iinu

Smart, Kitchen, Tech

Helping professional restaurateurs track and organise their food inventory

Use Case

Over 30% of food service outlets’ revenue goes towards food cost yet chefs/managers lack the information to help them take informed actions. Best practices and regulations also mean a great deal of manual energy is spent food labelling, stocktaking and ordering supply in the kitchen.As chefs prepare food, our label printer quickly produces standardised food labels with name, expiry date and allergen. As each labels are coded, inventory checking can now be done via our wireless scanner and store the latest stock quantity in the cloud, accessible anywhere anytime. This way we dramatically cut their time spent and human error whilst offering actionable insights from the real-time inventory report. Together we make professional kitchens more productive, data-driven and less wasteful.

Potential

The food service industry is the biggest industry in the world, unfortunately it is also one of the most manual and inefficient. Vast resources are squandered through unproductive processes and few players have succeeded in changing the status quo. A key reason for low tech adoption in professional kitchens is the behaviour barrier, we are introducing tech indirectly by streamlining existing manual processes and gather data as a side-product, we then package them into useful information to the user. Unlike competitors, we are simple-to-use, feature-rich, non-disruptive and affordable. We will also be able to gather vast quantities of food usage information in the food service industry like never before, thus enabling unprecedented analysis and speed up improvements across the operation.

Business Case

We will run a SaaS business model with monthly subscription priced at £50/month. The entire hardware cost will be taken as deposit (£200). Our early pilot who runs a chain of 3 food service outlets already expressed willingness to pay. We have identified there are 30k potential target audience in the UK and over 600k addressable market in Western Europe.

Objectives:

  1. Food services’ waste account for over 10% of total food waste, we want to help professionals cut food waste and inspire the public
  2. Our future is in the smart city where everything is connected, we want to be a key link in the future smart city via our food data
  3. We will be the first to gather restaurant food usage data on a vast scale, enabling unprecedented improvements across the food chain

Team iinu

London, United Kingdom of Great Britain and Northern Ireland

Our Team

  • Ping Shen U of Oxford, United Kingdom of Great Britain and Northern Ireland
  • Jiajun Tan Imperial College London, United Kingdom of Great Britain and Northern Ireland
  • , Tuvalu
  • Chetan Bhatt Imperial College London , United Kingdom of Great Britain and Northern Ireland

Reborn - we are iinu!! As in i-knew!! / Published March 17, 2017 by Jiajun Tan

Reborn - we are iinu!! As in i-knew!!

http://www.iinu.co.uk

After months of brainstorm, design works and creative magic, we are now officially reborn as iinu! Pronounced i-knew. Visit our brand new website www.iinu.co.uk and learn more about us JJ, Chetan, Ping, Alex

PantryAce in Kick-start Accelerator / Published January 16, 2017 by Ping Shen

PantryAce in Kick-start Accelerator

http://kickstart-accelerator.com/startups/

PantryAce is proud to be selected as one of the Kick-start Accelerator Finalists 2016, and now we are looking forward to joining TFF challenge.

Welcome to our Website / Published January 14, 2017 by Ping Shen

Welcome to our Website

http://www.pantryace.com

PantryAce is pleased to invite you to visit our website! If you have any suggestion or question, feel free to let us know and we are happy to answer your query.

Flowchart of the processes on the supply chain / Published January 11, 2017 by Ping Shen

Flowchart of the processes on the supply chain

'Food waste is a major environmental issue and happens mainly at the last stages of the supply chain (retail and consumption phase).

Take bread consumption in UK for example, huge loss takes place in the retail and consumption phase in developed countries due to consumer behaviour.'[1]

PantryAce aims to provide a simple, digital solution that optimises the food usage in the professional kitchen in order to reduce food waste.

[1] A. Velduis., A, Yang, Local food processing & the food-energy-water nexus: an integrative view, 2016, University of Oxford

Follow us on Twitter! / Published January 11, 2017 by Ping Shen

Follow us on Twitter!

https://twitter.com/PantryAce

PantryAce now has 13k likes, 3970 followers and more than 6470 tweets!

