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Space Borne Environmental Intelligence
                                   via SUPER high-precision co-registration
                                             of satellite imagery
www.imaginlabs.com

# of Customers

Day 1               11
Day 2               12
Day 3               5
Day 4               10
Day 5               3

Total                41




     Sebastien       Francois       Jiao            James           Tamara
   Leprince (PhD)   Ayoub (MS)   Lin (PhD)   Hollingsworth (PhD) Knutsen (grad)
Day 1
Partners                Activities                  Value Prop.          Cust. Relations         Cust. Segments
                        • R&D on multi-angle
                        imagery, image                                                           • Precision
• Imagery providers                                 Service for 2D or    • “consulting” style
                        fusion/registration
(DigitalGlobe)                                      3D sub-pixel                                 agriculture
                        • Computing engine
                        dev/testing/releasing?                                                   companies/Forestry
                                                    registration of
• USGS/NASA             • (web) UI
scientists              • Dev/admin computing       satellite images                             • NASA: processing of
                        infrastructure                                                           Mars imagery
                        • Customizing to                                                         • USGS: damage
• University
                        customer needs
researchers using our                                                                            assessment/earthqu
free software           Resources                                        Channels                akes
                        • Scientists / developers                                                • Oil and Gas: sand
                        • Hardware (cloud?)                              • Direct sales or via   dune risk and
                        • High bandwidth                                                         pipeline routing
                                                                         distribution partner
                        network
                        • Patents and company                            • Data exchange via
                        “know how”                                       network (ftp)
                        • User                                           • Data exchange via
                        feedbacks/newsletters/                           FedEX for large
                        blogs                                            volume

Costs                                                         Revenue

• Wages, office space                                         • Revenue from processing services (subscription, pay per
• Workstations and servers                                    image with volume discount)
• High-bandwidth internet connection
• Cloud services
• Caltech royalties
Day 1
• Technology description: Caltech technology to co-register time-series of
  satellite and aerial imagery with accuracy better than 1/10 of the image
  pixel size.

• Initial hypothesis: Basically, everyone in remote sensing SHOULD be
  interested!

• Customer Segments:
   – Oil & Gas, Pipeline monitoring
   – Disaster assessment
   – Agriculture
   – Mars imagery processing

• Experiments:
   – Discussions with NASA, USGS, USDA personnel
   – Discussions with pipeline consultant
Day 2
Partners                Activities                  Value Prop.              Cust. Relations         Cust. Segments
                        • R&D on multi-angle
                        imagery, image              Automated and fast                               • Crop-consulting
• Imagery providers                                                          • “consulting” style
                        fusion/registration                                                          companies for crop
(DigitalGlobe)                                      service for multi-
                        • Computing engine                                                           monitoring
                        dev/testing/releasing?      spectral image
                                                                                                     • vegetable crops = most
• USGS/NASA             • (web) UI                  registration                                     lucrative
scientists              • Dev/admin computing                                                        • high-end in-season
                        infrastructure              problems faced by crop                           crop monitoring
                        • Customizing to            consultants: manual                              companies are
• University
                        customer needs              registration, data                               interested, but still need
researchers using our                               timeliness, higher                               to find good leads at
free software           Resources                   resolution harder to     Channels                Cargill+ADM
                        • Scientists / developers   register, in-season                              •Possible interest from
                        • Hardware (cloud?)         analysis                 • Direct sales or via   DEA, difficult to find
                        • High bandwidth                                                             contacts
                                                                             distribution partner
                        network                                                                      • Defense
                        • Patents and company       Service for 2D or 3D     • Data exchange via
                                                                                                     • NASA: processing of
                        “know how”                  sub-pixel registration   network (ftp)
                                                                                                     Mars imagery
                        • User                      of satellite images      • Data exchange via     • USGS: damage
                        feedbacks/newsletters/                               FedEX for large         assessment/earthquakes
                        blogs                                                volume                  • Oil and Gas: sand dune
                                                                                                     risk and pipeline routing

Costs                                                            Revenue

• Wages, office space                                            • Revenue from processing services (subscription, pay per
• Workstations and servers                                       image with volume discount)
• High-bandwidth internet connection
• Cloud services
• Caltech royalties
Day 2
• Not everyone cares!

