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AgTech Navigator News
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Wootzano, an agri-robotics company, faces financial peril as it struggles with rigid loan enforcement from Innovate UK, which froze its accounts despite the company's substantial commercial contracts and investor interest. Founder Dr. Atif Syed argues that Innovate UK's inflexible approach is undermining innovation and could signal a broader risk to UK deep-tech ventures. Syed calls for legal flexibility to complete an appeal and urges engagement from Innovate UK to resolve the crisis, warning that the current situation jeopardizes the company's ability to fulfill orders and maintain its growth trajectory.
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Pymwymic, an agrifood venture capital fund based in Amsterdam, was founded in 1994 to align capital with values, focusing on people, planet, and profit. Under Rogier Pieterse's leadership since 2016, it transitioned to a cooperative model and specialized in agriculture, managing €100m across 22 companies. Despite challenges in balancing impact and financial returns, Pymwymic continues to advocate for sustainable investment in agriculture, emphasizing that technologies like precision spraying are economically necessary.