In a dog eat dog business world, John Cheng goes against the norm to demonstrate the power of “we” in his many leadership roles.
John Cheng isn’t content to just mind his own business. His responsibilities as director of Cheng Yew Heng Candy Factory – his family’s 72-year-old establishment and Singapore’s largest and oldest rock sugar supplier and manufacturer that trades internationally and enjoys an annual turnover of $100 million – already has him working round the clock, but that hasn’t stopped him from helping others with their ventures.
Last year, he launched Innovate 360, Singapore’s first incubator focused on start-ups in the food manufacturing sector. The 90,000 sq ft facility offers 360-degree support for all aspiring food innovators, from linking start-ups to mentors in the private or public sector, to sharing manufacturing facilities, laboratories, and even distribution channels.
This platform, in which the company has invested $15 million for infrastructure development, is aimed at connecting and creating a collaborative community that will propel innovation within the food manufacturing industry. To date, it has seeded several start-ups, ranging from aquaculture and agritech, to deep tech such as cell-grown shrimp.
This story is from the 35 Years Of Luxury edition of The PEAK Singapore.
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This story is from the 35 Years Of Luxury edition of The PEAK Singapore.
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