If you’ve been following Sustainable America’s evolution over the last two years, you know that part of our philosophy is that investing in entrepreneurs and startups is an effective way to help increase the sustainability of our food and fuel systems. What you might not know is how we do it, and what some of our criteria are for making these investments.
With the global demand for calories expected to grow by almost 50% over the next 40 years, the question on many minds is how to produce enough food to feed the world population. Though crop yields in the United States have grown in the last decade, they must continue to grow — and some farms are starting to use precision agriculture to do just that.
Here’s a head-scratching statistic: In 2010, crop growers in the United States lost $20 billion a year due to insect damage despite spending $4.5 billion on pesticide applications. It turns out that agricultural pest management is a surprisingly inefficient system that involves sticky traps, updating spreadsheets, and a lot of legwork.
An Indiana-based startup, has come up with a way to save growers legwork, hassle, and money—and reduce the amount of pesticides sprayed on crops—by automating the insect-tracking process. We spoke with Kim Nicholson, Spensa Technologies’ vice president of business development, to learn more about the product and the company.
The results are in from the Village Capital VentureWell startup accelerator program that took place in Louisville this summer. Two innovative ventures were selected by their peers to receive $50,000 to continue growing their young companies.