Founded in May last year, ResonAg spun out from a previous successful startup in a different sector. We joined the HARVEST Accelerator to expand beyond our oil, gas, and mining networks, as we had little limited agricultural industry connections. HARVEST provided the network and support we needed to enter the agtech ecosystem.
ResonAg has miniaturized the same MRI technology used in hospitals to measure water in the human body and adapted it to measure moisture in the soil. We do it in real-time while seeding, ensuring each seed is placed at the optimal depth. Why is that important? Every seed has a specific moisture requirement. For example, with canola, a 2% deviation in moisture can cause a 30% drop in emergence. This innovation improves planting accuracy, optimising crop establishment and boosting overall yield. As a company, we completed our pre-seed raise last June and are now finalising our seed round. Since then, we’ve grown to a team of six.
Through HARVEST, we were one of the companies funded by Department of to attend EvokeAG, where we introduced ourselves to the global agtech community. The response was incredible, and since then, we’ve been approached by VCs and private investors. HARVEST proved to be an excellent launchpad, helping us refine our pitch and strategy before taking it to a broader stage like EvokeAG.
In recent news, we are pleased to announce that our application with University of WA for a government AEA grant (Low-cost sensing for liquid food supply chain authentication) was successful! We look forward to working with UWA using our cutting edge ASIC based NMR spectrometer.
Tim Hopper, Chief Technology Officer, ResonAg |