What is Agritech?
Agritech is the sector description defining the new opportunities for technology and products that will assist in the feeding of a projected 10Billion global inhabitants by 2050. Sprout views these opportunities as the ability to use technology in areas from the paddock to the plate, in a way that will improve yield, efficiency and profitability through the sector.
The specific primary production areas covered in Sprout’s definition of agritech include:
The most common technology areas that are being utilised to create quantum improvements and therefore large scale business opportunities are:
- The use of sensors and ‘internet of things’ or precision agricultural
- Robotics and automation
- UAVs, their supporting software, hardware and sensing technology
- Big data
- Supply chain and logistics software