You will have noticed which our focus expanded to technologies. After months of research and years of investment, ag engineering is an active sector focus, but its. Two of our portfolio companies, Promethean Power and SlimTrader, deploy their technologies. Weve seen a flurry of action and were excited about the tendencies and inventions that are currently making it an impact investment prospect. Global Shifts – Projections show that there’ll be 9 billion individuals in the world by 2050. The Food and Agriculture Organization estimates say we need those people to be fed by a 70% increase in food production by 2005 levels, and distribute, we’ve to grow, harvest, and consume our food.
Our growing population is becoming more and more urban: the World Health Organization evaluates that 7 out of 10 individuals will live in a town by 2050. Weren’t gaining resources such as water or soil, nor are we gaining farmers. The proportion of those people employed in those agricultural industry declines as economies continue to grow. The areas that might have the largest population gains, South Asia and Sub Saharan Africa have the highest proportion of their population today, working in agriculture: 50% and 60%, respectively. This is bound to decrease as their savings progress. To put this in viewpoint, less than 2% of the U.S.
Population is employed in agriculture. Started to become aware of our customer choices and policies affect our food the environment we purchase. Still, this awareness requires technology, tools, and innovation to inform wise and sustainable choices. Innovation and Technology – There is a lot of innovation in the mobile\/IT and energy spaces that have the potential to make a huge impact on the farm. For instance, wise power systems, precision agriculture tools, farm management applications, and economical sensors are all within reach of even those smallest farmers now. From Nairobi to San Francisco, California and by Tallin to Sydney, entrepreneurs are benefiting from new technologies which makes these products possible. We see potential in radio frequency technologies, those Internet of Things and those big data which comes along with it, and also in clean technology improvements from environmental energy, to waste-to energy, to renewable sources. Eventually, we think that all of those technology, when deployed efficiently, will work to reach the following long term objectives. Long Term Objectives – Efficient pest control and resource efficiency As said before, a decreasing proportion of farmers in those world have to make more for a growing population.