202422 Apr

PONIX AWARDED $5 MILLION USDA GRANT TO BREAK "GROUND" ON CLIMATE-SMART AGRICULTURE IN GEORGIA

Summary

"Were passionate about the benefits of hydroponic farming," said Ponix CEO, Michael Choi, who has incubated tech-enabled solutions for public and private sectors throughout his 15 year career. Moreover, they are located largely inside minority, underserved communities, who, without easy access to fresh, healthy food, rely on inflammatory, unhealthy fast food.CFSs diverse coalition of multidisciplinary and minority-focused partners includes ; the , the first innovation hub built for the future of HBCUs powered by Apple and Southern Company; , a woman- and minority-owned professional services firm that specializes in water, transportation, environmental and energy services; , a business strategy, government contracting and carbon credit consulting firm; , an online marketplace, which connects sustainable food producers with wholesale buyers; the University of the District of Columbia (UDC) the nations capitals only public, land-grant, research HBCU; and , a non-profit that is empowering the next generation through biotech.Through these partners, CFS is recruiting and educating 24 minority-owned landowners, underserved farmers and HBCU students on how to use and adopt Ponixs AgTech hardware and software solutions. More information can be found at .USDA is committed to supporting a diverse range of farmers, ranchers, and private forest landowners through Partnerships for Climate-Smart Commodities. This effort will expand markets for Americas climate-smart commodities, leverage the greenhouse gas benefits of climate-smart commodity production, and provide direct, meaningful benefits to production agriculture, including for small and underserved producers.USDA is investing more than $3.1 billion for 141 projects through this effort and all the projects require meaningful involvement of small and underserved producers. Ponix indoor farms cultivate fresh crops year-round with zero pesticides and require 90% less land and water than conventional methods, directly addressing public health concerns, nutritional deficiencies, food insecurities and breathing new life into both urban and rural communities.

Source: Prnewswire

Funding

$5M
Amount
Apr 22 2024
Date
-
Investor
Ponix
Company

Classifications

Companies