Singapore Agtech is set to get a funding shot in the arm, one that might give the complete world a clearer imaginative and prescient of opportunity farming’s role in our future meals system. Enterprise Singapore, the government organization committed to startups, said last week it’ll make investments roughly $40 million USD into Agtech and aquaculture companies, consistent with AgFunder News.
Koh Poh Koon, Singapore’s senior minister for change and industry, stated at some stage in the statement that “Using Agritech can help to make Singapore’s meals supplies more resilient by building a larger margin of nearby food capacity.”
Singapore is based on imports for approximately 90 percent of its food. As the pandemic has shown us, that reliance on outside sources can be elaborate if the supply chain receives disrupted. The city-country already has one initiative in place to cope with this, the “30 by way of 30” program, which objectives to have 30 percent of Singapore’s food produced domestically through 2030.
The newly announced funding will go closer to Agtech and aquaculture startups that apply via the Singapore government’s Business Grants Portal.
Singapore has emerged as something of a hotbed in a closing couple of years for food tech, mainly whilst it comes to opportunity proteins and opportunity farming methods. Last year, the city kingdoms National Research Foundation allocated $535 million (USD) to growth R&D efforts in cellular remedy manufacturing, virtual technology, and sustainable urban food production. Food-targeted accelerators like GROW’s Singapore Food Bowl program are also emerging as a resource for startups. Meanwhile, individual businesses also are growing ways to make Singaporean food extra-local, from SinGrow’s proprietary strawberries to Turtle Tree Labs’ cultured human breastmilk.
Those uses of alternative farming and food production might be a clue for the relaxation of the world approximately how technologies like high-tech farming systems, post-harvest technology, and raising opportunity protein sources healthy into the broader picture of the future meals system. Many of these techniques are nascent and haven’t begun to prove themselves economically scalable. If Singapore can use them to satisfy its “30 with the aid of 30” intention and beyond, it may provide a blueprint for the rest of the sector as the population increases and call for neighbourhood meals manufacturing grows.