Senior Minister of State for Trade and Industry Koh Poh Koon touring a pilot high-tech indoor vertical farm site for strawberries by precision agritech startup Singrow. Enterprise Singapore has set aside over S$55 million in funding to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow more with less", Mr Koh said.
Growing more with less refers to using modern technologies that enable food producers to develop climate-resilient, resource-efficient and high-yield farming solutions for densely built-up environments. ESG has been supporting local food producers in the development and adoption of these technologies by launching initiatives to support the growth of the agri-food tech startup ecosystem and drive deep tech commercialisation, it said.
It added that the agri-food sector"remains a bright spot amid Covid-19", with Singapore's strong innovation climate and supporting infrastructure making the Republic a conducive place for agri-food technologies to take root.
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