VakSea to receive $50,000 StartupSG Award to accelerate product R&D, commercialization and market penetration
June 19th, 2019, Baltimore, MD – VakSea, a company that bio-manufactures functional feed additives to protect farm-raised fish and shrimp from disease, today announced it has received a Future Food Asia 2019 Startup SG award.
The Startup SG Award, valued at $50,000, was presented to VakSea CEO, Mihir Pershad, at the Future Food Asia 2019 Conference in Singapore, June 3-4, 2019. At the conference, Pershad presented VakSea and its core product and value proposition for the fisheries and aquaculture markets to more than 300 industry leaders, professionals and investors representing 13 countries.
The Future Food Asia 2019 Startup SG prize is given annually to agriculture tech companies that demonstrate the potential to have significant impact on the future of food in Asia and the agriculture ecosystem in Singapore.
“On behalf of the VakSea team, I’m truly grateful and honored to receive the Future Food Asia 2019 Startup SG award,” said Mihir Pershad, CEO of VakSea. “With this award and the continuing support of Singapore EDB, EnterpriseSG and the Yield Lab, we’ll be able to take advantage of meaningful opportunities to establish partnerships to drive R&D and commercialization for our core product. I also very much appreciate the opportunity to work with these vital organizations going forward as we establish VakSea’s market presence in Singapore and throughout Asia.”
In addition to VakSea, three other companies – Intello Labs from India, Phyto Corporation from South Korea, Shiok Meats from Singapore – received StartupSG awards at this year’s conference.
The Future Food Asia conference recognizes “up and coming talents and rewards entrepreneurs from the Asia Pacific region who are building disruptive and sustainable innovations to tackle the inefficiencies and scarcities in our agri-food value chain.”
VakSea uses insect larvae to biomanufacture functional feed additives that protect farm-raised fish and shrimp from disease. Using its innovative insect larvae production platform, VakSea can produce large-scale quantities of affordable protein-based feed additives for a variety of purposes, starting with preventing viral disease outbreaks on shrimp aquaculture farms. Learn more: www.vaksea.com
Ken Malone, VakSea