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Agri Business Review | Wednesday, April 28, 2021
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The global growth of the AgTech startups, started by the acquisition of Climate Crop by Monsanto in 2013, has arrived in Europe and started governing the industries there.
Fremont, CA: UN research reports think that more than 800 million people worldwide are underfed, a figure assumed to rise with the tremendous surge in population growth. With land and soil turning gradually sparse and the dramatic aftermaths of climate change are about to devour the crop yields, the longing to feed the projected global population remains an unfulfilled dream for the tech innovators.
This accelerating global food demand and the constant strive for sustainable agricultural solutions have made Agricultural Technology one of the most attractive sectors of today and the most preferred investment area of many international Venture Capitals. From precision farming to satellite farming, Agriculture Technology is transforming agriculture around the globe.
In the past few years, startups have sprouted, providing staggering innovations in the agricultural industry with new technologies to make farmlands more productive and sustainable and help small-scale farmers improve their yields and income.
Within other applications, startups are now bringing technology to look after the crops using drones and sensors, using robotics and automation to perform farm maintenance, using hydroponics to leverage production, utilizing AI to ensure the quality of stockbreeding, and supplying invaluable data to small scale farmers who do not even have access to smartphones.
Without further ado, let's look at the ten most promising AgTech startups in Europe, building AgTech of the future and will indubitably realize the dream of a second green revolution.
Augmenta
Augmenta is a fast-growing deep technology startup founded in Athens, Greece. Augmenta's state-of-the-art deep learning device aids farmers in substantially increasing their bottom line by boosting yield, reducing day-to-day input spending while at the same time enhancing the quality of the crops and protecting the environment. The robotic system dubbed 'Field Analyzer' created by Augmenta has become a blessing for farmers as it is helping them spray and fertilize their farms accurately. Augmenta also allows farmers to thoroughly monitor the health and quality of their crops via a plug-and-play device attached to the field equipment. As per the company's claim, the Field Analyzer can enhance crop yields by 12 percent.
LettUs Grow
This Bristol-based AgTech startup has made up a patent-pending aeroponic technology for effectively growing plants in controlled environments. This aeroponic technology supports the growth of herbs and shrubs and suspends plant roots in a nutrient-rich mist instead of soil to ensure more consistent and faster growth. It also increases the plant growth rate by over 70% compared to the other conventional methods for leafy greens, salads, herb production, consistent and predictable yields, and a 95% reduction in water usage.
Gamaya
Founded in 2014, this younger Swiss crop intelligence AgTech startup helps improve the efficiency and sustainability of the farming businesses using drone-based hyper-spectral imaging, satellite data, and Artificial Intelligence along with accurate weather forecasts. Gamaya's HSI technology enables the customers to promptly diagnose crop diseases and determine the required amount of protection chemicals for the crops. In addition, Gamaya focuses on providing plant and region-specific agronomy solutions such as yield forecasting, weeds detection, detection of nutrients, and more.
Sabi Agri
It is a French AgTech startup included in designing and manufacturing electric tractors. Founded in 2017, the company passes many agricultural projects involving field crop vine-growing and market gardening. Their top product Alpo is a robotable electric tractor that performs the same cultural operations as a thermal 40HP tractor. Its unique design is a significant innovation that ensures increased profitability and unparalleled versatility for businesses. Alpo is dedicated explicitly to market gardeners, grape growers, and arboriculturalists.
Agrivi
Agrivi is a Croatian AgTech startup that provides farm management software Agrivi.' This software is specifically built to help farmers plan, monitor, and analyze their activities. Agrivi also allows farmers to make sure high yield with smart pest and disease alarms that detect weather conditions in the agricultural lands.