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DealStreetAsia

US incubator forges Thailand's food and agtech value chain

Plug and Play to link startups and investors for 'farm to table' ecosystem

A worker processes coconuts at a Chaokoh plant in Samut Songkhram Province, Thailand. U.S. accelerator Plug and Play Asia Pacific looks to improve the Thai food supply chain.   © Reuters

KUALA LUMPUR -- Silicon Valley-based incubator and accelerator Plug and Play Asia Pacific on Thursday announced it will launch its first Southeast Asia food and agtech accelerator program in Bangkok on July 29.

The program is dedicated to scaling up startups that can help address challenges across the food production value chain, from farm to table, Plug and Play said in a statement. 

"We are very excited to bring about a new innovation track in food and agtech, after the success of our Smart Cities Program. We plan to source and engage the most innovative startups to digitally transform corporations, and provide new opportunities for investments in the ASEAN region," said Plug and Play's head of corporate innovation, Executive Vice President Shawn Dehpanah.

The program will connect leading corporations, governments, and investors with the Plug and Play ecosystem, which boasts over 20,000 startups with technologies including digital and sustainable farming; feed and animal health; food processing; microbiomes; personalized nutrition; supply chain logistics; waste reduction; consumer analytics; and retail, the company said.

For the original story from DealStreetAsia, click here.

DealStreetAsia is a financial news site based in Singapore that focuses on private equity, venture capital and corporate investment activity in Asia, especially Southeast Asia, India and Greater China. Nikkei owns a majority stake in the company.

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