SINGAPORE - Mushroom roots could one day form the structure of your house.
The agriculture waste can be converted into a low-cost building material that is "stronger than concrete", Indonesia-based company Mycotech demonstrated at the Temasek Ecosperity Conference, held on Tuesday (June 5).
It was one of many innovations showcased at the one one-day conference, held at Suntec Convention Centre in conjunction with the United Nations World Environment Day.
Co-founder Ronaldiaz Hartantyo told The Straits Times that the company is collaborating with ETH Zurich's laboratory in Singapore to bring the innovation here.
The conference brought together 600 delegates from 23 countries to discuss sustainable development.
Minister for Trade and Industry Chan Chun Sing told the conference that there are physical dimensions to sustainability, such as water, energy, urban design and food, and also non-physical ones, including healthcare, social integration and education.
He added that Singapore can "master our destiny" if it manages its resources well.
A report launched at last year's conference said that there are US$5 trillion worth of economic opportunities in the area of sustainable development in Asia alone.
This year's conference aims to unlock more of these opportunities through the sharing of ideas.
Mr Fraser Thompson, director of consultancy firm Alphabeta which was commissioned to write the conference reports, told The Straits Times that the stereotype of Asian businesses being unreceptive to change has been proven wrong. He said: "Businesses care, but there is a lack of scale for the innovations to take off."
The Ecosperity Conversations Report observed that fundamental change is needed to ensure sustainability across many industries.
Temasek Chairman Lim Boon Heng said that "taking a business-as usual approach will not work".
Food was one of the key focuses cited. Mr Lim said that we need to relook at how food is produced and consumed, as "a third of the food produced worldwide doesn't even reach our plates".
Mr Chan added that we must harness technology to optimise food production and find "new ways to grow high quality, premium food".
The conference also turned to youths to share their ideas. Almost 1,000 young people shared ideas at a global innovation workshop.
Projects funded by Temasek Foundation Ecosperity were also on display. They included a "smart dustbin" which is equipped with image recognition technology to track the types of food thrown away and provide data for businesses to adjust their purchasing decisions in order to cut waste. The foundation has pumped $17 million into funding 18 projects.
Correction note: An earlier version of the article referred to Temasek as Temasek Holdings. This is inaccurate. We are sorry for the error.