Saturas awarded Horizon 2020 €1.5 million grant
Saturas is honored to announce that it was chosen as one of the companies to receive a grant from the European Commission under the Horizon 2020, SME Instrument Phase 2 Program.
Every year more than 10,000 companies apply to the prestigious and competitive program but only a handful of start-ups (less than 3%) make it to the finish line.
The grant is for a total of €1.5 million over two years. Saturas will use the grant to make its unique miniature sensor even smaller, suitable to a wide variety of crops — including blueberries — and to scale up facilities for mass production, making its product fully commercialized by 2021.
Saturas has developed an Advanced Decision Support System (ADSS) for precision irrigation based on its miniature Stem Water Potential (SWP) sensor. Embedded in the trunks of trees, vines and plants, Saturas’ sensors receive direct input from the tree or vine to provide real-time, accurate information for optimized irrigation which leads to optimal yields. Precision agriculture, with precision irrigation a major sector, are growing businesses worldwide with an estimated annual growth rate of over 20%. To date, Saturas has demonstrated its technology in Israel, California, Spain and South Africa in different crops such as almonds, apples and citrus.
The grant is another important milestone for the company, confirming Saturas’ innovative and revolutionary technology. We are very grateful to the European Commission for showing their support and trust in the Company’s team to continue this important project and provide farmers with precision irrigation tools.
Saturas Co-Founder & CEO Anat Halgoa Solomon
Saturas was founded in 2013 in cooperation with MIGAL Research Institute. Saturas is an Israeli company that develops Advanced Decision Support Systems (ADSS) for precision irrigation based on its miniature Stem Water Potential (SWP) sensor. Existing investors include Hubei Forbon Technology Co. Ltd., a leader in the field of fertilizer additives for agriculture in China and worldwide, Ramat Magshimim, a collective farm in Israel, Gefen Capital, Miguel Torres Winery SA, one of the largest wineries in Spain and owner of vineyards in California and Chile, the Israel Farmers’ Union, and Shlomo Nechama.