iBio uses highly automated indoor farming methods to manufacture pharmaceutical drugs and, according to Barry Holtz, president, it already has much of the technology that today’s food-growing indoor farms are just starting to develop.
The proclaimed dominance of technology over biology by this category of entrepreneurs has left some food safety experts concerned that consumers could be getting the wrong idea and startups may be drinking their own kool-aid.
We caught up with Eri Hayashi, director of International Relations & Consulting of the Japan Plant Factory Association (JPFA), a non-profit organization devoted to academic and business advancements in Japan's indoor ag industry.
Indoor farming software startup Agrilyst has raised an undisclosed strategic round, bringing in new investors with the aim of expanding the scope of its product offering and entering the Chinese market.
In a gradually maturing industry, companies need to focus on the primary scope of their business if they want to be successful. For indoor farmers, this may mean a choice between selling technology and selling produce.
Twenty Seventeen has been quite the year for the agrifood technology startup scene, with some of the largest-ever funding announcements on record. And we've been pretty busy at AgFunderNews too, nearly doubling our member and subscriber base to 55,000 and posting over 450 original articles.