Singapore has been investing heavily in providing the right infrastructure, capital access, stability, and governmental support to attract some of the best start-up talent in the region, evident by the relocation of regional start-ups to Singapore to capitalize on the great ecosystem, capital markets, and proximity to market that the country provides.
“Singapore is not only able to enhance domestic start-ups through fast pace and ever evolving ecosystem, but also to build new ventures that see the entire Asian market as a focus area”, adds Roenner.
Singapore start-up makes strides in sustainable innovation
AquaEasy is the first spin-off innovation under grow and has secured funding from EDB New Ventures and Bosch.
AquaEasy combines sensors, software, and services based on data analysis capabilities using Artificial Intelligence (AI) to transform aquaculture from art to science. It helps the region’s shrimp farmers increase yield, predictability, and implement sustainable aquaculture practices, while reducing risks and costs. The solution has since been deployed at many shrimp farms in Indonesia, Vietnam as well in Singapore such as Qian Hu, a local aquaculture company to achieve an efficient and sustainable farming system which is in line with Singapore’s goal of attaining food security and sufficiency by 2030.
Aside from leveraging Bosch’s cutting-edge competencies in sensor development and AI, Bosch has also supported AquaEasy since 2018 via go-to-market support, business development and strategies, recruitment, networks and partnerships.
