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North Vancouver-based AgTech Company Ecoatoin Receives $3 Million Investment From Federal Government of Canada
Tuesday, April 2, 2019Company Profile | Follow Company
North Vancouver, BC, May 2, 2019--(T-Net)--Ecoation Innovative Solutions Inc. announced this week that the Government of Canada has made an investment of $3 million in the company to increase the crop yield of greenhouse growers.
This investment in Ecoation supports an autonomous AI-powered platform for pest management and yield prediction technology that will increase the crop yield of greenhouse tomato growers while reducing spoilage and eliminating the need for pesticides.
Ecoation's technology uses autonomous robots, light and laser-based chemical measurement and machine learning to detect early signs of stress in plants in large-scale farms and greenhouses.
This technology allows growers to find and fix their crop problems faster. It will also result in lower greenhouse gas emissions and chemical consumption.
This project received investment and support from Sustainable Development Technology Canada (SDTC), which helps Canadian entrepreneurs accelerate the development and deployment of globally competitive clean technology solutions. This investment will contribute to maintaining 25 jobs at Ecoation and creating 23 additional ones, according to the government.
"With a rapidly increasing demand for food production, farmers are actively seeking environmentally and economically beneficial ways to increase crop yield. SDTC is investing in Ecoation's technology because it provides greenhouse growers with a chemical-free means of improving their yields through early plant-stress detection." said Leah Lawrence, President and CEO, Sustainable Development Technologies Canada.
Dr. Saber Miresmailli, Founder, CEO and Chairman of the Board of Directors (Photo Credit: Ecoation Innovative Solutions Inc.)
"At Ecoation, we believe access to clean food is a human right. Our made-in-Canada technology democratizes healthy eating. Our platform captures and digitizes the knowledge of growers and translates the signals of stressed plants before symptoms become visible. We use robotics and AI to expand growers' presence and push their knowledge beyond the boundaries of time and geography. Through this platform, we can pinpoint issues at the earliest stages and eliminate the need for pesticide applications. Ecoation merges the art and science of food production. We are extremely honoured to receive this investment, which will enable us to take our Canadian technology to the global stage while creating more jobs and opportunities here in Canada." stated Dr. Saber Miresmailli, Founder and CEO, Ecoation Innovative Solutions Inc.
Quick facts
About Ecoation Innovative Solutions Inc.
Ecoation is a privately held AgTech company built on more than 15 years of research and development.
Founded by an immigrant couple in 2010, the family business has attracted world-class investors, advisors, and employees from all over the world throughout the years. Ecoation is now growing into a powerhouse of talent and passion for making a positive change in the world. At Ecoation, we received several awards and recognitions, nationally and internationally, including the 2018 GreenTech Innovation Award in the Netherlands, 2017 First Prize of the New Venture BC Competition, 2016 NVCC Award of Innovation Excellence and 2015 IAFBC Award of Innovation Excellence in Agriculture.
Our proprietary and patented technology enables us to non-invasively measure and assess plant defensive chemistry, detecting minute changes in plant health before symptoms become visible. In the past five years, Ecoation has participated in international projects funded by the Bill & Melinda Gates' Foundation and the United Nations' CTCN. Ecoation has also been actively involved in municipal, provincial and international food-related politics as an advisor to the Minister of Agriculture in BC, a member of the Vancouver Food Policy Council and a member of the UN High Forum to make the United Nations' SDG a reality.
Ecoation is a plant and grower centric platform that merges deep biology, automation, sensing, artificial intelligence, intelligence augmentation, and robotics to change the way we produce and protect our food.
Company Snapshot |
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Ecoation Innovative Solutions Inc.
North Vancouver (CleanTech & Energy)
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