As the United Kingdom continues to play a leading role in the agricultural technology industry’s future, we have compiled news stories and opportunities highlighting the promising expansion across the sub-sectors in the agritech industry. What better time to remind you that the Global Agritech Investment Assembly (GAIA) is less than 3 months away? Secure your ticket today, and don’t miss out on being part of the green tech adventure.
The conference covers the latest technological advancements that are making immense changes to the agritech industry. Thus, the event covers indoor production, sustainability, modernising farming, businesses, and much more.
To learn more about GAIA, visit our website and join us on our journey that aims to shape the agritech future.
The UK’s Potential for Agritech Growth and Expansion
According to the British Private Equity & Venture Capital Association and the UK’s Department for International Trade, over the last year, there has been a growing interest in the UK’s agritech. As a result, many firms and organisations have poured their investments into developing this industry and have taken it upon themselves to take it to the next level.
Over the last year, over 700 firms raised 11% of the globe’s total VC (almost £50 billion GBP). The UK has only contributed 2% to the global sum. However, Christopher Horne, an agritech specialist from the UK’s Department for International Trade, stated that “The UK can rightly claim to be the European champion for agritech investment.” and that “Agritech is a trending sector in the investment community, whereas it wasn’t probably two or three years ago,”
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The Agricultural Innovations for Sustainable Food Production
The agricultural world has been facing many setbacks due to everything happening in the world right now – global warming, climate change, COVID and many more. However, some professionals have seen this situation as a challenge, but others have viewed it as an opportunity to create and present technical solutions to the farm industry.
Lawrence Brown from the UK’s DIT said, “While the economy is going to go through a bit of a challenge over the next few years with everything that’s happening, it’s also a reason for accelerated innovation.”
Not only has the UK started focusing on agritech innovation, but the South West of England and the Midlands, where the dairy sector and precision engineering companies have a significant presence, have also engaged in this movement.
The UK has involved themselves in the agritech market and development. They launched four Agri-Tech Centres across the country in 2013, worth £90m, each focusing on crops, livestock, agricultural data and precision engineering.
Lawrence also stated, “The companies with forward-thinking technologies and concepts that make a big difference on the farm are growing rapidly and seeking investment to take their technologies to the next level.”
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Challenges for the UK’s Agricultural Sector
The agricultural sector has faced multiple setbacks, such as climate change, soil erosion and biodiversity loss. Another challenge for them is meeting the rising demand for more food of higher quality.
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The leaders in this sector have concluded that farming and food production should join hands with technology. Combining agriculture and technology will bring about productivity, efficiency and accuracy. Hence agritech has become the answer to solving many difficulties in the agricultural world.
Christopher Horne, an agritech specialist from the UK’s Department for International Trade, shared that “There’s a lot of challenges UK farmers need help with, and agritech companies can potentially contribute to,”. He also added, “There’s a big demand on the farmer to become more and more sustainable and efficient in production.” All of this highlights the need and potential of agritech.
UK markets for inputs, like crop protection, fertiliser, seeds, and animal health, are among the largest in Europe. Combined with the latest agricultural technology, this will elevate the UK’s agritech industry.
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Where to learn more about the UK agritech market and investment opportunities?
GAIA is the perfect place to be if you want to expand your knowledge and understand the value of developing the agritech industry, the challenges, and the investment opportunities.
The conference gathers professionals from the farming business and specialists from agritech. Together they will discuss all the industry’s setbacks and provide solutions and ways to improve production and efficiency.
Head to our website to learn more about the event and what we stand for.
We look forward to you joining us on our green tech journey. When purchasing your ticket, remember to enter the coupon code GAIA20 to receive a 20% discount.
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GAIA will be held on the 25th of October 2022 at etc.venues St Paul’s, 200 Aldersgate St.London, EC1A 4HD.
Be there, and don’t miss out on the fantastic chance to broaden your agritech knowledge,connections and explore investment opportunities. We can’t wait to see you there!
Categorised in: Green Tech