• Too many market segments. Refocus on agriculture only, drop other
  customer segments. Agriculture seems to be the most responsive
  customer segment with strongest feedback.

• New hypothesis: Crop monitoring needs better image registration to
  extract maps of crop/soil variability over time

• Need to better understand the global remote sensing ecosystem.

• Experiments:
   – Contacted crop consultant companies
   – Contacted several branches of USDA and academic agriculture
       institutions
Satellite Remote Sensing Ecosystem
              WHERE WE
             WANT TO BE!
                     Oil & Gas, Mining   Exxon Mobile, Shell, BP, Fugro, etc

                     Agriculture         Crop consultants, farmers, cooperatives,
 Satellite                               Cargill, Monsanto, GeoSys

  image              Science Research    Universities, Research labs
                                                                  MOST PROMISING
providers            Mapping             Google Maps, Apple       FEEDBACK!
                                                                  Therefore, focusing
                     Insurance           RMS, Aon, ABS,           on this for now…

  40%
Annual revenue
                     Civil engineering   Parsons, McCarthy




  60%
Annual revenue
                     Federal
                                         Military: USAF, USACE, NGA,…
                                         Federal Agencies:
                     applications
                                         USGS, NASA, NOAA, Caltrans,…
Day 3
Partners              Activities                  Value Prop.                 Cust. Relations       Cust. Segments
                      • R&D on multi-angle
                      imagery, image
• Imagery providers                                                           • “consulting”        U.S. Crop
                      fusion/registration
(DigitalGlobe)        • Computing engine          Problem: manual             style                 consultants
                      dev/testing/releasing?      registration of                                   International
• USGS/NASA           • (web) UI
scientists            • Dev/admin computing       satellite image                                   Crop consultant
                      infrastructure              before comparison
                      • Customizing to
• University
researchers using
                      customer needs                                                                USDA
our free software     Resources                   Value Prop.:                Channels              (No registration
                      • Scientists / developers   - automated                                       issue (for now!))
                      • Hardware (cloud?)         - fast                      • Web access
                      • High bandwidth
                                                  - very accurate             • Data exchange       Agri.
                      network
                      • Patents and company                                   via network (ftp)
                      “know how”
                                                  service for satellite       • Data exchange       Universities
                      • User                      image registration          via FedEX for large   (lack of money,
                      feedbacks/newsletter                                    volume                only use Landsat,
                      s/blogs
                                                                                                    which has no
                                                                                                    registration issue)
Costs                                                           Revenue

• Wages, office space, workstations and servers                 • Revenue from processing services (subscription, pay per
• Cloud services                                                image with volume discount)
• Caltech royalties
Day 3-4
• Narrowed focus of customer segment to Precision Agriculture

• New hypothesis: In-season crop monitoring needs better image
  registration to extract maps of crop/soil variability over time

• Customer segments:
   – International crop consultants
   – Insurance, investment banks, commodity funds

• Experiments:
   – Contacted farmer cooperatives about in-season monitoring
   – Contacted crop consultants
What we learned: Need is much smaller than expected

 USGS delivers free Landsat imagery         Contacted a major player for in-season
with decent registration, sufficient for    crop monitoring (interested in precise
basic crop monitoring                       and fast registration of images from non-
                                            Landsat)
 Other satellite imagers are less
widespread, due to costs                     Provided trial runs on series of images
                                            they could not register. Confirmed that
 High-end crop monitoring requires         our results exceeded all commercial
non-Landsat satellites (bad registration)   solutions

 In-season crop monitoring interest is      Strongly interested in subcontracting
HUGE                                        registration processing to us

                                             Potential revenue $75k-$250k/year
 Airborne or ground-based systems           need more crop consultant companies
compete with satellite imagery for high-
end crop monitoring

