Our Story
RipeTime arose from the vision of a technology for ultra-high sensitivity and an amazingly cost efficient measurement of fresh produce, to drive a new level of expectation in the food waste problem, a detrimental presence across the whole primary sector.
Innovators; a New Zealand company, researched the opportunity, the science and the approach to the detection of Ethylene in the produce sector. It was through a relationship with Auckland University of Technology (AUT) and an under-graduate study that lead Jon Lowy and the team at Innovators to start the development of RipeTime.
In October 2015, RipeTime implemented their first ever trial on kiwifruit at one of SEEKA’s cool-store environments in Te Puke. Two months later RipeTime passed a significant milestone; results from this trial on kiwifruit proved RipeTime technology was accurate and efficient. We were able to predict the level of ripeness across five pallets and rank them from worst to best. Our results were so significant, SEEKA applied our technology on a much larger scale for the 2016 season.
Ripetime identified a “problem” box of 20 soft kiwifruits in a 40,000 cubic metre space within an hour of accidental arrival
Board of directors
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Michael Vukcevic
Chairman
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Adam Hunt
Board member
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Ross Shannon
Board member
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Jon Lowy
Founder and Director
Michael Vukcevic is the Chairman of the RipeTime Board of Directors. Mr. Vukcevic has spent his career in business development and management positions. International Business Development and Governance are two areas where Mr. Vukcevic brings significant experience to the board of RipeTime. Michael has advised a number of companies on capital raising, international expansion and governance across a number of sectors and technologies. He has worked for Fonterra (New Zealand’s largest company), EY (Ernst & Young) in a Business Development position, and has lead two companies as CE. He currently advises a number of companies as an Associate at Gilligan Sheppard, New Zealand’s Premier Boutique Accounting and Advisory Firm.
Adam Hunt comes from a technology & business background, Mr. Hunt spent three years as Chief Information Officer of Turners and Growers, New Zealand’s largest produce wholesaler and pip-fruit exporter. He spent nine years leading the compliance risk functions of two of New Zealand’s key regulators (tax and financial markets) and now splits his time between multiple roles. He is a board member of the Domain Name Commission, the regulator of the Internet in New Zealand and consults in a number of risk & compliance related fields, including being a member of experts on the International Monetary Fund panel. He is also the managing director of an Equity Crowdfunding business, helping connect entrepreneurs with capital.
Ross Shannon comes from a strong background of leadership training and motivation. For a number of years he specialized in sales and marketing, then recently with new startup companies both in New Zealand and overseas. Over the last number of years Ross has focused on seed investing in startup companies mainly in the SAAS (Software as a Service) market. He was the founding investor of a company that has gone on to be one of New Zealand’s most successful IPO’s in recent years and is now the largest provider in the USA in its space. Ross spends his regular time in the developing world and has a strong passion for helping the underprivileged in these areas.
Jonathan Lowy is Chief Executive Officer, Founder and Director of RipeTime. He is a serial entrepreneur who has spent a career in early stage business and has twenty-plus years’ experience in helping develop exclusive products. As an engineer and materials scientist he has been central to the creation of a range of world-leading technologies across medical, avionics, noise cancellation, marine instruments, GPS road navigation and a multitude of other areas. Additionally, Jon is also the CEO of ‘Innovators’; a New Zealand based technology-focused incubation company.
