Simon Deacon, CEO of Light Science Technologies added: “This is an especially important boost to our business. To be selected by Innovate UK is confirmation of the urgent need for more sustainable, productive and cost-effective solutions in farming. Investment in UK technology and innovation in this sector is crucial in achieving a better approach to agricultural production and reducing emissions.”
Light Science Technologies (LST) has secured part of a £90 million government investment to support the UK’s most innovative technology to boost agricultural productivity and set food production systems towards net zero emissions by 2040.
Innovate UK Executive Chair Dr Ian Campbell said: “There are many innovative projects in our latest feasibility competition showcasing ideas for improving productivity and cutting emissions that range across the whole agricultural sector, from arable, to livestock, to sensor technology and to new biopesticides. Our funding and support for these projects is ongoing.”
The Derby-based company is one of just 23 feasibility projects which has been awarded funding from the UK’s innovation agency Innovate UK, as part of its Transforming Food Production (TFP) challenge, after a highly competitive process attracting many applications nationwide. In partnership with Nottingham Trent University, the company will be leading the project to develop a growing sensor and innovative transmission node for vertical farms over the next six months, synergy with their light and science offering.
The IoT precision data solution for vertical farming will help boost productivity and efficiency, reflecting the government’s drive to help the agricultural sector grow economically with less environmental impact.
The ‘all in one’ indoor farm sensor will enable farms to monitor and control their environment by measuring key areas including light, water, air, temperature, humidity, oxygen and soil to ensure optimal plant productivity and yield.
The Controlled Environment Agricultural (CEA) market is growing fast at a CAGR of 21 percent, with increasing demand from AgTech CEA farmers looking to install or replace existing indoor farms to achieve maximum yield on crops for optimum profitability. High start-up costs are attracting investment from stakeholders eyeing the potentially significant ROI opportunity.
Through its custom-made solution for the CEA market, LST works with growers to provide an integrated, cost-effective and low maintenance solution that can be used across different crops to achieve maximum yield, creating the full growing “recipe” of lighting, nutrient and environment.
The sensor will form a vital part of its bespoke offering, reducing energy and saving costs using technology and real-time data. LST is focused on becoming a technology-driven trailblazer in vertical farming innovation and technology over the next four years, as it looks set to shape the future of the CEA market.
For more information:
Light Science Tech
Claire Brown, PR Consultant
[email protected]
www.lightsciencetech.com