February 22, 2024

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Food Innovation key to future sustainable nutrition

The Deputy Prime Minister and Minister for Finance, Mr Heng Swee Keat spoke on Tuesday about the importance of innovation in ensuring food security, especially for Singapore in the future.

Global food security is becoming an increasingly pressing issue.The global population is set to rise to 9.8 billion people by 2050. At the same time, arable land and crop yields are declining due to climate change. These present challenges to meet global food and nutritional needs for the future. To address this, Singapore will require new and innovative ways to meet these needs sustainably.

Technology and Innovation to help support Singapore’s Food Security

In particular, food security is an existential challenge for Singapore. As a small island city state, we are constrained by our lack of natural resources. We import almost all of our food. Earlier this year, we set ourselves the goal of producing 30% of our nation’s nutritional needs locally by 2030, up from less than 10% today. This more than three-fold increase is only possible through innovation and the deployment of new technologies.

He added that beyond attracting new food-related manufacturing activities to Singapore, the government have been investing significantly in innovation to meet Singapore’s food and nutrition needs, and contribute to global needs.

Singapore Government investing in Urban Farming, Aquaculture and Alternative Proteins

In March this year, the Minister announced that $144 million Singapore dollars would be invested in food research via the Singapore Food Story R&D Programme. This includes areas such as urban farming, aquaculture, and alternative proteins.

Later this month, Temasek Polytechnic will be launching its new Aquaculture Innovation Centre. The Centre will provide shared infrastructure and expertise for players across the aquaculture value chain. It will serve as an important partner to Singapore’s Marine Aquaculture Centre, which develops safe aqua-farming practices that minimise the use of antibiotics, and ensures a reliable supply of tropical food fish.

Singapore is also planning an 18 hectare Agri-Food Innovation Park in Kranji, which will physically co-locate high-tech farming and innovation activities for the agri-food sector. The Park will be ready in phases beginning in 2021.

The Minister also said that Government is hoping that with recent investments in innovation for food and nutrition will bring benefit to companies along the “farm-to-fork” value chain, and bring more opportunities for companies and Singapore.

The Minister added that on top of contributing to Singapore’s food needs, the growing food and nutrition ecosystem also contributes to the Governments goal of building Singapore as a Global-Asia Node of Technology, Innovation and Enterprise.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

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HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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