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AgTech FoodTech

ESG set aside over S$55 million to develop a vibrant agri-food tech ecosystem

Enterprise Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies. ESG’s ongoing efforts will catalyse innovation and scalable solutions to meet evolving needs. ESG has put in place various initiatives to support the growth of the agri-food tech startup ecosystem and drive deep tech commercialisation.

Modern technology in agriculture and aquaculture has enabled the development of climate-resilient, resource-efficient and high-yield farming solutions, offering opportunities for food producers to ‘grow more with less’ in densely built-up environments. ESG has been supporting local food producers in their development and adoption of these technologies.

“There is an urgency for our agriculture and aquaculture companies to leverage agri-food technologies to address the growing demand locally, as well as globally. We will also continue to support agri-food tech startups and the use of disruptive innovation to future-proof food production in Asia. This will not only contribute towards national food resilience, but further strengthen their global competitiveness.” 

Mr Ted Tan, Deputy CEO, Enterprise Singapore

ESG has anchored six global agri-food tech and life sciences accelerators in the past year under the Startup SG Accelerator programme – Big Idea Ventures, GROW, Hatch Blue, The Yield Lab, Trendlines Agrifood Innovation Centre and Temasek Life Sciences Accelerator – to nurture and mentor agri-food tech startups in fundraising, product development, commercialisation and internationalisation. These six accelerators are expected to groom over 150 agri-food tech startups over the next three years.

ESG is working with innovative aquaculture and agriculture companies, like:

  1. Singapore Aquaculture Technologies (SAT) is a sustainable aquaculture nutrition & healthcare company based in Singapore. It complement natural processes from the ocean, sun, micro-algae and aquaculture, with technology to create scalable solutions. It currently runs a smart floating fish farm incorporating Internet of Things (IoT) and artificial intelligence to control processes and optimise resource inputs, such as feed, energy and oxygen. 
  2. Sustenir Agriculture produces seasonal crops all year round through Controlled Environment Agriculture. A passion for nutrition and the environment runs through the Sustenir team. The company uses 95% less water than traditional farming and by growing locally, it reduces carbon emissions for a happier healthier earth.

Beyond growing enterprises, ESG will continue their efforts to build trust in Singapore products and services through quality and standards, as well as establish Singapore as a leading startup and trading hub.

Read more at SG Press Centre

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AgTech Greenhouse

Hotraco Horti completed one of the largest agricultural greenhouse project

Hotraco Horti completed a large automation project in Egypt covering more than 1200 ha in 2020. It is seen as one of the largest agricultural greenhouse projects in the world. Hotraco Horti supplied complete automation for greenhouse climate and irrigation. The greenhouse project is an initiative of the National Company for Protective Cultivations (NCPC) and is located on an old naval base near the coast of Alexandria.

With this mega-project, consisting of 126 clusters of 6, 8, 10 or 12 horticultural greenhouses, each covering more than a hectare, Egypt is taking major steps towards self-sufficiency in food production and food security. For Hotraco Horti, the project was considered incredibly challenging and ground-breaking, in part due to its size and the tight schedule.

Hotraco Horti core business activity is in the regulation, control and monitoring of all greenhouse processes. They manage all major processes ranging from ventilation and climate control, irrigation- and water regulation, to management and energy distribution.

Read more at Hotraco Horti

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Uncategorized

How ‘future-fit’ crops can protect the environment and provide for the future

“Future-fit” crops that are nutritionally dense, climate resilient, economically viable and locally available or adaptable are key to surviving climate change and providing for the world’s larger population in the future. The current food system, with its reliance on a handful of crops, is inadequate and unsustainable in the face of climate change and population growth. The United Nations warned that the current global food system is inadequate and unsustainable. It noted that just a handful of crops, including wheat, rice and maize, now make up 60 per cent of people’s caloric intake.

Climate change is the biggest existential threat to humanity and the planet. Without transforming our agriculture, we cannot reverse climate change or meet the Sustainable Development Goals. The Bambara groundnut, lupin and moringa, for example, are able to grow and produce highly nutritious food in relatively harsh conditions, making them ideal for a future where droughts and floods will be more common.

Read more at Eco-Business