ENTERPRISE Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow more with less" (see amendment note 1).
The funding is part of the government agency's efforts to develop an agri-food tech ecosystem in the Republic that uses innovation and scalable solutions to meet evolving needs, Senior Minister of State for Trade and Industry Koh Poh Koon said at a ministerial visit to precision agritech startup Singrow on Friday.
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.