Over S$100m in extra funding for agriculture, maritime startups

Singapore

STARTUPS in agriculture and maritime industries now have more than S$100 million in additional funding to tap on, with Enterprise Singapore (ESG) announcing new allocation to both sectors on Friday.

ESG said it has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies, while its investment arm SEEDS Capital, together with six co-investment partners, will pump a combined S$50 million into more than 50 maritime technology startups in Singapore.

The funding for the former is part of the government agency's efforts to develop an agri-food tech ecosystem that uses innov…

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