SALICROP SIGNED

Project "SALICROP" data sheet

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 Partnership

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 Project objective

Salinity is among the major global burdens limiting food production, natural or human induced, ~20% of the global irrigated soils are already affected by salinity. Seed producers, aware of the billion-dollar business opportunity, have tried to overcome the salinity barrier without success. Salicrop Ltd, a Israeli Agtech startup, develops seed treatments for saline soil and water, which enables growing crops on marginal land and/or irrigation with brackish water. Salicrop finalized its Proof of Concept (POC) with numerous successful trials of tomatoes, peppers, spinach, rice, wheat and corn with average of 30% increase in crop yield under salinity conditions. After successfully piloting the prototype version of seeds treatment bio-technology, the team can confirm the capability of its breakthrough product to open new markets starting in Europe with the potential for rapid growth, licensing our technology to key seed players to obtain a salt-tolerant version of their own commercial seed-varieties. By pursuing the present feasibility study, Salicrop’s management team aims to improve its understanding of international market conditions and the associated risks as the company develops a deeper business plan for rolling out and scaling up seed treatments licensing as a marketable innovative solution. SME Instrument Phase-1 and Phase-2 will be extremely beneficial in helping the company to accelerate development and market penetration of the developed solution in target segments, boosting the company’s growth to 28 employees and $53,500,000 revenues by 2025.