Summary
At Laava Tech, we are determined to make vertical farming a profitable and sustainable business to feed the increasing population in growing urban areas. It is crucial for vertical farmers to save energy and cut down on lighting costs, since the vast majority of their revenues are used to pay the electricity bill. As a result, only very few vertical farms are profitable today. Our solution, FarMind is an entirely new LED Grow Light System based on AI, capable of adjusting the light emitted by each LED light of a farm to match the exact needs of the plant lit underneath. FarMind reduces the lighting energy bill of vertical farms by up to 75% (vs LED grow lights), whilst increasing crop yields by up to 20%. Unlike other LED grow light technologies, which focus on light efficiency and crop optimisation, FarMind focuses on the real photosynthetic need of the plant. FarMind will revolutionise the vertical farming industry by vastly increasing its profitability. We will provide a drop-in solution, compatible with the existing infrastructure for our customers, indoor farmers. Our main revenue model will be based on providing FarMind as a service to leading farms. Our model will not only allow farmers continued access to the best technology, but also give them an immediate return on investment. Thanks to FarMind, vertical farming will be able to overcome its final growing pain to transition from niche solution to leading urban supplier of sustainably produced fruit and vegetables.
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More information & hyperlinks
| Web resources: | https://cordis.europa.eu/project/id/967978 |
| Start date: | 01-02-2021 |
| End date: | 31-01-2023 |
| Total budget - Public funding: | 3 424 442,00 Euro - 2 397 109,00 Euro |
Cordis data
Original description
At Laava Tech, we are determined to make vertical farming a profitable and sustainable business to feed the increasing population in growing urban areas. It is crucial for vertical farmers to save energy and cut down on lighting costs, since the vast majority of their revenues are used to pay the electricity bill. As a result, only very few vertical farms are profitable today. Our solution, FarMind is an entirely new LED Grow Light System based on AI, capable of adjusting the light emitted by each LED light of a farm to match the exact needs of the plant lit underneath. FarMind reduces the lighting energy bill of vertical farms by up to 75% (vs LED grow lights), whilst increasing crop yields by up to 20%. Unlike other LED grow light technologies, which focus on light efficiency and crop optimisation, FarMind focuses on the real photosynthetic need of the plant. FarMind will revolutionise the vertical farming industry by vastly increasing its profitability. We will provide a drop-in solution, compatible with the existing infrastructure for our customers, indoor farmers. Our main revenue model will be based on providing FarMind as a service to leading farms. Our model will not only allow farmers continued access to the best technology, but also give them an immediate return on investment. Thanks to FarMind, vertical farming will be able to overcome its final growing pain to transition from niche solution to leading urban supplier of sustainably produced fruit and vegetables.Status
SIGNEDCall topic
EIC-SMEInst-2018-2020Update Date
27-10-2022
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