[Scythian]

"A global plunge in private funding has weighed heavily, helping to drag the value of deals in Singapore’s food and agriculture technology sector down almost 90% from a peak in 2021 to just $187 million last year, according to data from venture capital firm AgFunder.

Apollo Aquaculture Group, touted as Singapore’s tallest fish farm and backed by Temasek Holdings, is now under judicial management. Sustenir, a vertical vegetable farm that’s also backed by the heavyweight institutional investor, is on track to be profitable in the next six months, the firm says — but only after years of losses.

The state-owned investor is not retreating from the sector, but opportunities have declined, according to Chia Song Hwee, deputy chief executive officer for Temasek International."
https://www.japantimes.co.jp/environment...ernational.

[Scythian]

"For Singapore’s farmers, though, tech-focused funding cannot solve far more practical problems.

"Running a farm here is barely sustainable," said Kai Wong, who rears fish from wooden platforms off Singapore’s coast. "If you have no output, it’s impossible to start inventing and implementing new tech."

To boost demand for his produce and ensure his fish is used, Wong had to expand beyond farming, setting up a restaurant and seafood soup stall."
https://www.japantimes.co.jp/environment...up%20stall.

[Scythian]

Training pigs and cows to use elevators.