Temasek backs US$30m firm for vertical farming innovation to boost Singapore's food supply

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Temasek co-invests in US$30 million firm to develop vertical farming innovation that will help strengthen Singapore's food supply

SINGAPORE - A new US$30 million company has been formed to develop breakthroughs in vertical farming, a move that will help to further reinforce Singapore's food supply.

Its primary focus is on improving the quality and variety of food as well as boosting the efficiency of its production, including that of popular vegetables such as lettuce and spinach. He also told The Straits Times that Singapore has been formative in developing vertical farming."So, we have insights and knowledge of the industry that Unfold can benefit from through the set-up of its commercial, research and development operations here."

Unfold has already entered into an agreement for specified rights to germplasm, or seed genetics, from Bayer's vegetable portfolio, a move that will enable it to develop new varieties of seeds.

 

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