Our Mission

Our vision is a smart, connected, sustainable future where we best utilise our worldly resources. For us this future begins in the heart of the food service industry - professional kitchens. Over 30% of a typical restaurants' revenue goes towards food yet there's a huge vacuum of information about its food usage, waste, safety and cost. As a team of scientists, engineer with experiences in business and finance, we believe our broad complimentary skills should best be served to tackle the biggest problems. As a group of food lovers, we also believe in doing something you are passionate for. Combining the two, it became clear that our mission is to bridge the technological gap in food services with the latest tools and big data, bringing unprecedented transparency over food usage, waste, safety and cost. We see the food service industry as the leading force in shifting public attitude towards a smarter, more sustainable, safer future of food too.

Our Background

We are a trio of friendly scientists and engineer from Imperial College London. As we ventured onto separate paths after graduation, Ping pursuing PhD at Oxford, JJ in investment banking and Chetan in teaching, what kept us together is the vision of making a positive impact in this world and a deep love for food. Chetan was planning on opening his own restaurant, JJ was spending his weekend in one of London's upcoming restaurant's kitchen as a junior chef and Ping was busy trying to figure out how to reduce food waste at home. It is only natural that when we came together, we focused on one of the biggest challenges humanity is facing - food. With our business experiences, we know to truly solve problems it must be a sustainable enterprise. After founding PantryAce, we were accepted onto two major international accelerators and secured early adopters. With their feedback, we are busy working on our next iteration to achieve our vision of a better, more sustainable, greener future.

Reborn - we are iinu!! As in i-knew!! / Published March 17, 2017 by Jiajun Tan

Reborn - we are iinu!! As in i-knew!!

http://www.iinu.co.uk

After months of brainstorm, design works and creative magic, we are now officially reborn as iinu! Pronounced i-knew. Visit our brand new website www.iinu.co.uk and learn more about us JJ, Chetan, Ping, Alex

PantryAce in Kick-start Accelerator / Published January 16, 2017 by Ping Shen

PantryAce in Kick-start Accelerator

http://kickstart-accelerator.com/startups/

PantryAce is proud to be selected as one of the Kick-start Accelerator Finalists 2016, and now we are looking forward to joining TFF challenge.

Welcome to our Website / Published January 14, 2017 by Ping Shen

Welcome to our Website

http://www.pantryace.com

PantryAce is pleased to invite you to visit our website! If you have any suggestion or question, feel free to let us know and we are happy to answer your query.

Flowchart of the processes on the supply chain / Published January 11, 2017 by Ping Shen

Flowchart of the processes on the supply chain

'Food waste is a major environmental issue and happens mainly at the last stages of the supply chain (retail and consumption phase).

Take bread consumption in UK for example, huge loss takes place in the retail and consumption phase in developed countries due to consumer behaviour.'[1]

PantryAce aims to provide a simple, digital solution that optimises the food usage in the professional kitchen in order to reduce food waste.

[1] A. Velduis., A, Yang, Local food processing & the food-energy-water nexus: an integrative view, 2016, University of Oxford

Follow us on Twitter! / Published January 11, 2017 by Ping Shen

Follow us on Twitter!

https://twitter.com/PantryAce

PantryAce now has 13k likes, 3970 followers and more than 6470 tweets!

Our Team

  • Ping Shen U of Oxford, United Kingdom of Great Britain and Northern Ireland
  • Jiajun Tan Imperial College London, United Kingdom of Great Britain and Northern Ireland
  • , Tuvalu
  • Chetan Bhatt Imperial College London , United Kingdom of Great Britain and Northern Ireland

Our Mission

Our vision is a smart, connected, sustainable future where we best utilise our worldly resources. For us this future begins in the heart of the food service industry ...Read More

Our Background

We are a trio of friendly scientists and engineer from Imperial College London. As we ventured onto separate paths after graduation, Ping pursuing PhD at Oxford, JJ in ...Read More

The information contained here represents student project ideas developed as the result of brainstorming activities during Round 1 of the TFF Challenge. It does not represent any final business plans or commercial products.