InnovaFeed: Circular business model is an idea that flies

From robot bees to AI-powered farms, firms are betting on the greenfield agri-food innovation sector in Asia. Sunday Times journalist Tee Zhuo looks at the challenges and speaks to six players.

A specially bred species of black soldier fly (left), whose larvae are used to feed fish. As they grow, the fly larvae's droppings are collected to produce fertiliser for food crops. French biotech firm InnovaFeed's site (right) in Gouzeaucourt, Fran
A specially bred species of black soldier fly, whose larvae are used to feed fish. As they grow, the fly larvae's droppings are collected to produce fertiliser for food crops. French biotech firm InnovaFeed's site (above) in Gouzeaucourt, France. The company is keen to make Singapore its headquarters for Asia.PHOTOS: INNOVAFEED
A specially bred species of black soldier fly (left), whose larvae are used to feed fish. As they grow, the fly larvae's droppings are collected to produce fertiliser for food crops. French biotech firm InnovaFeed's site (right) in Gouzeaucourt, Fran
A specially bred species of black soldier fly (above), whose larvae are used to feed fish. As they grow, the fly larvae's droppings are collected to produce fertiliser for food crops. French biotech firm InnovaFeed's site in Gouzeaucourt, France. The company is keen to make Singapore its headquarters for Asia.PHOTOS: INNOVAFEED
  • Published
    Dec 8, 2019, 5:00 am SGT
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With up to 70 per cent of the multibillion-dollar aquafeed industry situated in Asia, three-year-old French firm InnovaFeed is looking to enter the region and is eyeing Singapore as a possible base of operations.

Chief executive and co-founder Clement Ray describes his business model as circular, which reduces cost while being sustainable.

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A version of this article appeared in the print edition of The Sunday Times on December 08, 2019, with the headline 'Circular business model is an idea that flies'. Subscribe
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