AgTech Breakthrough, a leading market intelligence organisation that recognises the top companies, technologies and products in the global AgTech market, today announced that IGS has been selected as winner of the “Vertical Farming Solution of the Year” award in the 2021 AgTech Breakthrough Awards programme.
“One of the biggest challenges our society is facing is growing food and feeding the world in a more sustainable way. AgTech is an exciting sector and vertical farming technology has a key role to play in developing solutions to this challenge while working in partnership with traditional farmers,” said Bryan Vaughn, Managing Director of AgTech Breakthrough Awards. “IGS is an innovative and forward-thinking company whose commitment to the future is making an impact in supporting globally sustainable food supply chains. Congratulations on being our choice for 'Vertical Farming Solution of the Year.'”
The mission of the annual AgTech Breakthrough Awards programme is to conduct the industry’s most comprehensive analysis and evaluation of agricultural and food technology categories, including Internet-of-Things (IoT) and Artificial Intelligence (AI) based agricultural technologies, farm management, indoor farming, food quality, data analytics and many more. This year's programme attracted more than 1,500 nominations from over 15 different countries throughout the world.
“As the global population continues to grow, food production on a local level will be vital to supporting complex global supply chains. With our solution, operators are able to produce and deliver a fully automated vertical farm that uses up to 50% less power, 80% less labour, and 96% less water than traditional methods,” said David Farquhar, CEO of IGS. “We are truly honoured by this incredible accolade from AgTech Breakthrough. Especially as a relatively small company from Scotland, being among our global peers is a testament to the ingenuity and forward-thinking approach of our whole team. We will continue to go above and beyond into the future.”
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Thursday, November 11, 2021
Thursday, November 4, 2021
Intelligent Growth Solutions Ltd (IGS), the Scottish agritech business, has today announced the conclusion of its Series B funding round with a total raise of £42.2 million. The announcement was made at its COP 26 exhibition site and welcomed by First Minister of Scotland Nicola Sturgeon MSP. The latest investment round has been supported by a conglomerate of new investors including COFRA AG (Zug, Switzerland), Cleveland Avenue LLC (Chicago) and DC Thomson (Dundee, Scotland).