Arctic Farming is an AgriTech startup based in Otaniemi, founded in 2019 by a team of experts in the space industry with a mission to revolutionize the way food is produced on Earth and beyond by making vertical farming mainstream.
Their solution (patent pending) enables anyone to grow fresh herbs, leafy greens, or berries on their own premises, regardless of location. Arctic Farming’s business model is based on leasing these vertical farming appliances to the HoReCa and hospitality sectors.
To measure the impact of their startup on sustainability, Arctic Farming is currently searching for a reliable partner to conduct a life-cycle assessment of their product and its environmental impact. As the vertical farming market has been known to not communicate its true impact on the environment, Arctic Farming aims to change this by communicating transparently about its environmental impact with regular reports.
The business model was first ideated during a Master’s level innovation course in Otaniemi, which prompted the founders to research vertical farming further and build an MVP in the spaces of Aalto University Design Factory. The business kicked off in earnest once they met their first angel investor, Henrik Poulsen, in 2019, and Arctic Farming was established later that year.
Arctic Farming plans to collaborate with the City of Helsinki through pilots and storytelling, aiming to establish a sustainable urban food ecosystem. As a participant in the Urban Tech Helsinki program, Arctic Farming has had a wonderful experience so far.
Read the entire article at Arctic Startup