Explore the words cloud of the CROPTI project. It provides you a very rough idea of what is the project "CROPTI" about.
The following table provides information about the project.
CROP OPTIMIZATION SYSTEMS SL
|Coordinator Country||Spain [ES]|
|Total cost||71˙429 €|
|EC max contribution||50˙000 € (70%)|
1. H2020-EU.3.2.4. (Sustainable and competitive bio-based industries and supporting the development of a European bioeconomy)
2. H2020-EU.3.2.1. (Sustainable agriculture and forestry)
3. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
4. H2020-EU.3.2.2. (Sustainable and competitive agri-food sector for a safe and healthy diet)
|Duration (year-month-day)||from 2016-08-01 to 2017-01-31|
Take a look of project's partnership.
|1||CROP OPTIMIZATION SYSTEMS SL||ES (MADRID)||coordinator||50˙000.00|
Market Problems/Opportunities: EU has a common legislative framework (CAP) regulating agriculture practices, subsidies & food safety standards (including traceability) across all member states. These obligations are the most demanding in the world, driven by European citizen’s awareness of the global impact on environment of agriculture and the need for safer products. This framework imposes the obligation to carry out a very extensive and detailed registry of all activities (field notebooks) performed by farmers within the scope of their operations (e.g. purchase of fertilizers, date of sow & harvest, obtained output etc.). Nevertheless, up to 50% of farmers admit to using paper Added-value product approach: Cropti has developed a revolutionary product, based on its own methodology and capabilities, to efficiently gather, manage and process traceability data. Through its web application, Cropti supports farmers and agricultural advisors in efficiently carrying out the field notebook, while using this data to generate business intelligence. This, support farmers and their advisors in three ways. Firstly, it saves time in fulfilling paperwork, secondly it turns this data into actionable information by providing a multiplatform dashboard which covers all KPIs of farming (expected profitability, detailed cost per activity, local efficiency benchmarks, etc.), and thirdly it provides a channel for communication of the different stakeholders surrounding a farming operation (owners, management team, operators, suppliers, etc.) Funding impact: As a result of this project, in a five-year term, Cropti expects to create over 80 high quality jobs: agricultural engineers, software developers, system engineers, designers and marketing specialists. As a consequence of our expansion and growth in the European market, we will reach an estimated turnover of €22,2M and an EBITDA of €14,6M by 2021
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The information about "CROPTI" are provided by the European Opendata Portal: CORDIS opendata.
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