Prepare for the grant as if it’s granted: How Agtech startup FluroSat secured a $3 million research grant
Agtech startup FluroSat has secured a $3 million Cooperative Research Centres Project (CRC-P) grant, fast-tracking it in its mission to make data insights more accessible for the agriculture industry.
The grant will allow FluroSat to develop a scalable predictive agronomic analytics system, in partnership with Agworld, PCT Agcloud, AgLink Australia and CSIRO.
Speaking to StartupSmart, FluroSat founder and chief Anastasia Volkova explained the technology combines imagery and farm records with scientific models to produce recommendations for how to optimise a crop, allowing it to reach its full potential, and giving agronomists better value.
In December 2017, FluroSat secured $1 million in funding from CSIRO Main Sequence Ventures and Airtree Ventures, plus $700,000 in grant funding.
Since then, the startup has seen “phenomenal growth and development of the product”, Volkova says.
Already, the startup had its MVP and had conducted trials and validation procedures, she adds.
“Last year was about validation and commercialisation.”
Now, the startup has users in seven countries across the world, and Volkova is focusing on growing the business in Australia and the US.