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Farmacy and FutureBright Announce Joint Venture to Build a Sustainable Green Food Network Across Australia and New Zealand

LAST UPDATED: 11 September, 2024
Farmacy and FutureBright from Australia signed a cooperation agreement at this year’s Belt and Road Summit, forming a joint venture, Farmacy ANZ, to drive sustainability in agricultural innovation across Australia and New Zealand.
Unveiling advanced indoor smart farming solutions to pioneer sustainable food production and revolutionizing distribution to achieve long-term sustainability goals

Farmacy International Pty Ltd (Farmacy) from Hong Kong and FutureBright Society Enterprise Pty Ltd (FutureBright) from Australia today announced a strategic joint venture, Farmacy ANZ, aimed at driving sustainability in agricultural innovation and developing scalable green food networks across multiple sectors.

Farmacy, an award-winning leader in urban farming technology and pioneer of the New Green Normal Movement, has partnered with FutureBright, a leader in sustainable urban planning and architecture. Recognized with the 2023 APEC Bio-Circular-Green Award for its Smart MobileFarms, Farmacy brings cutting-edge expertise to this venture. Together, they plan to integrate agricultural innovations that enhance urban living across Australia and New Zealand.

Pioneering Green Urban Living with Cutting-Edge Indoor Farming Technology

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’s 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.

Green Development Opportunities in Australia and New Zealand (ANZ)

The joint venture focuses on advancing green agricultural development in ANZ. By combining FutureBright’s urban planning expertise with Farmacy’s innovative indoor farming technology, the partnership will support and enhance the region’s 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.

Meeting the Demand for Sustainable Indoor Farming Solutions in ANZ

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.

Raymond Mak, Co-founder of Farmacy, stated, “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.”

Michael Chan, Director of FutureBright, added, “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.”

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