According to conservative estimates, the global market
Posted: Mon Jan 20, 2025 9:35 am
investment potential of the plant growing industry at the forum "Digitalization of Agriculture" on June 11. According to him, a free niche is recommendation systems and solutions based on artificial intelligence (AI) for plant growing, it makes sense to invest in them.
"There are no full-fledged recommendation systems for plant growing yet. Foreign companies that have created such AI systems have left the Russian market. I urge institutional and private investors to pay attention to this sector and to evaluate its potential more highly. Here you can get ten "xes". With the low valuations uganda whatsapp resource of startups that appear, and with those factors of market growth, it is difficult to find a sector that will give a greater effect on the invested ruble," said Konstantin Ivanov.
for digital solutions in agriculture (hard and soft) will grow by 14% and reach $38 billion. In Russia, the industry occupies a significant segment of GDP. According to Rosstat, in 2022, the share of agriculture in Russia's total GDP was 5.76%, in absolute terms this is 153.44 trillion rubles. in 2022.
The industry has a land bank of 85 million in 2023, taking into account new regions. According to the Ministry of Agriculture, by 2030 the land bank will increase by 13.2 million hectares. In addition, according to Konstantin Ivanov, the trend towards consolidation of enterprises contributes to an increase in the number of solvent clients.
Konstantin Ivanov called the level of technology penetration low. This is confirmed by the HSE study "Digital Economy Indicators 2022". According to it, in Russia only 10.5% of households use digital technologies (most often this is Big Data - 23.3%).
"The 'low base' effect and the conservatism of the agro-industrial complex (AIC) segment have enormous potential for the implementation of technological solutions and growth in the valuations of AgTech assets. Given that Russia has large volumes of sown areas, a vendor that breaks into the lead in the Russian market will automatically become a significant global player," noted Konstantin Ivanov.
According to him, active growth in the Russian market is expected in the next three years with an annual rate of more than 15%.
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Digitalization of the agro-industrial complex shows moderate but stable growth
The demand for digital solutions in the agro-industrial complex grew by about 30% in 2023. The segment was particularly influenced by the transition to the status of mandatory specialized information systems of the Ministry of Agriculture of Russia. The preliminary results of the year in the segment of digital solutions for the agro-industrial complex were summed up by the company "Geomir".
According to Rosselkhozbank, the volume of funds attracted to agrotech in Russia in 2022 amounted to $30 million, while more than eight AgroTech startups received grants of up to 260 million rubles from the Skolkovo Foundation.
According to Konstantin Ivanov, there are few startups in the field of agricultural technologies in Russia, although the agro-industrial complex is one of the key segments for the development of cross-cutting technologies - the Internet of Things and AI. "The problem can only be solved with unmanned aerial vehicles (UAVs). In particular, this is done by GeomirAgro," he noted.
Ilya Voronkov, CEO of GeomirAgro LLC (the company offers, among other things, a solution for monitoring weeds using UAVs, i.e. copters), reported that in addition to working in Siberia, the Far East and the CIS countries, the company manages to work even in areas with flight restrictions in the South of Russia: it is possible to obtain permission to fly drones at low altitudes.
Director of the Agrotech Hub of the Skolkovo Foundation Natalia Chernysheva reported that Skolkovo allocates grants for AI startups in the amount of 20 to 100 million rubles - the grant is received by the customer of the solution, provided that it finances at least half the cost of implementation. In addition, grants can also be received by customers of other digital solutions (from 20 to 300 million rubles) and up to 700 million rubles, if the project is especially significant.
Read also
"There are no full-fledged recommendation systems for plant growing yet. Foreign companies that have created such AI systems have left the Russian market. I urge institutional and private investors to pay attention to this sector and to evaluate its potential more highly. Here you can get ten "xes". With the low valuations uganda whatsapp resource of startups that appear, and with those factors of market growth, it is difficult to find a sector that will give a greater effect on the invested ruble," said Konstantin Ivanov.
for digital solutions in agriculture (hard and soft) will grow by 14% and reach $38 billion. In Russia, the industry occupies a significant segment of GDP. According to Rosstat, in 2022, the share of agriculture in Russia's total GDP was 5.76%, in absolute terms this is 153.44 trillion rubles. in 2022.
The industry has a land bank of 85 million in 2023, taking into account new regions. According to the Ministry of Agriculture, by 2030 the land bank will increase by 13.2 million hectares. In addition, according to Konstantin Ivanov, the trend towards consolidation of enterprises contributes to an increase in the number of solvent clients.
Konstantin Ivanov called the level of technology penetration low. This is confirmed by the HSE study "Digital Economy Indicators 2022". According to it, in Russia only 10.5% of households use digital technologies (most often this is Big Data - 23.3%).
"The 'low base' effect and the conservatism of the agro-industrial complex (AIC) segment have enormous potential for the implementation of technological solutions and growth in the valuations of AgTech assets. Given that Russia has large volumes of sown areas, a vendor that breaks into the lead in the Russian market will automatically become a significant global player," noted Konstantin Ivanov.
According to him, active growth in the Russian market is expected in the next three years with an annual rate of more than 15%.
Read also
Digitalization of the agro-industrial complex shows moderate but stable growth
The demand for digital solutions in the agro-industrial complex grew by about 30% in 2023. The segment was particularly influenced by the transition to the status of mandatory specialized information systems of the Ministry of Agriculture of Russia. The preliminary results of the year in the segment of digital solutions for the agro-industrial complex were summed up by the company "Geomir".
According to Rosselkhozbank, the volume of funds attracted to agrotech in Russia in 2022 amounted to $30 million, while more than eight AgroTech startups received grants of up to 260 million rubles from the Skolkovo Foundation.
According to Konstantin Ivanov, there are few startups in the field of agricultural technologies in Russia, although the agro-industrial complex is one of the key segments for the development of cross-cutting technologies - the Internet of Things and AI. "The problem can only be solved with unmanned aerial vehicles (UAVs). In particular, this is done by GeomirAgro," he noted.
Ilya Voronkov, CEO of GeomirAgro LLC (the company offers, among other things, a solution for monitoring weeds using UAVs, i.e. copters), reported that in addition to working in Siberia, the Far East and the CIS countries, the company manages to work even in areas with flight restrictions in the South of Russia: it is possible to obtain permission to fly drones at low altitudes.
Director of the Agrotech Hub of the Skolkovo Foundation Natalia Chernysheva reported that Skolkovo allocates grants for AI startups in the amount of 20 to 100 million rubles - the grant is received by the customer of the solution, provided that it finances at least half the cost of implementation. In addition, grants can also be received by customers of other digital solutions (from 20 to 300 million rubles) and up to 700 million rubles, if the project is especially significant.
Read also