Government grant to help Australian company extend its Precision Yield Management platform
The Yield Technology Solutions has been selected to share in the New South Wales Government’s Physical Sciences Fund.
The Australian-headquartered company has received a A$1.78m grant under the programme.
The funding will help The Yield extend its Precision Yield Management platform. The company aims to unlock added value for customers through optimisation functionality and entering new crop categories.
“Food waste costs the Australian economy over $36 billion each year, with up to 25 per cent of Australian crops never leaving the farm due to pests, disease handling or weather,” said Ros Harvey, founder and CEO of The Yield.
“Our customers are vertically integrated – growing, processing and packing as well as marketing their crops. Our new optimisation functionality will enable them to match on farm production to their value chain needs and constraints. This makes them more profitable whilst securing food supply chains and reducing waste. This was all key to our PSF application.”