 USDA delivers crop yield statistics but
does not provides services to farmers
Precision Agriculture Ecosystem


 Ground-based                                        Recommenders
Sensors Providers                                     Agribusiness
                                                        Owners

  Aerial Image                                       Recommenders
   Providers:                                        Farmers & Farm
   GeoVantage                            USERS         Collectives
                                      Precision Ag
 Satellite Image                      Consultants:   Recommenders
                                         Geosys       Ag Insurance
   Providers:                            SatShot
     RapidEye           Saboteur         InTime
                                                       Companies
       DMC          Partnered Image   Farmers Edge
   Digital Globe
                      Processing:      FarmWorks     Recommenders
     Astrium
                      Space Metric    SST Software   Commodities IB
                                          ZedX
                                        Monsanto
                                        Syngenta     Recommenders
                                                      Hedge, Equity
                                                         Funds
Day 4
Partners              Activities                  Value Prop.                 Cust. Relations       Cust. Segments
                      • R&D on multi-angle
                      imagery, image
• Imagery providers                                                           • “consulting”        International
                      fusion/registration
(DigitalGlobe)        • Computing engine          Problem: manual             style                 Crop consultant
                      dev/testing/releasing?      registration of                                   for farmers
• USGS/NASA           • (web) UI
scientists            • Dev/admin computing       satellite image
                      infrastructure              before comparison           Channels              ‘Crop forecast’
                      • Customizing to
• University
researchers using
                      customer needs                                          • Web access          offices from
our free software     Resources                   Value Prop.:                • Fast data           Insurance/Invest
                      • Scientists / developers   - automated                 exchange via          ment firms
                      • Hardware (cloud?)         - fast                      network (ftp)
                      • High bandwidth                                        • Web access
                      network                     - very accurate             • Fast data
                      • Patents and company       service for satellite
                      “know how”
                                                                              exchange via
                      • User                      image registration          network (ftp)
                      feedbacks/newsletter
                      s/blogs                                                 • Data exchange
                                                                              via FedEX for large   USDA
                                                                              volume                Agri. Universities
Costs                                                           Revenue

• Wages, office space, workstations and servers                 • Revenue from processing services (subscription, pay per
• Cloud services                                                image with volume discount)
• Caltech royalties
What we learned:

 USDA is not a potential client -            Insurance companies and
confirmed                                    Investment/hedge funds may contribute
                                             to a significant portion of the revenue
 Limitation: too long revisit time of the   (WAG)
satellite for in-season. Hardware
limitation.                                   Performed bandwidth experiment
                                             with in-season imagery
 Limitation: lag-time between image
analysis results and field decisions. Need    Automatic web-based processing is
better integration with the tools of         suitable for crop consultants as long as
end-user. ( potential opportunity)          data volume does not exceed more than
                                             a few images per day. Otherwise, should
                                             use faster bandwidth to insure timely
 Farmers and cooperatives do not seem       delivery of information to farmers.
to contribute to the largest revenue from
satellite that needs correction.
Day 5
Partners              Activities                  Value Prop.                 Cust. Relations       Cust. Segments
                      • R&D on multi-angle
                      imagery, image
• Imagery providers                                                           • “consulting”        US and
                      fusion/registration
(DigitalGlobe)        • Computing engine          Problem: manual             style                 International
                      dev/testing/releasing?      registration of                                   Crop consultants
• USGS/NASA           • (web) UI
scientists            • Dev/admin computing       satellite image and                               for farmers
                      infrastructure              spectral analyses of        Channels
                      • Customizing to
• University                                      sat im time-series
researchers using
                      customer needs                                          • Web access          ‘Crop forecast’
our free software     Resources                                               • Fast data           for
                      • Scientists / developers   Value Prop.:                exchange via          Insurance/Invest
• USDA                • Hardware (cloud?)         - Fast, automated,          network (ftp)
                      • High bandwidth                                        • Web access
                                                                                                    ment firms
                      network                        accurate satellite       • Fast data
                      • Patents and company          image
                      “know how”
                                                                              exchange via
                      • User                         registration and         network (ftp)
                      feedbacks/newsletter           analysis
                      s/blogs                                                 • Data exchange
                                                  - More Intuitive            via FedEX for large
                                                     Decision Tools           volume                USDA
                                                                                                    Agri. Universities
Costs                                                           Revenue

