Michael Ong
Singapore (SGP)
Role(s):
Leempeng Enterprise Pte Ltd
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Startup
Location:
Singapore
Industry:
Bio-Technology
Description:
We innovate bulky, massive products into convenient DIY (Do It Yourself) handy products. Presently having success in Rubber latex exploitation kits called Patch N Tap website : (URL removed)\(URL removed) which is handy for use in Rubber plantations to increase latex yields from rubber trees from 20gms a tree/per tap to up to 200 gms. This stimulation technology already introduced with success in Malaysia, Vietnam, Cambodia, India and Sri Lanka.
To finance automated productions. Production quantity expected at 2 million kits a day. 1 rubber tree needs 2 applicator kits per year. There are more than 2,000 million trees in the ASEAN region. We expect to capture at least 30% of the market for the first 3 years. Value of rubber prices has tripled in the last year.