December 2, 2014
A partnership of companies including Innovative Endeavors and Frextronics’ Lab IX have created ‘Farm 2050’ which aims to support agtech startups through seed capital, manufacturing facilities, testing equipment, and management guidance. The initiative will focus on robotics and data science applications that can resolve global food waste and increase food security. The collective is not releasing the amount it plans to invest in such endeavors, however, agtech has become one of the most active sectors of all cleantech investments. In the third quarter of 2014 corporate and venture equipment in agriculture and food reached $269 million across 41 deals- 29% higher than the second quarter and 48% higher year on year. Other companies in the Farm 2050 collective are AGCO, DuPont, Google, 3D Robotics, and United Technologies’ Sensitech division. To read more about the dynamic investment activity occurring in agtech:
To receive relevant news stories with summaries provided by GAI Research & Insight, subscribe to Global AgDevelopments, our free weekly enhanced eNews service
Let GAI News inform your engagement in the agriculture sector.
GAI News provides crucial and timely news and insight to help you stay ahead of critical agricultural trends through free delivery of two weekly newsletters, Ag Investing Weekly and AgTech Intel.