• Wages, office space, workstations and servers                 • Revenue from processing services (subscription, pay per
• Cloud services                                                image with volume discount)
• Caltech royalties
What we learned about Precision Agriculture:
• No universal “black box” solutions   • NEED individuals or algorithms who
• NEED better algorithms for:            can compile and prepare data from
    – Fertilizer rates                   disparate data sources for Variable
                                         Rate and Site-Specific Ag
    – Seeding rates
                                       • Direct benefits of Prec. Ag:
    – Herbicide rates
                                         – Increased efficiency in terms of:
• No “cheap” way of getting soil
  fertility                                    labor hours,
    – Intense manual grid sampling             crop yields,
    – Direct automatic soil sampling           amounts of chemicals and
                                               water needed and applied.
      (like AgroBotics AutoProbe)
                                         – Long-term spatial recording of
    – indirect sampling technologies     operations good for:
      (like electrical conductivity)           Future land/ag management,
    – Remote sensing approaches                litigations,
      (Airborne, satellite, in-field           insurance claims,
      solutions)                               increased farm enterprise value
What we learned about farmer needs:
• Farmer interest correlated with kind of crop:
   – Lucrative Vegetable/Fruit Crops >> Grains
   – Annual Sensitive Crops (Cotton,Tomato) >> Perennials (Vineyards)


• Most farmers WOULD ADOPT satellite crop monitoring if
  cheaper and higher temporal sampling (comparisons every 2-
  3 days rather than 2 weeks).
Day 5
• New hypothesis: In-season crop monitoring needs improvements in image
  registration, spectral analyses and algorithms to turn satellite data into
  useful decision tools.

• Customer segments:
   – International crop consultants
   – Insurance, investment banks, commodity funds

• Experiments:
   – Contacted crop consultants about in-season monitoring
Some numbers… that don’t add-up!
• Imagery costs between $0 (free low res Landsat) and $0.8/km2

• Farmers can afford up to $1-2/acre/year on imagery for pasture
  crops (cheapest scenario) with ~2 week sampling  equiv
  $9.5/im/km2!

• Nevertheless: many dedicated agriculture satellites exist 
  Who really uses them? (Hunch: Insurance and Investors)

• Need better knowledge (more customer investigations) of who
  spends the most on satellite imagery for agriculture

• Essential information to estimate the market potential is missing
Next Steps…
• Customer Development Process with insurance and financial
  institutions (need more contacts like van Beurden Insurance in
  CA)

• Cust. Dev. to explore interest/need in Integrated
  Data/Decision Tools and Long-term Spatial Data Management
  for Farmers

• Figure out how to get lower cost, more frequent sat images
  for ag use.
Market Size
• TAM: Precision Agriculture in US:
   $450M (2010),
   $1.5B (2017) McKinsey, December, 2011

• SAM:
   ~50 worldwide (WAG) satellite crop-consultant companies.
   ~10 in US  $250K/yr * 50: $12.5M/yr

• Current Target Market: 10% of SAM, ~ $1.2M/yr Niche
  Market

• Future trends: Precision agriculture (TAM) growth: 19%
  annually. McKinsey, December, 2011

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Leprince imagin labs_2012_09_28_4

