Spreading roots in Malaysia and beyond: Future Farms with Co-Founder Shawn Ng | 21st April 2022

In the Global Startup Ecosystem Report 2020, Kuala Lumpur ranked 11th in the category of the Top 100 Emerging Ecosystems with a perfect 10 score for market reach and performance and 9 for talent. In the Global Innovation Index 2021 Malaysia was ranked second only to China for the category of most innovative upper-middle income country and the Global Entrepreneurship Index ranked Malaysia’s entrepreneurial foundation second in the region of Southeast Asia following Singapore with a score of 40.1. The year 2021 saw a 58% increase in the number of startup IPOs as compared to the year prior, and also welcomed Malaysia’s first unicorn, Carsome.

With such momentum predicted to continue and grow in 2022, the world should continue to watch Malaysia’s tech startup ecosystem for more burgeoning startups. One such startup to keep an eye out for is Future Farms; an indoor farming start-up based in Kuala Lumpur. The company has emerged during the pandemic to grow food right within the city as a way to solve food security problems and bring fresh, pesticide-free vegetables directly to consumers. It is an AgTech company who builds our technology and knowledge in-house, and we provide solutions across the Indoor Farming value-chain – from farm building & design to the offloading of the end products. It also has a consumer-facing vegetable brand called The Vegetable Co.

In this webinar we invite the Co-Founder of Future Farms, Shawn Ng, to sit in conversation with us and talk about the company’s business model, growth prospects and unique challenges that they face in their pursuit for complete food security in Malaysia.

Timecodes:
00:00 Julia Charlton's welcome speech
01:15 Shawn Ng with an overview of Future Farms
08:22 Shawn tells how vegetable farms supply to people works
10:43 Shawn tells how the idea came to him
11:36 Shawn about COVID-19
15:29 Shawn about the potential for organic food and vertical farming
17:40 Shawn about startup
18:08 Shawn about employees, cultivation and delivery
19:35 Shawn about optimization and R&D
20:25 Shawn about commercial and market education
22:32 Shawn about price
23:08 Shawn about susceptibility to deseas of vegetables
24:02 Shawn about seeds
24:30 Shawn about how the decentralized remote farm network operates
25:36 Shawn about the taste and the quality
27:25 Shawn about water
29:50 Shawn about using of energy
32:13 Shawn about industry conferences
34:43 Shawn about home unit farm
36:42 Shawn about fundraising
37:57 Shawn about plans
41:10 Q&A session
49:06 Julia's closing remarks

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