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ecoRobotix obtains FIT early loan!

The smart robotic weeder of ecoRobotix will be going into serial production, thanks to a loan from the Fondation pour l’innovation technologique (Foundation for Technological Innovation).

ecoRobotix has obtained a loan of CHF 500’000 from FIT – the Fondation pour l’innovation technologique (Foundation for Technological Innovation). This sum will make it possible for the start-up company to start industrial production of its smart robotic weeder in 2018.
This is the second loan granted by FIT to the young Yverdon-based company. An earlier loan of CHF 100’000, received in 2013, made it possible for the company to develop its first prototype of the robot.
 
Further funds were subsequently acquired, thanks to the positive expectations of private investors. Together with economic promotion from the Canton of Vaud and a research project financed by the Swiss Confederation, these led to the improvement of the machine in 2015.
Today an initial series of robotic weeders has already been produced. They will now be entering the testing phase, and are currently being put through their paces in the field in Switzerland, France and Belgium. They are also being demonstrated at a number of agricultural events.
 

Marie Ivorra Grosse, President ecoRobotix – Aurélien Demaurex, CEO ecoRobotix – Julien Guex, Secretary FIT

 
Apart from ecoRobotix, FIT made similar loans to three other start-up companies: Rheon Medical, Gamaya and Monito. Set up in 1994, the foundation is dedicated to supporting the development of innovative technological projects. To date it has already given financial support, in the form of loans and scholarships, amounting to something like 24 million Swiss francs and including 173 loans to 139 innovative companies. At the present time 110 of these are still in business.