ST. LOUIS, MISSOURI, USA/SINGAPORE January 15, 2019 – The Yield Lab Asia Pacific is pleased to announce that it is the first agri-tech accelerator to be appointed under Enterprise Singapore’s StartupSG Accelerator programme. This announcement was made today by Singapore Senior Minister of State, Ministry of Trade and Industry Dr. Koh Poh Koon at the Indoor AgCon Asia event. This award comes after an extensive evaluation process conducted Enterprise Singapore throughout 2018. In addition, The Yield Lab Asia Pacific has also been selected as a co-investment Partner of SEEDS Capital, the investment arm of Enterprise Singapore.
The Yield Lab selected Singapore as its Asia Pacific regional Headquarters from which to operate its $50M Fund and Accelerator. This fund will focus on identifying and advancing innovation in agri-food technology across the Asia Pacific region.
“We chose Singapore due to its long term strategy and proven ability to create a forward- reaching environment favorable to Start-ups, innovation and investment.” said Thad Simons, Founder and Managing Director of The Yield Lab.
"Agri-tech is a growing sector in Singapore. To strengthen the infrastructure for our startups to grow and globalise, we are increasing access to capital and technical expertise. Enterprise Singapore is glad to work with The Yield Lab given their strong capabilities in nurturing startups and good global track record. We look forward to deepen support, together, for our agri-tech players to lead the development of disruptive agriculture and food technologies, and grow into globally competitive companies," said Mr. Ted Tan Deputy Chief Executive Officer of Enterprise Singapore.
“There is no more important purpose than identifying and advancing new Agricultural Technology placed to address the staggering food sustainability challenge and mitigate the need for 70% more calories on the planet by 2050, and there is no better place in Asia Pacific than Singapore from which to consolidate the AP region’s diverse agri-food subject matter expertise, innovation and entrepreneurial spirit and investment” said Claire Pribula, Managing Director of The Yield Lab Asia Pacific. “The level of involvement and passionate commitment we have seen from Enterprise Singapore towards the development of a Singapore AgTech Ecosystem has been impressive”,
Founded in 2014, and operating in North America, Europe and Latin America, the Yield Lab Accelerators invest US $100,000 into early stage agri-food tech startups. These startups take part in tailored 12 month accelerator programming, receive one on one mentorship, and gain access to the Yield Lab’s global network of agricultural businesses, scientists, farmers and investors. The Yield Lab focuses on technologies in crop production and plant science, animal health and welfare, precision agriculture, supply chain/logistics, sustainability, and food ingredients. The Yield Lab Asia Pacific also makes Series A investments into opportunities selected from within its accelerator graduates as well as other agri-food tech opportunities.
Applicants to the 2019 Yield Lab Asia Pacific program are invited to apply online via The Yield Lab website www.theyieldlab.com.
About The Yield Lab
The Yield Lab enables entrepreneurs to sustainably revolutionize agrifood tech systems globally in order to sustainably feed the world. We do this through our accelerators in St. Louis, Missouri (North America); Buenos Aires, Argentina (Latin America); and Dublin, Ireland (Europe), and now in Singapore (Asia Pacific). Each accelerator invests $100,000 in early stage agrifood tech companies, provides network focused programming with an emphasis on customers, collaborators, and capital, and provides mentorship from our team of agribusiness experts. For more information, please visit www.theyieldlab.com.
Contact: Larry Taylor, email@example.com