Funding Available For Food Waste Projects From “Impact Investor”

The charitable arm of a venture fund focused on “impact investment” is conducting a search for fundable projects that address America’s food waste crisis. The Closed Loop Foundation says there are a lot of innovative solutions to food waste that lack capital to get off the ground. Proposals for funding can be submitted on the foundation’s website by individuals or groups with food waste ideas until August 12. Grants and loans will range from $25,000 to $50,000. The Fund typically awards no-interest loans to cities and municipalities and low-interest loans to businesses. The Closed Loop Fund is a social impact fund investing $100 million to support recycling of products and packaging. It is primarily sponsored by the Walmart Foundation.