  • 1. Space Borne Environmental Intelligence via SUPER high-precision co-registration of satellite imagery www.imaginlabs.com # of Customers Day 1 11 Day 2 12 Day 3 5 Day 4 10 Day 5 3 Total 41 Sebastien Francois Jiao James Tamara Leprince (PhD) Ayoub (MS) Lin (PhD) Hollingsworth (PhD) Knutsen (grad)
  • 2. Day 1 Partners Activities Value Prop. Cust. Relations Cust. Segments • R&D on multi-angle imagery, image • Precision • Imagery providers Service for 2D or • “consulting” style fusion/registration (DigitalGlobe) 3D sub-pixel agriculture • Computing engine dev/testing/releasing? companies/Forestry registration of • USGS/NASA • (web) UI scientists • Dev/admin computing satellite images • NASA: processing of infrastructure Mars imagery • Customizing to • USGS: damage • University customer needs researchers using our assessment/earthqu free software Resources Channels akes • Scientists / developers • Oil and Gas: sand • Hardware (cloud?) • Direct sales or via dune risk and • High bandwidth pipeline routing distribution partner network • Patents and company • Data exchange via “know how” network (ftp) • User • Data exchange via feedbacks/newsletters/ FedEX for large blogs volume Costs Revenue • Wages, office space • Revenue from processing services (subscription, pay per • Workstations and servers image with volume discount) • High-bandwidth internet connection • Cloud services • Caltech royalties
  • 3. Day 1 • Technology description: Caltech technology to co-register time-series of satellite and aerial imagery with accuracy better than 1/10 of the image pixel size. • Initial hypothesis: Basically, everyone in remote sensing SHOULD be interested! • Customer Segments: – Oil & Gas, Pipeline monitoring – Disaster assessment – Agriculture – Mars imagery processing • Experiments: – Discussions with NASA, USGS, USDA personnel – Discussions with pipeline consultant
  • 4. Day 2 Partners Activities Value Prop. Cust. Relations Cust. Segments • R&D on multi-angle imagery, image Automated and fast • Crop-consulting • Imagery providers • “consulting” style fusion/registration companies for crop (DigitalGlobe) service for multi- • Computing engine monitoring dev/testing/releasing? spectral image • vegetable crops = most • USGS/NASA • (web) UI registration lucrative scientists • Dev/admin computing • high-end in-season infrastructure problems faced by crop crop monitoring • Customizing to consultants: manual companies are • University customer needs registration, data interested, but still need researchers using our timeliness, higher to find good leads at free software Resources resolution harder to Channels Cargill+ADM • Scientists / developers register, in-season •Possible interest from • Hardware (cloud?) analysis • Direct sales or via DEA, difficult to find • High bandwidth contacts distribution partner network • Defense • Patents and company Service for 2D or 3D • Data exchange via • NASA: processing of “know how” sub-pixel registration network (ftp) Mars imagery • User of satellite images • Data exchange via • USGS: damage feedbacks/newsletters/ FedEX for large assessment/earthquakes blogs volume • Oil and Gas: sand dune risk and pipeline routing Costs Revenue • Wages, office space • Revenue from processing services (subscription, pay per • Workstations and servers image with volume discount) • High-bandwidth internet connection • Cloud services • Caltech royalties
  • 5. Day 2 • Not everyone cares! • Too many market segments. Refocus on agriculture only, drop other customer segments. Agriculture seems to be the most responsive customer segment with strongest feedback. • New hypothesis: Crop monitoring needs better image registration to extract maps of crop/soil variability over time • Need to better understand the global remote sensing ecosystem. • Experiments: – Contacted crop consultant companies – Contacted several branches of USDA and academic agriculture institutions
  • 6. Satellite Remote Sensing Ecosystem WHERE WE WANT TO BE! Oil & Gas, Mining Exxon Mobile, Shell, BP, Fugro, etc Agriculture Crop consultants, farmers, cooperatives, Satellite Cargill, Monsanto, GeoSys image Science Research Universities, Research labs MOST PROMISING providers Mapping Google Maps, Apple FEEDBACK! Therefore, focusing Insurance RMS, Aon, ABS, on this for now… 40% Annual revenue Civil engineering Parsons, McCarthy 60% Annual revenue Federal Military: USAF, USACE, NGA,… Federal Agencies: applications USGS, NASA, NOAA, Caltrans,…
