Temasek establishes the Asia Sustainable Foods Platform

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Source: Temasek

As an operator, it will provide manufacturing capabilities, along with market insights into commercialisation opportunities to support scaling up across Asia

November 2021: Temasek has announced the launch of the Asia Sustainable Foods Platform to focus on addressing the challenges of scaling up the production of alternative proteins, as well as accelerating the growth of sustainable foods in Asia.

The Asia Sustainable Foods Platform aims to provide solutions and support, as an enabler, operator and investor, to food-tech companies as they go through their life cycle from product development to commercial scale-up.

As an enabler, it will provide R&D advisory and pilot-scale manufacturing facilities to support food-tech businesses accelerate their product commercialisation;

As an operator, it will provide manufacturing capabilities, along with market insights into commercialisation opportunities to support scaling up across Asia; and

As an investor, it will also provide businesses with a network of strategic connections and allocate capital to promising food-tech start-ups.

“Asia is expected to require around US$1.55 trillion of investment over the next decade to satisfy growing consumer demands for healthier and more sustainable food options. We need to evolve our current capabilities to bolster food security and strengthen supply chains,” said Yeoh Keat Chuan, Deputy Head, Enterprise Development Group at Temasek.

“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. The Asia Sustainable Foods Platform aims to support local and regional businesses, innovate, scale up and commercialise,” he added.

The Asia Sustainable Foods Platform will be managed by a core team of food-tech professionals, led by newly appointed CEO, Mathys Boeren.

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