Houston, Texas, United States: Aeroponic and hydroponic fixtures and supporting systems for use in indoor farming.
Founded: November 2011
Employees: Four full-time employees and two contractors
Company Stage: Emerging from development stage
Investor Relations Contact:
Chad Sykes, CEO, President, Secretary and Director
Indoor Harvest is an emerging development-stage company focused on design building, development, marketing and sales of commercial-grade aeroponic fixtures and supporting systems. Chad Sykes, CEO sums up the company as follows, “We are, in essence, a mechanical contractor that manufactures its own fixtures and provides engineering services for vertical and building integrated agriculture.” The company offers small collectives, caregivers and commercial producers customized solutions to enhance their indoor growing capabilities.
Revenue Driver: Indoor Harvest’s revenue will come from the sale of individual fixtures as well as consulting and customization as it partners with clients on projects from conception to construction.
Competitors: No direct competition as most other market participants use low-pressure systems. Companies that have developed HPA systems for commercial use and may be considered competitors in that regard include Agrihouse and Aerofarms.
Competitive Advantage: Indoor Harvest focuses on high-pressure aeroponics, also known as HPA, or true aeroponic grow (TAG).
Business Model: Indoor Harvest provides design build for the industry, working as a mechanical contractor. The company not only manufactures fixtures but provides the engineering services for vertical and integrated agriculture. Its focus on the cannabis industry in which customization is proving a key element to success positions it well to create strategic partnerships, such as the recently announced partnership with Tweed to launch an aeroponics pilot project that uses the company’s customized designs and technology.
Funding: Indoor Harvest’s research and prototyping was essentially self-financed, but after proof of concept, outside investments began and have since amounted to approximately $1.2 million.
Sales/Marketing Strategy: The company is focused on leveraging existing partnerships, such as with Tweed out of Canada, and looking to continuously expand its portfolio of fixtures designed specifically for the needs of the industry and its participants.
Customers: Customers include small collectives, caregivers and commercial producers.
Target Market: Products and services are aimed at those growing crops using integrated agriculture as well as those who looking to utilize and optimize the benefits associated with indoor vertical farming.
Products: Fixtures for use in indoor farming. The company’s products are highly customized and offered in a manner that allows a custom-build that best meets individual need. The company currently manufactures both aeroponic and hydroponic fixtures and systems.
Customer Problem: Indoor Harvest helps customers by providing them access to effective, efficient and cost-effective cultivation technologies for indoor farming.
Chad Sykes, founder and CEO of Indoor Harvest, leveraged his experience in project management, mechanics, and investor relations to design and develop the modular aeroponic systems.
ADDITIONAL POINTS OF INTEREST
The company is developing a mobile HPA aeroponic research lab using its patent-pending flat tray design. The system will have climate and environmental controls. There is potential for the company’s technologies to reduce the cannabis industry’s environmental footprint. Problems such as humid environments or land availability can also be overcome, thereby minimizing the regional limitations. The company is actively looking to form strategic partnerships that will further propel its innovation.