New company by Temasek, Bayer to develop vegetable seed varieties for vertical farming

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SINGAPORE: Singapore state investment firm Temasek has joined hands with the impact investment arm of German pharmaceutical and chemical maker ...

Such farms are also being explored by companies in other countries such as the United Kingdom and Japan.

“No matter where you are in the world, everyone has seen this tragic situation of COVID-19 some of the challenges we have with our current food supply chains. “But there’s never been a company that’s 100 per cent focused on seeds that are … selected and bred for to use specifically for vertical farming and that’s what we are going to do.”

“As a company fully focused on the vertical farming industry, Unfold will combine leading seed genetics with the best agtech experts in order to dramatically advance productivity, flavor and other consumer preferences,” said Dr Purcell. Singapore will also serve as its “commercial centre” for Asia, said Dr Purcell, although he was not able to reveal when local operations might be ready or how many people it will be hiring as it remains “very early in the process”.

 

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