Places of growth and sustenance is the foundation of a country’s well being. For example, all you need to take is a few hours drive to visit places of agriculture in most countries. However, This is not the case for Singapore. With its ever-decreasing land space, there is an urgent need for independence for food in times of need. Indeed, with the COVID-19 restrictions, it became even tougher trying to import basic food items. While Singapore lacks the space to grow supplies, it has the strength and space to help startups use Food tech.
Hence, to push startups forward, the Government has adopted the “30 by 30” strategy, where Singapore’s food self-production level from the current 10 per cent has to grow to 30 per cent of total food needs by 2030.
The reasoning behind this goal is through a study conducted by The Intergovernmental Panel on Climate Change. In summary, the study concluded that crop yields will most likely decline by up to a quarter by 2050 due to global warming. To prevent Singapore from being impacted heavily, it is growing it’s food technology ecosystem with financial and non-financial backing to give homegrown talent the boost it needs.