In addition to a farm advisory and an online shop for equipment and supplies, Aquaconnect provides financing, insurance and a network for farmers to connect with potential customers. CEO: Rajamanohar Somasundaram Key backers: Flourish Ventures, Omnivore, Rebright Partners The Coastal Aquaculture Research Institute, operating as Aquaconnect, provides services for fish and shrimp farmers.India Category: Agriculture Year founded: 2017 Ampd Energy says it launched its generators early last year and that they are already used by 20 property and construction companies, including Jardine Matheson’s Gammon. CEO: Brandon Ng Key backer: HKSTP, ParticleX Using lithium-ion battery technology, Ampd Energy’s electric generators are said to power construction cranes while emitting less greenhouse gas and making less noise than traditional diesel generators.Hong Kong Category: Construction & Engineering Year founded: 2014 The company says it has raised $4.1 million in total funding, including from the university’s Edge Capital Partners, and expects to double sales this year to $1 million. CEO: Amane Kimura Key backer: University of Tokyo Based on two decades of University of Tokyo research, Algal Bio says it cultivated 3,000 unique algae strains for use in biofuels, cosmetics, medicines and supplements.Japan Category: Biotechnology & Healthcare Year founded: 2018 It benefited from rising demand for local produce after Covid-19 disrupted food supplies and made consumers more health conscious. The company says its base of turnkey farm equipment grew by 200% in 2019 and another 750% in 2020. CEO: Stuart Oda Investment banker-turned entrepreneur Stuart Oda’s Alesca works with customers worldwide to build indoor farms.It says it charges $15,000 for a three-year lease plus 10% of a harvest’s profits, and has raised over $4.5 million in capital.Ĭhina Category: Agriculture Year founded: 2013 CEO: Jyunichi Saito Key backers: Eneos Innovation Partners, Jafco Answering a critical farmer shortage in Japan, Agrist has applied for Japanese and international patents for its AI-driven robot harvester.Japan Category: Agriculture Year founded: 2019 CEO: Nimantha Baranasuriya Key backers: Foundamental, Seeds Capital, Wavemaker Ackcio produces automated geotechnical remote sensors that verify ground stability at construction sites.Mainland China has just four, as many candidates were above the required maximums for revenues or funding. The lively startup communities in India and Singapore produced 22 and 19 companies, respectively. Top categories include biotechnology & healthcare, e-commerce & retail, food & hospitality and education & recruitment. Seventeen countries and territories are represented. Their inclusion in the list comes in part from addressing problems such as improving transportation in congested cities, expanding affordable connectivity in remote regions and preventing food waste. At a time when economies worldwide are struggling from the pandemic, these agile companies are on a growth path. Asia-Pacific’s small companies and startups on the rise.įrom underwater drones to satellite propulsion systems and everything in between, the inaugural Forbes Asia 100 to Watch list spotlights notable small companies and startups on the rise across the Asia-Pacific region.
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