{"id":98836,"date":"2024-09-12T22:20:36","date_gmt":"2024-09-12T19:20:36","guid":{"rendered":"https:\/\/indexeconomic.com\/?p=98836"},"modified":"2024-09-12T22:20:36","modified_gmt":"2024-09-12T19:20:36","slug":"farmacy-and-futurebright-announce-joint-venture-to-build-a-sustainable-green-food-network-across-australia-and-new-zealand","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=98836","title":{"rendered":"Farmacy and FutureBright Announce Joint Venture to  Build a Sustainable Green Food Network Across Australia and New Zealand"},"content":{"rendered":"<p style=\"text-align: left;\"><strong>\u00a0<\/strong><span style=\"font-style: inherit; font-weight: inherit;\">Farmacy International Pty Ltd (Farmacy) from Hong Kong and FutureBright Society Enterprise Pty Ltd (FutureBright) from Australia today announced a strategic\u00a0joint venture, Farmacy ANZ, aimed at\u00a0driving sustainability in agricultural innovation\u00a0and developing scalable green food networks across multiple sectors.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">Farmacy is a partner company of the Hong Kong Science and Technology Parks Corporation (HKSTP), establishing its green R&amp;D space at the DT Hub in Tseung Kwan O InnoPark. As the first urban farming technology company in Asia creating Smart Mobile Farms with cloud-based control capabilities for highly urbanized cities, the team is dedicated to realising the mission of \u201cdriving the New Green Normal Movement, enabling ecological farming of safe and fresh produce right in the heart of the city\u201d. With the world-class infrastructure and a range of resources provided by HKSTP\u2019s I&amp;T ecosystem, Farmacy successfully accelerated the commercialisation of their R&amp;D outcomes.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">In 2023, the company was nominated by the Hong Kong SAR government to participate in the APEC Bio-Circular-Green Award where it was recognised as one of the awardees, demonstrating the strong potential of its smart mobile farm. Farmacy is now further expanding its business footprint into Australia and New Zealand by partnering with FutureBright, a leader in sustainable urban planning and architecture. Together, the venture plans to integrate agricultural innovations that enhance urban living across Australia and New Zealand.<\/span><\/p>\n<p style=\"text-align: left;\"><strong><span style=\"font-style: inherit; font-weight: inherit;\">Pioneering Green Urban Living with Cutting-Edge Indoor Farming Technology<\/span><\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">Over the past five years, Farmacy has engaged with restaurants, hotels, major conglomerates, supermarket chains, and over 50 schools across Asia. Utilizing its advanced indoor farming technology, Farmacy has facilitated the cultivation of over 100 safe and affordable plant species. By merging this technology with FutureBright\u2019s expertise in urban development, the joint venture aims to elevate green urban living, providing valuable insights into the agricultural needs of the Australia and New Zealand (ANZ) market.<\/span><\/p>\n<p style=\"text-align: left;\"><strong><span style=\"font-style: inherit; font-weight: inherit;\">Green Development Opportunities in Australia and New Zealand (ANZ)<\/span><\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">The joint venture focuses on advancing green agricultural development in ANZ. By combining FutureBright\u2019s urban planning expertise with Farmacy\u2019s innovative indoor farming technology, the partnership will support and enhance the region\u2019s green and carbon-reduction policies. This initiative aims to implement sustainable agricultural practices that align with national sustainability goals, promote environmental stewardship, and address local challenges, ensuring significant advancements in green urban development.<\/span><\/p>\n<p style=\"text-align: left;\"><strong><span style=\"font-style: inherit; font-weight: inherit;\">Meeting the Demand for Sustainable Indoor Farming Solutions in ANZ<\/span><\/strong><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">There is strong interest from potential leads in the retail, hospitality, and education sectors across Australia and New Zealand. This demand highlights the need for advanced indoor farming solutions, which are currently lacking in these sectors. The joint venture is set to introduce innovative technology that will enhance guest experiences and operational efficiencies, creating a replicable model for sustainable agriculture tailored to the unique needs of the ANZ market.<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">Raymond Mak, Co-founder of Farmacy, stated, &#8220;We are not replacing traditional agriculture but building a more sustainable food system in urbanized cities. Our technology is poised to be a game-changer, contributing to a sustainable future for communities in Australia and New Zealand.&#8221;<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">Michael Chan, Director of FutureBright, added, &#8220;This joint venture reflects our shared vision of innovation and sustainability. We look forward to collaborating with Farmacy to enhance agricultural practices and promote green urban development.&#8221;<\/span><\/p>\n<p style=\"text-align: left;\"><span style=\"font-style: inherit; font-weight: inherit;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0Farmacy International Pty Ltd (Farmacy) from Hong Kong and FutureBright Society Enterprise Pty Ltd (FutureBright) from Australia today announced a strategic\u00a0joint venture, Farmacy ANZ, aimed at\u00a0driving sustainability in agricultural innovation\u00a0and developing scalable green food networks across multiple sectors. Farmacy is a partner company of the Hong Kong Science and Technology Parks Corporation (HKSTP), establishing its &hellip;<\/p>\n","protected":false},"author":2,"featured_media":98837,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-98836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Farmacy and FutureBright Announce Joint Venture to Build a Sustainable Green Food Network Across Australia and New Zealand - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=98836\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Farmacy and FutureBright Announce Joint Venture to Build a Sustainable Green Food Network Across Australia and New Zealand - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"\u00a0Farmacy International Pty Ltd (Farmacy) from Hong Kong and FutureBright Society Enterprise Pty Ltd (FutureBright) from Australia today announced a strategic\u00a0joint venture, Farmacy ANZ, aimed at\u00a0driving sustainability in agricultural innovation\u00a0and developing scalable green food networks across multiple sectors. 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