Food delivery services are bigger than ever, as locked-down consumers turn to apps for meals and groceries. But the economic outlook for service providers remains tough.
Covid-19 has accelerated the country’s efforts to enhance food security, so agrifoodtech startups are among those that could benefit most from the new fund.
The Singapore-based unicorn is extending its order-anything ‘super app’ platform to the region’s farmers, fishermen, and food traders to keep things ticking as Covid-19 continues.
Agrocorp, which recently made a groundbreaking $12m blockchain wheat trade, will use the funds to “ensure a continuous flow of food from farmers to end-consumers.”
Born out of the National University of Singapore, Singrow is directing its efforts towards local production of temperate-zone fruits and vegetables in tropical areas. And it’s starting with strawberries.
E-commerce demand has skyrocketed, while local farmers and growers are picking up a lot of the slack in supply chains, says the man in charge of RedMart.
Urban farming gets a boost as the Singapore Food Agency and Housing & Development Board tender out nine multi-storey car park rooftops to growers.
Olam set up a “war room” of top execs to tackle Covid-19’s immediate impact on its business. But it’s counting on digitization as a longer term fix.
The Singapore-based agribusiness became the first-ever recipient of a ‘Digital Loan’ based on Boston Consulting Group’s digital maturity index last year.
This first-of-its-kind accelerator program brings industry and startups together to build more resilient local agrifood ecosystems in the wake of Covid-19.
GROW becomes an accredited mentor partner for the Singapore government program, while launching its ‘Pre Accelerator’ for “very early stage” startups.
Growthwell, which has been making ‘mock meats’ for the Southeast Asian market since 1989, is looking to ride the plant-based new wave.
The food reformulation startup will use the funding to hire more scientists, build out tech infrastructure, and expand R&D capabilities internationally to combat metabolic disease with healthier food.
Hyperledger Fabric tech allowed the agribiz giants to settle a North America-Southeast Asia transaction that would normally take a month in just five hours.
The ’30×30 Express’ grant program will fund local agrifood players – including urban farmers – who can increase domestic output of eggs, fish, and leafy vegetables.
The Singaporean startup’s blockchain platform offers enhanced supply chain visibility to the fruit industry – and it has Latin America in its sights.
Agrifood tech accelerator GROW and VC firm AgFunder will work with the UNDP’s Global Centre to select successful entries for its Cultiv@te innovation challenge.
As global aquaculture grows in scale and intensity, and governments wise up to the need to regulate it more closely, there’s plenty of call for technology that can foster supply chain transparency while boosting yields, improving welfare, and cranking down on costs. Step in Wittaya Aqua.
Executives said that the freshly-launched ASA — the Aquaculture Station by Adisseo, to use its full name — will focus on nutrition, aquatic animal health, and aquatic science technologies.
Agri-food tech events all too often fall victim to an extremely irritating shortcoming — the food served is bland and unimaginative. Thankfully, that stodgy fate did not await delegates at this year’s Asia-Pacific Agri-Food Innovation Week in Singapore.
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