Startups Are Leading the Way in Agtech and Food Innovation
Right now, agtech and new food startups are hot in terms of funding, technical innovation, product development, and ROI, writes Cate Lawrence at TheNextWeb. Today, Startup Genome, in partnership with the Global Entrepreneurship Network, has launched the Global Startup Ecosystem Report (GSER): Agtech and New Food Edition. And it’s definitely worth a deep dive.
Looking for the latest trends or need to know information for your own startup or even your next investment? The GSER provides comprehensive, data-driven research on startups, with 280+ entrepreneurial innovation ecosystems and 3 million startups.
The report shares that the COVID-19 pandemic, spiraling fertilizer costs, supply chain disruption, climate change awareness, and recent geopolitical events have brought new urgency and mainstream attention to the issue of food security.
Whether through editing crop genes, rethinking logistics, or producing plant-based foods, startups are drivers of real change in the sector. And I am all for it.
What are the key areas in agtech and new food? The depth and breadth of the space is abundant. Agricultural technology captures the use of technology in agriculture, horticulture, and aquaculture to improve yield, efficiency, and profitability through information monitoring and analysis of weather, pests, soil, and air temperature.
There’s a strong focus on improving agricultural efficiency and sustainability, including field sensors, drones, farm-management software, robotics, vertical farming, and more.
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