready to take an integrated, technology-driven approach to solving complex sustainability and agrifood challenges. Through our flagship innovation programs, we aim to turn good ideas into lasting impact. Essentially, building systems, not silos,” said Loo.
Soo added that AFIC was looking to engage partners who can help translate its goals into tangible outcomes.
“This alliance brings together three complementary forces: investment, innovation and impact. By linking Alternate Futures with our global ecosystem, we’re unlocking capital, capability and markets to enable solutions that regenerate entire systems, not just individual sectors.”
The fund will support groups of startups, technologies and financing models that can work together to develop practical solutions aimed at driving progress across South East Asia.
