Only last year, the amount of venture capital pumped into the indoor agriculture industry was 1.5 billion dollars already - enough to double the total greenhouse capacity of the US. With this statement Nick Houshower with Equilibrium Capital summarized the state of indoor agriculture: there's money, there's enthusiasm - but there's also challenges. These topics were discussed broadly during last weeks Indoor AgTech Innovation Summit, organized in New York.
The Indoor AgTech was held for the second time in NYC. The organization clearly focuses on a high-end event: talks during the seminar are strictly non-commercial, and the focus is on bringing CEO-level guests and speakers to the event. It resulted in two days of networking and discussing an industry that gains a lot of attention due to the high amount of investments being made into it, whilst the results of especially vertical farms are hotly debated.
The Indoor AgTech brought together technical suppliers, growers and retailers, and in doing so united the whole supply chain. While not all of them might have agreed on topics like the viability of vertical farms, the sustainability of the industry and the investments to be made, one thing can be concluded for sure, and that is that the interest in the industry is high, and within the next couple of years big changes will take place.
In the coming days we will offer you various insights and talk you through opportunities in Vertical Farming, Indoor Agriculture as a whole, and of course greenhouse farming as well.
First, it's picture time.
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