Fund APAC, a subsidiary of Fund Asia will be established in Q3 2018 as our second licensed entity in the region following fervent support from the government, industry experts and universities in Australia. Fund APAC’s key interests in Australia lies in funding sustainable and renewable energy innovations, agricultural technologies, financial technologies and supply chain infrastructure projects.
PEEL BUSINESS PARK
Fund Singapore (FS) and Fund APAC (Australia) is working closely with the Peel Development Commission (PDC) and Murdoch University to potentially invest and develop a 290ha agri-tech industrial business park in the Peel region. This business park is envisioned to be the “food bowl” of Asia whose demand for food has been increasing over the past years significantly.
Discussions with PDC started in early October 2017 when PDC, along with Murdoch Singapore, met up with Economic Development Board Singapore (EDB) to outline the potential of the Peel Business Park. The Western Australia government’s vision is to maximise the value of the business park and its surrounding regions, with a land expansion target of 1,000 ha. Till date, the government has committed more than AUD 49 million in funding to facilitate and support the infrastructure of the business park, showcasing many state-of-the-art features and technologies.
FUND SINGAPORE CAMPAIGNS IN THE PEEL BUSINESS PARK
As a potential key stakeholder in the Peel Business Park, FS has plans to use ManukaLife, a company FS already invested in, as its showpiece to Asia. This is still in the concept development phase and talks are still in progress. ManukaLife is one of the pioneers in the agri-tech business in Australia and is leading the change in the industry with its R&D breakthroughs and successes. With a potential to incorporate food traceability, bio-secure environment, downstream high value processing, and manufacturing, ManukaLife is an ideal reflection of the Peel Business Park vision
From back (L to R): Jin Hao Low (FS Chief Investment Officer), Janine Hatch (PDC Principal Officer), Andrew Ward (PDC CEO), Charlie Clarke (Murdoch School of Law).Front: Professor Lyn Karstadt (Murdoch University Deputy Vice Chancellor International ), Paddi Creevey (PDC Chair), Robyn Clarke MLA (Member for Murray-Wellington), Lester Chan (FS CEO), Dr Christopher Vas (Murdoch SCRIPT Deputy Dean & Director).
During the meeting with LandCorp Western Australia, FS proposed the potential concept of using ManukaLife as the “poster boy” of the business park. LandCorp subsequently engaged Mackay Design (who was involved in the new Perth Stadium) to design the case model of ManukaLife in the business park. Below is an artist impression from the concept master plan dated Jan 2018.