The air provided by the hotel price setting support service "MagicPrice", fund procurement from GCP — a total of about 470 million yen in the series A, and the management system is strengthened.

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Japan's Livanes and Singapore's FOCUSTECH VENTURES will establish a private investment company Germi8 in Singapore, which specializes in investing in agricultural foods in partnership with Kobashi Kogyo, a production company manufactured by agricultural equipment, and Yugulena, a production company.It was announced.

Germi8 aims to solve global issues such as sustainability of food supply, climate change, and environmental issues by activating innovation in the agricultural food industry.

According to Livanes, the founder and CEO Maruhiro Maru, the Germi8's procurement target is not decided at this time.However, in the next three years, it will invest about 100 million yen in about 20 projects.Germi8 is operated by Libernes, Focustech Ventures, Kobashi Kogyo, and Euglena, all of which are supplied by the four companies.

Some of the Germi8 investments include alternative proteins, animal feed and fisheries feed, waste reduction, precision agriculture, functional foods that consider health and nutrition, and technology to improve food production, safety and traceability.Like.

Maru told Tech in ASIA:

To put it simply, the purpose of the Germi8 established is to fill the gap between the seed and the seed period.

The Germi8 investment is planned to be $ 100,000 per project, and additional investment vehicles will be implemented according to each project.

Mr. Maru says that it is planning to enter Singapore with a 90 million dollar real tech fund to Singapore in order to look in Southeast Asia.Real -tech funds, established by Libanes and Euglena, have invested in 43 deep tech startups in Japan, including the agricultural food industry.

For the time being, GERMI8 will work closely with Real Tech to expand strategic capital and powerful Japanese networks to the ASEAN market.(Mr. Maru)

There are other agricultural companies that Singapore is the center of the boom.One of them is the Yield Lab, which is globally supporting and investing Agritech companies.Late last year, the company launched his Yield Lab ASIA Pacific in Singapore to invest a $ 100,000 in the early stage agricultural food tech startup.

Earlier this year, the food tech specialized venture capital company BIG IDEA Ventures has also been launched in Singapore.Temasek Holdings, Big Idea Ventures, which supports TYSON FOODS, American food giant Tyson Foods, and Enterprise Singapore, procure 100 million dollars, invest in plants -centered food, alternative protein, and other food technology -specific startups.I was planning that.

The Singapore government had previously announced that it would open a 18 -hectares of agricultural food innovation park by 2021 to set the top of urban agriculture and fisheries -aquaculture technology.In addition to the promotion of the agricultural food industry and the strengthening of the startup support system, in 2018, several government agencies have launched an initiative called Foodinnovate.

Looking at other countries in the Southeast Asian region, you can see that many entrepreneurs are attracted to agricultural foods.

Livanes established the Singapore branch in 2010 to become a deep tech innovation network in Southeast Asia.A total of 568 teams have participated in the company's representative program, Tech Planter, as of this month.According to Livanes, more than 25 % of agricultural food tech companies account for more than 25 %, and the number has been increasing year by year since the 2014 program was launched.

In 2014, Focustech Ventures also started supporting Tech Planters.The company and Livanes have been partnering in February 2018 to interact with deep tech startups in Japan and Southeast Asian eco systems through their networks, but this matter has become stronger in cooperation.

Libernes and Kobashi Kogyo have also established a strategic business alliance last year to work on various agricultural issues in Southeast Asia and business opportunities.

Euglena, on the other hand, is participating in Nest-Bio Venture Lab, a research institute jointly founded by Libernes Group and Malaysian University of Technology in January for searching for new research seeds.

Looking in the future, Germi8 will use the strengths of each company to provide capital, connection, and expertise in agricultural food startups.

[Via Tech in Asia] @Techinasia

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