Constellar and My Exhibition Co., Ltd. announced a strategic partnership to boost the agri-food tech and aquaculture sectors in Singapore and Taiwan region. This collaboration aims to contribute to the goal of leveraging technology to advance Asia's agriculture industry, fostering innovation, sustainability, and economic growth.
Currently Singapore has the largest agrifood tech ecosystem in Southeast Asia, with over 122 companies, and US$1.4 billion worth of funds raised since 2013, accounting for 45 per cent of all companies and 38 per cent in funding for the region. This enables Singapore to lead innovation incubation, end-to-end testing and the adoption of agrifood and aquaculture technologies for the region. Singapore's robust shared infrastructure and innovation hubs also positions Singapore as the ideal hub in Southeast Asia for regional and international companies to fundraise and seek lab-pilot scale assistance.
Taiwan is well-known for its high-tech industry and research and development capabilities. By using these strengths into the agricultural sector, Taiwan has recognized a unique position as a leader in the advancement and future of agribusiness. With its excellent contributions in IT, high-tech industries, and biotechnology research, Taiwan has earned international acclaim and a distinctive leadership role. These technological advantages are widely applied in agriculture, which enhance food self-sufficiency also addresses climate and environmental challenges through advanced techniques and management practices. This partnership will leverage the strengths and expertise of both event organisers to facilitate knowledge exchange, advance research and development, enable networking opportunities, as well as inspire transnational collaborations amongst their event participants.
"We are excited to embark on this journey with MY Exhibition", said Mr Paul Lee, Chief Executive (Markets), Constellar. "This partnership not only reinforces Constellar's vision of convening industry stakeholders but also underscores our shared commitment to advancing the agrifood tech and aquaculture sectors. By leveraging the combined strengths of both organisations, AFTEA, TSA and IAFET will serve as vital platforms enabling industry leaders to network, innovate, and accelerate the pathway towards secure, sustainable and climate-friendly agri-food systems. We welcome like-minded organisers from other markets to join us and forge a strong network of events to grow the industry and form a strong ecosystem of emerging agri-food tech players".
Irene Liu, General Manager of My Exhibition Co., Ltd., said, "This year marks the tenth anniversary of Taiwan Smart Agriweek, and the event has grown as technology plays an increasingly important role in agricultural production. We're focusing on five key sectors of the agricultural supply chain: AgriTech, Livestock & Feed Tech, Aqua & Fisheries Tech, AgriFresh, and Sustainable Agriculture Technology. The exhibition covers the entire supply chain, from seed to feed to food, showcasing advanced equipment, techniques, and solutions. In recent years, Singapore has made impressive progress in tackling food production and safety challenges, which led to the '30 by 30' food policy. Our partnership with Constellar is not just about boosting agricultural technology exchange between Singapore and Taiwan region, but also about speeding up the turnkey export of Taiwan's technology to southbound markets. This collaboration will help integrate technology and markets in Asia's agri-tech sector, supporting southbound countries in reaching their goals for food self-sufficiency and safety, while also creating new opportunities for the agri-tech ecosystem".