About my Start-up
Proofminder Leaf-level Farming Platform enables agriculture to transition to plant and leaf-level farming by leveraging AI to extract actionable insights from drone images to provide growers with valuable information about every cm2 of their fields across the season.
Why your idea is a “winner"?:
Currently, widespread solutions in precision agriculture are mainly based on satellite images and cannot address challenges that require a closer look at plants, hence high-resolution imagery. By creating a SaaS platform, Proofminder puts an easy-to-use solution right into the hands of farmers. Agricultural professionals can access an almost unlimited number of use cases with a click of a button: plant stand count and distancing, crop monitoring, plant disease or weed detection, insect damage analysis, weather and wildlife damage analysis and many more.
What is your current or intended business/revenue model?:
We offer usage-based pricing – the end user pays only per processed hectare. The exact cost depends on the use case.
Thus, Proofminder follows a land & expand model, upsell is possible both in terms of area covered/processed and also AI solutions/use-cases applied.
Plus, we have a separate business model for Drone Partners, as they can build value-added services and are open to paid joint innovations for growers who want to solve their specific problems.
Do you have any Patent or IP registered (related to the solution that you are looking for an investment)?:
No, it is not required.
Has your technology already been implemented in any field/sector?:
Yes, tested and deployed in many Agriholdings, Seed production companies, Tree farms and more.
Which market and customer need(s)/problem(s) is (are) your products(s)/service(s) going to solve?:
Each year, plant diseases cost the global economy around $220* billion (by FAO); At least 25% of agricultural land in the EU should be under organic farming by 2030; Climate change significantly impacts crop yields. According to the EU’s Farm to Fork strategy, the amount of chemical pesticides and more hazardous pesticides should be reduced by 50% by 2030, while at least 25% of agricultural land in the EU should be under organic farming. Today’s intensive agriculture requires proactive and constant usage of chemicals to protect the yield and quality from different pests – FAO estimates that annually between 20-40% of global crop production is lost to pests. For this reason, different kinds of pesticides – herbicides, insecticides, fungicides, etc. – are constantly used during the growing season on fields and in horticulture: pesticide usage was between 350.000-400.000 t/year between 2011 and 2019. The amount did not decrease substantially despite the communicated directives of the European Union. One reason for this could be that in the case of traditional, non-differentiated spraying, chemicals are not sprayed where their effect is required on the plants, mainly due to technological constraints and since the infected area is unknown. This can result in a huge waste of chemicals, further increasing their negative impact on the environment.
Growers are under pressure – they need to sustainably meet their own production goals with the resources they have. Current solutions for precision farming like drone scouting or NDVI providing not efficient or low-quality data are hard to integrate and require technical knowledge or special equipment. Proofminder, on the other hand, brings precision agriculture to the next level by enabling growers to deploy Agro-specific AI models into their processes with a click of a button.
Share
Facebook
Twitter
LinkedIn
Telegram
Tumblr
WhatsApp
VK
Mail