Business Chief APAC+ANZ Magazine March 2020 | Page 81

NEXT GENERATION INNOVATION
Using hydroponic farming techniques - which reduce water wastage and ensure that crops are grown quickly year-round - Farm8 plans to cultivate “ some 30 types of vegetables , including varieties of lettuce , basil and edible flowers ” in a 200 square meter cultivation room . According to the Nikkei Asian Review , Farm8 plans to harvest between 30 and 40 kg of vegetables every day for sale in adjoining cafes and local restaurants .
NEXT GENERATION INNOVATION
Seoul , like many large cities , is abuzz with young , innovative firms looking to make their mark on the global economy . Primarily tech driven , local startups are focusing on developing smart city initiatives to benefit the lives and businesses of the city ’ s population . At this year ’ s Consumer Electronics Show ( CES ) in Las Vegas , the Seoul Business Pavillion played host to 20 “ homegrown startups ,” as well as demonstrations of the municipal government ’ s own smart city initiatives .
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