Orlando Saez, former CEO of Serra Capital I portfolio company CityScan, recently published at article in Crain's Chicago Business titled "Can Chicago Own Innovation in Big Agriculture?" While the Midwest region and Chicago has increasingly established leaders in the fields such as nanotechnology, robotics, digital and financial tech, material science and advanced manufacturing, they are now becoming best-of-class in agriculture.
The International Association of Agricultural Economics projects worldwide population will grow 35 percent by 2050, leading to a 59 to 98 percent increase in demand for food. One way to meet this demand is to find new ways through bioengineering and precision farming to increase yields from existing farmland. Serra Ventures was named among several venture capital firms and other initiatives that are active in this endeavor.