Investment Opportunity
PES is a start-up developing a sensor system to help farmers improve their soil health. The company was founded in late 2017 with investment at the pen and paper stage by the deep-tech investment fund Deep Science Ventures, and we instantly won grant funding from an accelerator looking for climate-change-mitigation solutions. We used those funds to successfully complete a proof-of-concept study with one the UK’s leading agricultural research institutes, and we have now started larger, follow-on grant-funded projects, which are driving our technology development. We are looking to raise a minimum of £600,000 in our Seed Round.
LIVE PITCHING
PES' CEO Andrej Porovic pitching at one of Angels Den's events.
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INTERVIEW WITH ENTREPRENEUR
PES' CEO Andrej Porovic interviewed by Angels Den's CEO Manuel Costescu
THE IDEA
Products & Services
We intend to provide complete information on soil health, in-field, in just 5 minutes onto the user's smartphone. It is the unique way in which we detect soil health that puts us head and shoulders above our competition. We quite literally smell the soil. Our proprietary sensor is like a dog’s nose, and we will train machine learning software to detect a whole range of things farmers need to know about their soil just from it being sniffed. And not only that, but by training our sensor to detect a whole range of odours, we will provide through one test the data farmers currently collect through many tests. Our tool consists of a reader unit and test strips.
Problem Solved
Healthy soil should be teeming with life, especially microbial life, without which soil would merely be dust. However, intensive agriculture is degrading soils worldwide. The most productive soils in the UK are becoming less productive each year. Indeed, legislators across the globe are waking up to the looming soil health crisis. In the UK, soil heath is being placed front and centre of the new agricultural bill. But agronomists and farm managers lack a way to easily monitor changes in soil health in a way that provides good value for money for farms. They need a simple way to assess the impact of adopting novel practices or products to ensure profitability now and in future
Revenue Model
We will sell our soil health analysis tool and its required test strips to large farms and agronomy companies, who will use it with their clients. Our German test strip manufacturer can scale production as needed. Our business model allows us to operate without many overheads.
Exit Strategy
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The Idea
Products & Services
We intend to provide complete information on soil health, in-field, in just 5 minutes onto the user's smartphone. It is the unique way in which we detect soil health that puts us head and shoulders above our competition. We quite literally smell the soil. Our proprietary sensor is like a dog’s nose, and we will train machine learning software to detect a whole range of things farmers need to know about their soil just from it being sniffed. And not only that, but by training our sensor to detect a whole range of odours, we will provide through one test the data farmers currently collect through many tests. Our tool consists of a reader unit and test strips.
Problem Solved
Healthy soil should be teeming with life, especially microbial life, without which soil would merely be dust. However, intensive agriculture is degrading soils worldwide. The most productive soils in the UK are becoming less productive each year. Indeed, legislators across the globe are waking up to the looming soil health crisis. In the UK, soil heath is being placed front and centre of the new agricultural bill. But agronomists and farm managers lack a way to easily monitor changes in soil health in a way that provides good value for money for farms. They need a simple way to assess the impact of adopting novel practices or products to ensure profitability now and in future
Revenue Model
We will sell our soil health analysis tool and its required test strips to large farms and agronomy companies, who will use it with their clients. Our German test strip manufacturer can scale production as needed. Our business model allows us to operate without many overheads.
Exit Strategy
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