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April 28, 2021 5:19 pm
Ireland has the potential to become “a real leader” in agricultural technology (agtech), as long as the “right ecosystem” is created for companies to be able to collaborate and help each other grow.
With researchers estimating that the total value of the agtech market could reach $22.5 billion by 2025 globally, rising from $9 billion in 2020; there is reason for optimism and continued innovation according to Padraig Hennessy, CEO of Terra NutriTECH and chairman of newly-launched Agtech Ireland.
‘An emerging sector’
The idea for Agtech Ireland came from Hennessy identifying a “need for collaboration” between agtech companies in Ireland; to have a space for them to come together and share ideas.