  • 7. Day 3 Partners Activities Value Prop. Cust. Relations Cust. Segments • R&D on multi-angle imagery, image • Imagery providers • “consulting” U.S. Crop fusion/registration (DigitalGlobe) • Computing engine Problem: manual style consultants dev/testing/releasing? registration of International • USGS/NASA • (web) UI scientists • Dev/admin computing satellite image Crop consultant infrastructure before comparison • Customizing to • University researchers using customer needs USDA our free software Resources Value Prop.: Channels (No registration • Scientists / developers - automated issue (for now!)) • Hardware (cloud?) - fast • Web access • High bandwidth - very accurate • Data exchange Agri. network • Patents and company via network (ftp) “know how” service for satellite • Data exchange Universities • User image registration via FedEX for large (lack of money, feedbacks/newsletter volume only use Landsat, s/blogs which has no registration issue) Costs Revenue • Wages, office space, workstations and servers • Revenue from processing services (subscription, pay per • Cloud services image with volume discount) • Caltech royalties
  • 8. Day 3-4 • Narrowed focus of customer segment to Precision Agriculture • New hypothesis: In-season crop monitoring needs better image registration to extract maps of crop/soil variability over time • Customer segments: – International crop consultants – Insurance, investment banks, commodity funds • Experiments: – Contacted farmer cooperatives about in-season monitoring – Contacted crop consultants
  • 9. What we learned: Need is much smaller than expected  USGS delivers free Landsat imagery  Contacted a major player for in-season with decent registration, sufficient for crop monitoring (interested in precise basic crop monitoring and fast registration of images from non- Landsat)  Other satellite imagers are less widespread, due to costs  Provided trial runs on series of images they could not register. Confirmed that  High-end crop monitoring requires our results exceeded all commercial non-Landsat satellites (bad registration) solutions  In-season crop monitoring interest is  Strongly interested in subcontracting HUGE registration processing to us  Potential revenue $75k-$250k/year  Airborne or ground-based systems  need more crop consultant companies compete with satellite imagery for high- end crop monitoring  USDA delivers crop yield statistics but does not provides services to farmers
  • 10. Precision Agriculture Ecosystem Ground-based Recommenders Sensors Providers Agribusiness Owners Aerial Image Recommenders Providers: Farmers & Farm GeoVantage USERS Collectives Precision Ag Satellite Image Consultants: Recommenders Geosys Ag Insurance Providers: SatShot RapidEye Saboteur InTime Companies DMC Partnered Image Farmers Edge Digital Globe Processing: FarmWorks Recommenders Astrium Space Metric SST Software Commodities IB ZedX Monsanto Syngenta Recommenders Hedge, Equity Funds
  • 11. Day 4 Partners Activities Value Prop. Cust. Relations Cust. Segments • R&D on multi-angle imagery, image • Imagery providers • “consulting” International fusion/registration (DigitalGlobe) • Computing engine Problem: manual style Crop consultant dev/testing/releasing? registration of for farmers • USGS/NASA • (web) UI scientists • Dev/admin computing satellite image infrastructure before comparison Channels ‘Crop forecast’ • Customizing to • University researchers using customer needs • Web access offices from our free software Resources Value Prop.: • Fast data Insurance/Invest • Scientists / developers - automated exchange via ment firms • Hardware (cloud?) - fast network (ftp) • High bandwidth • Web access network - very accurate • Fast data • Patents and company service for satellite “know how” exchange via • User image registration network (ftp) feedbacks/newsletter s/blogs • Data exchange via FedEX for large USDA volume Agri. Universities Costs Revenue • Wages, office space, workstations and servers • Revenue from processing services (subscription, pay per • Cloud services image with volume discount) • Caltech royalties
