High-tech development companies Astarta and Borsch Ventures have formed a joint venture, Agro Core. She will develop innovative agribusiness management systems.
Well-known IT entrepreneur and chairman of the board of Borsch Ventures Yevhen Utkin believes that agriculture is the only sector of the Ukrainian economy that is of global importance. He noted that in the financial and telecom industries the penetration of modern technologies is approaching 100%, and in agribusiness – quite low. A joint venture with Astarta will allow the creation of highly efficient, innovative AgTech solutions for both Ukrainian and global markets.
Internet of Things (IoT) and big data technologies, which are rapidly developing in the world, are the most suitable for use in the agriculture of Ukraine. The main task of the new company is to integrate startups and ideas from two industries into a single platform and further bring the latest developments to market.
Ukrainian agro-industrial complex has room to develop. For example, the European level of milk yield is 6.3 tons per cow per year, and in Ukraine, according to the state statistics service, only 4.4 tons per year. Therefore, Ukraine has the potential to use and combine the two industries in which our greatest progress is agro and IT.
According to Mykola Horbachov, director of New World Grain Ukraine, the most promising for the use of IT technologies is the cultivation of berries, fruits, and vegetables, where the level of income per hectare is much higher than in large-scale grain production. He is convinced that high-tech solutions and high-speed information processing will effectively control the production process of the final product.