Cargill has partnered with the Singapore Economic Development Board (EDB) to launch Asia’s first digital business studio. The studio is designed to bring Cargill solutions to market and support local founders with investments to accelerate innovation in the Asia Pacific food and agri industry.

Through this three-year partnership, Cargill will develop a portfolio of at least five of his new start-ups in Singapore. Startups focus on pressing industry challenges, from improving smallholder farmers’ access to market data to creating more efficient, transparent and cost-effective food supply solutions.

To lead these new startups, Cargill will soon hire experienced entrepreneurs who are passionate about solving some of the most pressing problems facing the world’s food and agriculture systems. Entrepreneurs have access to proven resources, corporate governance and investments in innovation processes in other markets.

“Cargill has combined its deep industry knowledge with the speed and agility of a startup approach to create a digital business studio. We aim to solve some of them in novel ways. Given Singapore’s reputation as a vibrant hub of agricultural innovation, we are pleased to partner with EDB on this initiative. We are confident that this digital business studio will foster the courage, creativity and inspiration to advance sustainability in the food and agriculture sector in the region,” said Ross Ham Jennings, Director of Asia Pacific at Cargill. said.

The partnership builds on his EDB efforts to grow the corporate venture movement in Singapore and encourage companies to build new ventures with startup-like agility. This includes investing in growth areas beyond our core business to stay ahead of the rapidly changing pace of disruption.

Choo Heng Tong, EDB’s new Ventures and Innovation Executive and Vice President, said: “Cargill can offer these ventures significant advantages through its deep expertise, customer network and global reach, while leveraging Singapore’s connectivity to key markets and R&D capabilities. These ventures will be at the forefront of innovation, complementing Singapore’s development of new agri-food solutions and contributing to the global effort towards food resilience. ”

“This is a unique model that enables entrepreneurs to transform industries and create lasting change locally and even globally,” said Eric Parkin, Global Digital Business Studio Leader at Cargill.

The Digital Business Studio builds on Cargill’s existing investments in innovation and commitment in Asia, helping farmers and food companies solve their biggest challenges and seize new opportunities. Cargill has four Asian innovation hubs in Singapore, Gurgaon, Beijing and Shanghai. At these centers, Cargill leverages its global expertise in animal proteins, refined oils, sweeteners, starches, cocoa, his texture solutions and unique flavors.

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Source: Web Wire

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