On 19 April 2024, Singapore startup TeOra and Atlas Aquaculture Pte Ltd have signed a Memorandum of Understanding (MoU). This strategic partnership signals their joint commitment to infuse the aquaculture sector with cutting-edge technologies and sustainable practices.
Singapore-based biotech startup TeOra stands at the forefront of innovation in disease management in agriculture and aquaculture. Their work focuses on developing orally administered therapeutics for farmed fish and shrimp. Atlas Aquaculture, a land-based fish farm in Singapore, leverages a proprietary closed-loop recycling system, to deliver fresh, nourishing, and sustainable fish products.
With the planet's oceans serving as a vital lifeline, supporting the livelihoods of over 3 billion people worldwide, TeOra believes the imperative to develop sustainable aquaculture practices through continuous innovation. The MoU will primarily look to establish a collaborative framework between TeOra and Atlas Aquaculture to spearhead joint projects aimed at propelling the aquaculture industry forward. By pooling their expertise, the two companies seek to delve into research and development initiatives geared towards enhancing the sustainability and optimacy of aquaculture practices.
“We are looking forward to collaborating with Atlas Aquaculture, a company with deep expertise and infectious enthusiasm on bringing innovation in the aquaculture space. Driven by a common mission, our complimentary expertise will drive the frontiers of innovation to make the industry sustainable, clean and healthy for all.” said Rishita Changede, founder and CEO of TeOra.
“Rarely do you get the chance to meet a company that has the same passion and incredible expertise that TeOra comes with, and even rarer again that you get the opportunity to work alongside. We are so excited to be in a position to develop much needed solutions for an industry that is developing at speed, great things on the horizon.” said Kane Mcguinn, Co-Founder and CEO of Atlas Aquaculture.
TeOra previously won the prestigious 2023 edition of The Liveability Challenge, where they clinched the top prize for their groundbreaking innovations alongside Susteon. Their accolades include a substantial grant funding of S$1 million and a further S$100,000 investment from PeakBridge VC, underscoring the industry's confidence in their visionary endeavors.
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Written by: Joie Ong, Senior Marketing Associate, Plug and Play APAC
