Project Facts
Location
Austria
Burgenland
Project Volume
1-5 Mio. EUR
Applied Financing Solutions
Grants, Private Equity, Crowdfunding
Project Dates
Start: 2017
In operation since/from: 2024
The Story
PhytonIQ GmbH, founded in 2017, develops solutions for the indoor farming of the future. The aim is to grow large quantities of food and plants in the smallest of spaces. The goals are the reduction of
environmentally harmful food imports, the reduction of greenhouse gas emissions by shortening long transport routes and the effective and the effective conservation of resources. This is because PhytonIQ indoor cultivation does not require any artificial fertilisers, requires only a tenth of the water of conventional/organic farming and scores with a higher nutrient density in the product.
In order to counteract the criticism of high electricity consumption, the electricity required comes exclusively from renewable energy. Almost half of this comes from the photovoltaic system on the roof of the PhytonIQ production facility. In addition, wind energy systems will provide even more sustainably produced electricity in the future.
electricity. PhytonIQ's goal is to operate the plant with 75 % electricity from its own production by the end of 2022.
With the planned renaturation project, the reforestation of an agricultural area of almost 2 hectares with bushes, shrubs and trees in the immediate vicinity of the plant, PhytonIQ is also compensating for the 0.2 hectares of built-up area of the production plant and research facility. This is PhytonIQ's contribution to restoring valuable habitat for humans, animals and the environment.
environment.
Success Factor | Hero Moment
Wasabi cultivation is a successful example of the economic and sustainable aspects of indoor farming and is unique in the world. With a growth phase of 1-2 years and the uncompromising demand for optimal growing conditions, wasabi has also been growing in Oberwart since 2020. At the end of 2021 - after 4 years of research - an iron raw material based on radish microgreens was fully developed, jointly with BIOGENA. Currently, more than 2 billion people worldwide suffer from iron deficiency. The plant-based iron preparation will make a significant contribution to the treatment of iron deficiency. With the PhytonIQ franchise model, the mOrganIQ Plant Boxes - mobile, technologically fully equipped cultivation containers - PhytonIQ offers climate-friendly solutions for the regional supply of fresh produce such as salads. In the future Plant Boxes will secure the basic supply in regions that are poor in soil, water and energy on a global scale.
Submitter
PhytonIQ GmbH, Austria
Other Involved Stakeholders
BIOGENA
Contact Mail
office@phytoniq.com
Website
www.phytoniq.com/en/
