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Over the past few months, Cooperative Ventures, the investment arm of farmer-owned cooperatives CHS and GROWMARK, joined forces with World Agri-Tech to search for companies with solutions bridging the gap from collecting data to generating insights and recommendations.
After a selection process through 100 entries submitted from all over the world, the three finalists Ukko Agro, Autonomous Pivot and Precision.AI will go head-to-head for a chance to work with this fund, and potentially win some investment.
Commenting on the finalists’ selection, GROWMARK’s Director of Innovation Heather Thompson said: “We had great participation in the Innovation Challenge and saw applications across the spectrum of data analysis and digital intelligence. The three finalists are each tackling the ag data opportunity from a different angle. We’re excited to learn more about their compelling companies at the Innovation Challenge Finals on March 14 at World Agri-Tech.”
Meet the three finalists with breakthrough technologies that accelerate innovation for the benefit of farmers and cooperatives in North America:
Ukko Agro
Ukko Agro’s localized weather and forecasting technology helps farmers mitigate risk and get high returns from their high-value input investments. Their proprietary Field Adaptive and Integrated Modelling platform ForeSite delivers field-specific staging information up to 14 days in advance, suggesting where and when to apply high-value insecticides and fungicides.
Read more about Ukko Agro by visiting their website here.
Autonomous Pivot
Autonomous Pivot strives to increase farmers profit in pivot-irrigated row-crops through the use of sensors and AI. By transforming center-pivot irrigation systems into an intelligent, AI-driven robotic platform, the company is supporting farming returns. Its proprietary, non-invasive sensors and cameras provide growers with an affordable solution that autonomously maximizes crop yields while saving on water and other inputs. With stable precision spraying for broad acre farms
Read more about Autonomous Pivot by visiting their website here.
Precision AI
With its custom-built AI-powered drones, Precision AI offers plant-level herbicide applications at broad-acre scale, ultimately taking crop production decisions from a whole field to an individual plant. Its autonomous drones shift field spraying to be targeted from the air at only the weeds, which results in massive chemical savings all the while removing the reliance on remote internet connectivity.
Learn more about Precision AI by visiting their website here.
The chosen start-up will enjoy vital mentorship and support from the Cooperative Ventures team. Join the World Agri-Tech Innovation Summit in San Francisco this March 14-15 to see the winner crowned live on stage!
About Cooperative Ventures
Cooperative Ventures is a venture capital fund founded in late 2021 as a joint venture between CHS and GROWMARK, two of the largest farmer-owned agricultural supply cooperatives in North America. The fund focuses on innovative solutions and emerging technologies that positively impact farming. In addition to providing capital, Cooperative Ventures is committed to developing mutually beneficial commercial relationships between startups and our farmer-owned cooperative partners.
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