Malaysian Tech Startup Webinar on 21st April 2022 Recording with dynamic entrepreneur:
Mr Shawn Ng, Co-Founder of Future Farms
Shawn Ng is the Co-Founder of Future Farms, an indoor farming start-up based in Kuala Lumpur. He had experiences that spanned from civil rights and social work to developing green businesses for impact. Prior to starting the company, he had experiences in business development for a solar company that caters to East African countries, along with sustainability & impact analysis for a Malaysia credit agency. Academically, he had a BA in Politics, Philosophy and Economics (PPE) from the University of Hull, United Kingdom, as well as a Master’s Degree in Green Management, Energy and Corporate Social Responsibility (MAGeR/ MASEM) at the Bocconi University, Italy.
Ms Julia Charlton, Chairman of the Commonwealth Chamber of Commerce
Future Farms is 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. that is available in Kuala Lumpur.
During this webinar with Future Farms’ Co-Founder, Shawn Ng, we had an informative discussion on the AgTech startup scene in Malaysia. The one hour long event included a comprehensive presentation on vertical farming, indoor farming and hydroponic plant cultivation, and a fascinating discussion of Future Farms’ business prospects and their unique challenges in tackling Malaysia’s food security problem through the use of sustainably sourced fresh vegetable produce that is also instrumental in the education of the population on the need for ecological urbanism.
Malaysia was one of the first in the region to prioritise its digital economy and the sector continues to play an increasingly important role for the nation’s development. Several government initiatives by the Ministry of Science, Technology and Innovation (MoSTI) such as the Malaysian Science, Technology and Innovation and Economic (MySTIE) framework, Malaysia Venture Capital Management Berhad (Mavcap) and the Malaysia Digital Economy Corporation (MDeC) have been dedicated to support and fund local champions and burgeoning startups. Such concerted efforts have generated impressive results; the Global Startup Ecosystem Report 2020 ranked Kuala Lumpur 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 202 Malaysia was ranked second only to China for the category of most innovative upper-middle income country and the Global Entrepreneurship Index ranks Malaysia’s entrepreneurial foundation second in the region of Southeast Asia following Singapore with a score of 40.1.
Watch the full recording now available with instant playback.