  • 12. What we learned:  USDA is not a potential client -  Insurance companies and confirmed Investment/hedge funds may contribute to a significant portion of the revenue  Limitation: too long revisit time of the (WAG) satellite for in-season. Hardware limitation.  Performed bandwidth experiment with in-season imagery  Limitation: lag-time between image analysis results and field decisions. Need  Automatic web-based processing is better integration with the tools of suitable for crop consultants as long as end-user. ( potential opportunity) data volume does not exceed more than a few images per day. Otherwise, should use faster bandwidth to insure timely  Farmers and cooperatives do not seem delivery of information to farmers. to contribute to the largest revenue from satellite that needs correction.
  • 13. Day 5 Partners Activities Value Prop. Cust. Relations Cust. Segments • R&D on multi-angle imagery, image • Imagery providers • “consulting” US and fusion/registration (DigitalGlobe) • Computing engine Problem: manual style International dev/testing/releasing? registration of Crop consultants • USGS/NASA • (web) UI scientists • Dev/admin computing satellite image and for farmers infrastructure spectral analyses of Channels • Customizing to • University sat im time-series researchers using customer needs • Web access ‘Crop forecast’ our free software Resources • Fast data for • Scientists / developers Value Prop.: exchange via Insurance/Invest • USDA • Hardware (cloud?) - Fast, automated, network (ftp) • High bandwidth • Web access ment firms network accurate satellite • Fast data • Patents and company image “know how” exchange via • User registration and network (ftp) feedbacks/newsletter analysis s/blogs • Data exchange - More Intuitive via FedEX for large Decision Tools volume USDA Agri. Universities Costs Revenue • Wages, office space, workstations and servers • Revenue from processing services (subscription, pay per • Cloud services image with volume discount) • Caltech royalties
  • 14. What we learned about Precision Agriculture: • No universal “black box” solutions • NEED individuals or algorithms who • NEED better algorithms for: can compile and prepare data from – Fertilizer rates disparate data sources for Variable Rate and Site-Specific Ag – Seeding rates • Direct benefits of Prec. Ag: – Herbicide rates – Increased efficiency in terms of: • No “cheap” way of getting soil fertility labor hours, – Intense manual grid sampling crop yields, – Direct automatic soil sampling amounts of chemicals and water needed and applied. (like AgroBotics AutoProbe) – Long-term spatial recording of – indirect sampling technologies operations good for: (like electrical conductivity) Future land/ag management, – Remote sensing approaches litigations, (Airborne, satellite, in-field insurance claims, solutions) increased farm enterprise value
  • 15. What we learned about farmer needs: • Farmer interest correlated with kind of crop: – Lucrative Vegetable/Fruit Crops >> Grains – Annual Sensitive Crops (Cotton,Tomato) >> Perennials (Vineyards) • Most farmers WOULD ADOPT satellite crop monitoring if cheaper and higher temporal sampling (comparisons every 2- 3 days rather than 2 weeks).
  • 16. Day 5 • New hypothesis: In-season crop monitoring needs improvements in image registration, spectral analyses and algorithms to turn satellite data into useful decision tools. • Customer segments: – International crop consultants – Insurance, investment banks, commodity funds • Experiments: – Contacted crop consultants about in-season monitoring
  • 17. Some numbers… that don’t add-up! • Imagery costs between $0 (free low res Landsat) and $0.8/km2 • Farmers can afford up to $1-2/acre/year on imagery for pasture crops (cheapest scenario) with ~2 week sampling  equiv $9.5/im/km2! • Nevertheless: many dedicated agriculture satellites exist  Who really uses them? (Hunch: Insurance and Investors) • Need better knowledge (more customer investigations) of who spends the most on satellite imagery for agriculture • Essential information to estimate the market potential is missing
  • 18. Next Steps… • Customer Development Process with insurance and financial institutions (need more contacts like van Beurden Insurance in CA) • Cust. Dev. to explore interest/need in Integrated Data/Decision Tools and Long-term Spatial Data Management for Farmers • Figure out how to get lower cost, more frequent sat images for ag use.
  • 19. Market Size • TAM: Precision Agriculture in US: $450M (2010), $1.5B (2017) McKinsey, December, 2011 • SAM: ~50 worldwide (WAG) satellite crop-consultant companies. ~10 in US  $250K/yr * 50: $12.5M/yr • Current Target Market: 10% of SAM, ~ $1.2M/yr Niche Market • Future trends: Precision agriculture (TAM) growth: 19% annually. McKinsey, December, 2011