IPI Innovation & Technology Senior Manager, Adeline Chan, advises businesses to consider the potential of transforming agri-food side streams—products that are typically discarded—into valuable products for growth and sustainability.

IPI Innovation Advisor Harish Methil shares how SMEs in the agri-food sector have a unique opportunity to pioneer sustainable solutions amid rising global food demand and environmental pressure.

Authored by: Leonard Chong

• Precision fermentation is revolutionising the food industry by offering sustainable, health-conscious, and economically viable alternatives to traditional food production methods.
• This technology is gaining traction in Singapore, with support from the government, Institutes of Higher Learning and food-based MNCs that have taken root locally.

Leaders from major companies like Schneider Electric and Mondelez International share their insights on how SMEs can embark on sustainable growth journeys. Find out more from their keynote speeches at TechInnovation 2024.

Alvin How, Chief Technology Officer at IPI, advises innovators to leverage open innovation and platforms like TechInnovation to overcome obstacles and accelerate growth.

• GenAI and LLMs boost efficiency and innovation in business operations, enhancing areas like customer service, data analysis, and process automation.
• Challenges such as data privacy, AI biases, and integration complexities must be addressed to fully realise the benefits of these advanced technologies.

• Enhancing Agri-Inputs: Focus on developing high-value, specialised agri-inputs like feed additives and bio-stimulants to reduce dependency on imports and strengthen food security.
• Sustainable Farming: Adopt innovative practices and vertical integration to make local farms more financially viable and resilient, while converting side streams into valuable products to support a circular economy.