Temasek launches the Asia Sustainable Foods Platform to facilitate the production and distribution of alternative proteins for the commercialisation of sustainable foods in Asia.
Singaporean investment company Temasek has announced plans to establish the Asia Sustainable Foods Platform, which aims to provide solutions and support to FoodTech companies from their product development stage to commercial setup.
The agency will provide businesses with R&D advice, pilot-scale manufacturing facilities, manufacturing capabilities, market insights on commercialisation opportunities, and a network of strategic connections for the stability and expansion of FoodTech startups.
“Temasek has invested over US$8 billion in the global farm-to-fork value chain since 2013, and will continue to increase our investments in this space. Singapore has a significant role to play in the transformation of the agri-food sector,” said Yeoh Keat Chuan, Deputy Head, Enterprise Development Group at Temasek. “The Asia Sustainable Foods Platform aims to support local and regional businesses, innovate, scale up and commercialise.”
“With our support to remove friction-to-adoption, companies can speed up their product development and pilot launch, as well as accelerate their commercial scale-up and go-to-market. In the end, it is our goal to delight consumers across Asia with tasty, fresh, traceable and sustainable food,” said the newly appointed CEO of the Asia Sustainable Foods Platform, Mathys Boeren.
The Asia Sustainable Foods Platform has already teamed up with two experts in the global food industry. It expects to enlarge manufacturing capabilities through their partnership with German agri-food company CREMER. The joint venture firm’s utilisation of high moisture extrusion (HME) technology allows for the production of plant-based proteins more similar to meat in texture than other products of their kind.
“CREMER wants to play a major role in driving these trends by contributing production knowledge we have gained over decades. By bringing HME capabilities to Asia, CREMER aims to provide production support to the fast-growing plant-based community here,” said Damian Krueger, General Manager of Sustainable Nutrition at CREMER.
The Platform has also signed an agreement with global food processing company ADM, which will help form a joint venture that facilitates contract development and manufacturing services. Based on the firm’s expertise in the global nutrition industry, ADM will play an important role in the expansion of small FoodTech startups. The Singapore Economic Development Board (EDB) will also be supporting Temasek’s initiative.
To explore partnerships with the Asia Sustainable Foods Platform, interested businesses can complete this form.
Featured banner image credit: cremer.de