Areas of Assessment
The panel of independent experts assesses candidates in 3 areas to determine a winner.
Feasibility
This assessment is to test whether the innovation or technology is viable and functional in the real world. This means:
- The solution uses resilient technology and concepts
- It is scalable and works in real-world environments
Impact on Environment
The panel of experts also looks at a solution’s environmental impact. It must directly drive a positive effect on the environment compared to traditional tools. This can be in terms of water/resource consumption, carbon emissions, energy use, effects on wildlife, and air quality.
Profitability
This last assessment is to see whether the solution can generate steady profit compared to alternatives in the market.
iFarm’s Vertical Farms
iFarm’s innovative agricultural technology performed well in all 3 areas to take home the award.
The company’s vertical farms use 95% less water than traditional agriculture while also using renewable energy. The technology also has a shorter supply chain and crops are grown without pesticides. These vertical farms are also portable and space-saving, making them ideal for cities. As a result, iFarm is enabling greater access to fresh produce for customers and high returns for investors.
iFarm CEO Max Chizhov has his sights set on bringing the vertical farms to more audiences on a global level.
Reference:
https://ifarm.fi/blog/ifarm-awarded-solar-impulse-efficient-solutions-label
