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AgTech Animal Husbandry Big Data

BASF Venture Capital is investing in SmartAHC

BASF Venture Capital is investing in SmartAHC, a leading e-traceability digital solution provider for pig farmers. Their technology optimises productivity yield of pigs through predictive analytics, and caters to a rapidly growing market. Based on low-power wide-area intelligent sensing technology, Smart Animal Husbandry Care Pte Ltd. independently developed the first micro-sensor that is suitable for […]

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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. […]

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FoodTech Investments

FoodTech startup, SilverConnect raised funds to fast-track the rollout of food options for people with swallowing difficulties

The question, “What happens if one day a person cannot eat?” was lingering in the minds of Directors, Yiru Shen and Jeannie Ong, when they started a specialised FoodTech startup, SilverConnect. The company was founded in 2017 with the intent to enhance nourishment for the elderly and relieve their caregivers from the daily burden of […]

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AgTech FoodTech

Singapore Food Bowl aims to help regional agri-food tech startups

GROW’s Singapore Food Bowl program aims to help regional agri-food tech startups fast track their growth trajectory and commercialise novel technologies specifically relevant to Singapore’s food security agenda. The 12-week virtual accelerator allows for the local ecosystem to make a change together, by forming a cohort of local and regional startups to address the challenges […]

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Bankruptcy Commodities

Phoenix Commodities has gone into liquidation after amassing $400m in potential trading losses

Phoenix Commodities, a trader of agricultural products with offices in Dubai and Singapore, is being liquidated after amassing more than US$400 million (S$567 million) in potential trading losses. It was valued at $1.1bn-$1.24bn as recently as January, according to a document filed by its provisional liquidators.. The Phoenix Group, which was registered in the British […]

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Food Loss/Waste

National Environment Agency, Singapore, launched a S$1.76 million food waste fund

The National Environment Agency (NEA) launched a S$1.76 million (US$1.26 million) food waste fund as part of its efforts to tackle climate change. The fund aims to help organisations subsidise the cost of installing food waste treatments solutions. Capped at S$100,000 (US$70,000) per applicant, it will cover the capital cost of waste treatment systems, accompanying […]

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AgTech Protein

Insectta Receives R&D Funding to Fuel Insect Biomaterials Research

Insectta, founded in 2017, started as an insect farm focused on producing alternative proteins for animal feeds, but pivoted to the extraction of biomaterials from insects. As the first urban insect farm in Singapore rearing the black soldier fly (hermetia illucens), Insectta takes food waste and returns it into the economy as valuable biomaterials. Trendlines […]

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Investments

Growthwell Group raises US$8 m for scale-up of plant-based alternatives

Growthwell, a leading manufacturer of plant-based alternatives for meat and seafood for the South East Asian market, announced that it has raised US$8 million in a funding round led by Temasek, with other investors DSG Consumer Partners, Insignia Ventures, Genesis Ventures, Brandify and Mr Koh Boon Hwee participating. The proceeds from this funding round will […]

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Uncategorized

Singapore announces SGD 30 million investment in agri-food industry

Singapore on Wednesday announced a 30-million Singapore dollar investment in the agri-food industry to speed up the production of commonly consumed food items like eggs, vegetables and fish during the coronavirus crisis. Called the 30×30 Express grant, it aims to strengthen Singapore’s food security, as part of its goal of meeting 30 per cent of […]

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Uncategorized

Grow local: Singapore’s ’30 by 30′ goal to produce 30 per cent of its nutritional needs locally by 2030

With global panic buying, some countries moving towards food protectionism and more nations going into lockdown during the coronavirus pandemic, food security has been thrust into the spotlight. Local production helps mitigate reliance on imports and serves as a buffer during supply disruptions to import sources, which contributes to our food security. According to the […]