On Friday, the 20th of May, the Growhub announced that it inked a 5-year lease agreement with the Food Innovation Precinct Western Australia (FIPWA) to establish Western Australia’s first food innovation center, creating a corridor between the two countries for agri-innovation, research, and commercialization of new food products.
Both parties said in a statement that the collaboration would also enable Australian and global entrepreneurs, food companies, and agri-enterprises to cost-effectively network, research, develop, and market test new value-added food products derived from Western Australia’s primary produce, as well as develop new blockchain technologies to enhance food traceability. Construction of the center has already begun and is expected to be completed by July 2022.
“This is just the beginning of a new era which we believe is a true game-changer for the entire industry. We are excited to have kickstarted the initiatives together with the lease signing and area development. The immense support from our government bodies, committees, and stakeholders both in Singapore and Australia has been extremely instrumental in this process. The Growhub ultimately aims to bring trust to the table across Southeast Asia and continues to double down on addressing Singapore’s ‘30 by 30’ food security goal,” said Lester Chan, Founder, and Chief Executive Officer, The Growhub.
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