SmartVineyard receives €1 mln EU funding
Agrotech startup, SmartVineyard, a cutting-edge grape disease diagnostic and forecasting technology received €1 million European Union support for product scaling.
Precision agriculture innovations aiming to streamline production and optimize performance are expected to compel more attention in the future, as leaving fruit and vegetable supplies vulnerable to diseases contributes to imperiled food security.
The Hungarian grape protection technology company which ambitions to turn microclimatic and organic data into plant disease-forecasts to end overuse of pesticides in agriculture has achieved great success by getting 1 million Euros from the European Union’s largest R&D fund known as Horizon 2020.
The funding is expected to be used for scaling-up the fully operational and marketed SmartVineyard system by developing precision sensors and adapting the monitoring system for additional plant cultures.
“Agriculturists frequently base their decisions of when to spray on intuitions and are, understandably, overly cautious, leading to a significant overuse of pesticides.” Says Csaba Arendas, CEO of SmartVineyard. “We strongly believe that unlocking the power of very qualitative and quantitative agro-data sets could revolutionize plant protection activities.”
Novelty of the technology had already been recognized last year in Intel’s Global Challenge, where the innovation was ranked among the top 10 out of 20000 applicants at the prestigious Silicon Valley contest.