Singapore has recently emerged as the foodtech hub of Asia, largely thanks to the government’s heavy support in the industry.
According to the Asia Alternative Protein Industry Report, several leading startups in the food technology (foodtech) field are headquartered in Singapore. This includes firms in growing sectors like cellular agriculture and whole plant food optimisation.
The emerging foodtech ecosystem has been heavily driven by government support and funding. Singapore aims to produce almost a third of the food that it requires by 2030, and the Singapore Food Agency (SFA) has set a target — dubbed as 30 by 30 — of producing 30 percent of Singapore’s nutritional needs by 2030.
Singapore currently imports 90 per cent of food consumed in the country. A heavy reliance on imported food means that Singapore faces unique challenges in ensuring a steady supply of food for the population.
Last year, it was announced that Singapore has a S$100 billion plan to help the city-state adapt to the climate crisis. This also includes funding initiatives to improve the state’s food self-sufficiency.
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