The Yield Lab on Tuesday announced the launch of its fourth venture fund and startup accelerator, which will be based in Singapore and focused on “driving innovation across the entire Asia Pacific region,” according to a press release.
Established in 2014, the St. Louis-based Yield Lab already has accelerators in North America, Europe and South America. The programs invest $100,000 early-stage companies specializing in areas including precision agriculture, plant science, animal health and food ingredients.
The accelerators also offer mentorship and other programming.
Thad Simons, the Yield Lab’s co-founder and managing director, cited Asia’s dense population as a driving factor in the organization’s plan to set up an accelerator program there.
“Establishing the Yield Lab in Asia Pacific, where 60 percent of the world’s populations lives, is a logical extension to our the Yield Lab funds in North America, Latin America and Europe,” Simons said in a press release.