Opportunity
We sell our technology platform systems to companies globally that build and operate indoor, climate-controlled farms.
The global crop agriculture indoor farming market is segmented by technology (hardware, software & services, integrated system), installation (greenhouse, indoor vertical farm, container farms), cultivation method (hydroponics, aeroponics, aquaponics, soil-based and hybrid), and product. It is growing at a 9.65% cumulative annual growth rate (CAGR).
UBS (former Union Bank of Switzerland) estimates that $700 billion dollars will be spent on agricultural innovation by 2030.
The yearly global indoor farm sales market is forecast to grow from $121 billion dollars in 2019 to $167 billion by 2025 (5.4% CAGR).
We help communities repurpose existing building while affording cities and entrepreneurs with the tools they need to create sustainable businesses and satisfying jobs, locally.
Solution
Our Spectrix™ technology components (lights, sensors and controls) assesses the internal growth controls all plants have for adapting or responding to environmental changes during growth and uses a signaling mechanism to instruct the plant to alter growth controls to achieve desired results. This signaling mechanism in our lights responds to stimulus “signatures” in plants by changing the internal growth instructions, just as it would in nature, but with less interference in the instructions. By providing a managed environment that matches the “signature” provided to the plants, the plants respond using their own internal metabolic responses.
Impact
Increase Food Security
Reduce Carbon Footprint of Agriculture
Symbiotic Systems’ demonstrated solution decreases the energy costs of growing produce indoors significantly, by using proprietary targeted signaling, while at the same time increasing plant output by 300% to 500% using normal seeds. This is an effective reduction of growing costs by three to five times while producing nutritionally valuable food, or record levels of pharmaceutical raw materials. The technology has also shown reduction in total time to harvest in several crop species by up to 20%.
