ECOSYSTEM UPDATE – Nordetect Moving Forward!
Copenhagen-based Nordetect is an analytical hardware company that produces Lab-on-a-chip devices for environmental and agricultural analysis. With Nordetect, farm managers, agricultural service providers, and indoor growers can remove risk and use valid data that is easy to understand and implement to ensure richer harvests.
This month for our HelloScience Ecosystem update we check-in with Nordetect, who has just closed a $1.5 Million USD seed investment round. Congratulations and best of luck to the Nordetect team! You can read more on TechCrunch and AgFunderNews. CEO and co-Founder Keenan Pinto brings us up to date.
Q: It’s been an exciting year for Nordetect – could you give us a brief update on your journey over the last year?
A: 2020 was an interesting year as we shifted gears to focus on indoor farming as our go-to market segment for our nutrient analysis product. Soil analysis is still an important application and we plan to work on it through partnerships with local stakeholders in target markets, but for now, our focus is on indoor.
Q: Could you briefly explain Nordetect’s Lab-on-a-Chip Technology and why it is an important and impactful innovation?
A: Our product allows growers to monitor their water quality and optimize the use of nutrients. This prevents unnecessary wastage of these chemicals and reduces the burden on wastewater treatment plants. Beyond this, we are working on new applications that are aimed at food safety.
Q: Nordetect has just closed a $1.5M seed investment round – what do you hope to achieve through the new investments, particularly in terms of scale and impact?
A: The new funding allows us to make the necessary investments in process automation to bolster our supply of the product as we tap into the exploding number of farmers turning to new technologies. We are very eager to now start scaling up the manufacturing of our Lab-on-a-chip consumables and deliver to our early customers.
What do you see as the biggest opportunities for collaboration and innovation in the AgTech space in the years ahead?
A: We are increasingly seeing larger corporations collaborating with startups through investments, co-development, distribution arrangements, and other similar activities.