Agtech accelerator Grow launches new program in Singapore

Agri-foodtech accelerator Grow said it will be looking for startups from across Asia Pacific to participate in its new program focused on food security.

Photo credit: Grow

Grow is a global accelerator backed by Enterprise Singapore, venture investor AgFunder, and food and beverage brand Dole. Its new 12-week program Singapore Food Bowl aims to build more resilient and decentralized agrifood ecosystems in the wake of Covid-19, according to a statement.

With the initiative, Grow and its partners hope to build innovative solutions to industry challenges, such as yield predictions for farmers, food waste reduction in the supply chain, and the production of packaging alternatives.

The new program is also tied to Singapore’s “30 by 30” initiative, which hopes to reduce Singapore’s reliance on imports and source 30% of its nutritional needs domestically by 2030, up from the current 10%. It was launched in March of last year to enhance traditional production methods and make up for the city-state’s lack of available land.

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“Initiatives such as the Singapore Food Bowl accelerator will be important in driving activity and interest in the agri-foodtech ecosystem, as well as identifying novel innovations that can be applied to Singapore’s landscape,” an Enterprise Singapore spokesperson said.

Interested startups may apply until June 7 this year. To qualify, applicants should have a minimum viable product and must be from Asia Pacific or incorporated in Singapore.

Selected startups will gain access to AgFunder’s network of almost 80,000 members and subscribers, according to the statement. They will also get a chance to secure future investment from VC firms and the program’s investor partners.