Trendlines and Mitsubishi team up to identify agrifood start-ups

TRENDLINES Agrifood, an investment vehicle of the Singapore-listed Trendlines Group, on Monday announced a partnership agreement with Mitsubishi Corporation to identify emerging technologies and start-ups of interest to their global integrated business enterprise.

Trendlines is an Israel- and Singapore-based investment group focused on high-growth medical and agrifood technologies. Japanese general trading firm Mitsubishi has operations spanning many industries. It is exploring innovations from Israel, where the agrifood sector has undergone rapid development in the past decade.

Explaining the tie-up, Trendlines Agrifood said it has experience scouting and evaluating agrifood technologies for investment and development, which Mitsubishi hopes to tap to identify promising technologies that can be built to provide breakthrough innovation to global enterprises.

Shares of Trendlines ended at S$0.106 on Monday, down S$0.002 or 1.85 per cent.