Blog Post

Australian agtech inventor makes MIT emerging innovator shortlist

Georgia Fryer

Agtech entrepreneur recognised by the MIT Technology Review for founding FluroSat

Anastasia Volkova, CEO and founder of FluroSat, has been named as one of MIT Technology Review’s 20 emerging innovators under 35 in the Asia Pacific.

Volkova was selected from a pool of 200 candidates for her data analytics company, which combines imagery and farming records to generate recommendations on how to improve crops.

FluroSat claims its remote sensing technology and analysis tools can increase yields by 10 to 25 per cent while reducing fertiliser usage by up to 30 per cent, water usage by 25 per cent and the amount of nitrogen that is wasted.

The company uses hyperspectral cameras attached to drones and satellites to assess the health and potential of crops by taking snapshots of crop yields and collecting different ‘signatures’ in the soil that can recognise signs of stress, disease or deficiency.

The infrared imagery is also predictive because the cameras can identify nutrient deficiencies a week earlier than a farm would.

Volkova said she wants to use the FluroSat technology and decision support tools to “optimise crop production everywhere in the world to provide sustainable crops for a growing population.”

“Right now, it’s not profitable to be feeding the world and this is a challenge; it cannot stay like this for much longer.” Volkova explained.

The agtech company has secured $ 4.6 million in funding from companies including Microsoft’s venture fund M12, Artesian and GRDC’s GrainInnovate Fund and the Artesian Clean Energy Fund.

This funding will be put towards expanding FluroSat globally.

“I wanted to prove the company is scalable, and the value proposition is universal,” Volkova said.

Already, FluroSat is broadening its reach in the US market, targeting the supply chain, food processors, and brands that supply consumers, but Volkova says there is growth opportunity beyond the US market.

You can see here the full list for the MIT Technology Review’s Innovators Under 35 for the Asia Pacific region.

NEWS
16 Feb, 2024
HARDI Australia has long been at the forefront of technological development for Australian farmers, giving way to a game-changing solution to the perennial agricultural problem of weed control.
By Jessica Martyn 16 Feb, 2024
When it comes to building and maintaining a successful farming business in Australia, implementing the right solutions to deliver and preserve essential resources like fresh water is crucial – and in these ponds, White International is an authority more than 70 years strong.
16 Feb, 2024
After five decades of consistently setting new standards in forage harvesting technology, including perfect cut quality, ideal chop length, and efficient kernel processing, CLAAS has recently released a special edition JAGUAR 990 TERRA TRAC model at Agritechnica.
By By Jennifer McKee 16 Feb, 2024
In today's fast-paced world, embracing technology has become essential for industries to thrive, and the Australian agriculture industry is no exception.
04 Dec, 2023
As a Landcare group, one of our main interests is to increase ecological resilience in our local area. Many of our landscapes have been cleared of vegetation in previous decades, so we have the task of supporting landholders to plant trees and shrubs to replace those that are missing. The benefits of revegetation are manifold. They include providing habitat for a range of native animals; controlling erosion and salinity; increasing farm productivity through nutrient cycling and shade and shelter for stock; and drawing down carbon from the atmosphere. But as weather patterns become more variable and we experience more climatic extremes, we need to think about which plant species – and which plant genetics – are most appropriate in our revegetation efforts. We are forced to ask will our local plantings be able to survive our future climate? Up until recently, it has been common for people to preference locally sourced seed when re-planting. This has been based on the idea that such plants will be best adapted to local conditions. However, there is growing understanding among scientists and land managers that we need to shift our focus to plants that can persist as the climate changes. This involves looking at which plant species are most appropriate by focussing on species that have a wide distribution and grow in our area and also in hotter areas, and increasing the genetic diversity of our tubestock so they have the best potential to adapt over successive generations. Our Landcare group has been tackling this issue for the past several years, working with scientists and AdaptNSW to find the best way forward. There are several key steps involved: understanding our local future climate, analysing whether selected local species can survive in climates like the one projected for our area, and sourcing seed for those likely-to-survive species from a range of areas to increase the genetic diversity of our plantings. Planting the right species with good genetic diversity gives revegetation projects the best chance of survival into the future. It’s not just about making sure the individual tubestock will grow, but that future generations of those plants will be able to survive and thrive. Luckily there are some good resources available for farmers, land managers and groups interested in climate ready revegetation. The Royal Botanic Garden Sydney has launched the Restore and Renew Webtool ( https://www.restore-and-renew.org.au/ ), which is a wonderful way for people to incorporate both climate change and genetic information when sourcing seed or plants. The NSW Niche Finder is invaluable for those who want to dig further into climate variables and species distribution ( http://www.nswnichefinder.net/ ). For future climate information, the CSIRO and Bureau of Meteorology have joined forces to provide a user-friendly online tool ( https://myclimateview.com.au/ ). And AdaptNSW also provides projected climate change information for different regions of the state ( https://www.climatechange.environment.nsw.gov.au/projections-map ). The Yass Area Network of Landcare Groups also has detailed information about our work on climate ready revegetation and relevant resources our website: https://yan.org.au/projects/climate-ready-revegetation-project As the climate changes, our revegetation efforts are more important than ever. And we need to make sure that they are ‘climate ready’ so that their benefits persist well into the future.
04 Dec, 2023
Some weeks, Amy Pascoe spends more time with mushrooms than humans. In this Q&A the Little Acre co-founder talks stereotypes, innovation, and the problem with “Grown in Australia” labels.
Show More
Share by: