The British Government’s Food, Farming and Environment Minister, Michael Gove, has promised to deliver an ambitious new UK food strategy in 2019, embrace a properly funded 25-year environment plan and commit to rising investments in agritech.
Canadian vertical farming systems developer Inno-3B has completed its first seed round of financing at nearly C$6 million ($4.45m).
Located in Quebec and Ontario, the company provides turnkey vertical farming systems for a variety of customers, from researchers, biotechnologists, and small-scale farmers, to regional and multinational producers.
Tarfin, the Turkish digital platform that enables farmers to access agriculture inputs through instant financing solutions, recently completed a $1.3 million seed round.
Collective Spark Fund, a venture capital fund focusing on early-stage technology startups in fintech, consumer tech, and SaaS, led the round with a co-investment from Wamda Capital, a multistage VC focused on digital disruption.
Leading British politicians and AgriTech industry representatives met in the House of Commons in London this week to focus attention on the development of a £500 million ($650 million) AgriTech Cluster, to be located on the edge of the university town of Cambridge, in the UK.
The company’s development, called Actiphage, is aimed at a group of diseases caused by mycobacteria, including bovine TB which has already resulted in the slaughter of over 30,000 cattle in the UK and cost the British taxpayer more than £100m
Britain’s Agriculture and Horticulture Development Board (AHDB) is committing £5m ($6.9m) to fund the country’s farm sector PhD students in an effort to overhaul the UK industry’s “fragmented” innovation and skills pipeline.
As England’s only officially designated ‘Less Developed Region’, the area has received grant support from the European Regional Development Fund (ERDF) and a range of local and national development partners.
Located at Harper Adams University, the Agri-EPI Centre is the first of four agritech innovation centers under the UK's agritech strategy that are being jointly funded by the ag industry and the government.
The company says its technology is transforming poultry production by turning a cost center -- dealing with waste manure -- into a source of fuel, thereby driving farm profitability through reduced energy bills.
The startup spun out of Vlaams Instituut voor Biotechnologie (VIB), the life sciences research institute founded by the Flemish Government in 1995, and raised all the funding from local Belgian investors.
The Good Kitchen, launched last year as Europe's first accelerator program for social startup businesses tackling food issues, will award low-interest loans to the startups to get their businesses off the ground.