Partnering opportunity

A Cypriot manufacturer of agricultural machinery is seeking financial and/or license agreements

Summary

A Cypriot company manufactures and trades agricultural machinery and implements husbandry machines for the production of animal feed. It is looking for potential partners under financial and/or license agreements. Potential investors and licensees should be companies from EU and Middle East countries.

Partner sought

Potential investors and licensees should be trustworthy companies from EU and Middle East countries with trans-national cooperation experience. Potential licensees should be manufacturing companies that will produce the potato planting and harvester machines and promote them in similar markets in their countries.

Description

The Cypriot company, which was established in 1970, is active in the manufacture and trading of agriculture machinery (mechanizations for potatoes, vegetables, legume, cereals, wheat and barley) and implements husbandry machines for the production of animal feed for the European and Middle East markets. Further, the company manufactures and distributes machinery for introducing new revolutionary methods for high yield and seed quality, and reduction of operational costs. Particularly, the Cypriot company manufactured the prototype of a potato planting machine. Through on-site experiments, it is evidence that this machine can reduce the crop production costs by 50%. Through one pass the machine can do the following operations: open the farrow, plant the potato seed, set up the fertilizer, set up the granular chemical for nematodes, spray special chemical for both the seed potato and the soil, close the farrow in shape, and final the ironing top of the rigger. Due to potato planting methodology of this machine, crop producers can achieve full utilization of the soil area resulting in an increase of the yield output product by 50% (5 hectares can produce 500 tons of potatoes instead of 10 hectares using a conventional potato planting machines. Also, due to potato planting methodology of this machine, the potato plants receive better sun light and air circulation. The produced potatoes, depending on the variety, can be of uniform controllable size and the machine system enables the potato to mature earlier 10-15 days. Further, the company manufactured the prototype of a potato harvester machine. Through on-site experiments, this machine can reduce the crop production costs by 30%. The potato harvester machine can do the following operations through one pass: separation of potatoes from plants, potatoes selection conveyor and packing them into bin boxes of 400 kg or 50 kg each container. The Cypriot company is aiming at expanding its business activities throughout EU countries and beyond. It is looking for potential partners in the framework of financial and/or license agreements. Concerning the financial agreement, the Cypriot company is seeking investor from EU countries or from Middle East countries to invest in the company, based on the partial transfer of shares. Regarding to license agreement, the Cypriot company is looking for licensees (manufacturing companies) to whom it could transfer the rights of the patented/ prototyped machines, in turn for a fee or share of royalties. The licensees would manufacture both the potato planting and harvester machines in large scales and promote them in various similar interested markets.

Advantages and innovations

The Cypriot company has an excellent experience in its field of activities. It cooperates with many local and foreign partners and it has also an existing customer base in Cyprus and in other EU countries, such as Bulgaria, Romania, and Greece. Further, both machines (potato planting and harvester machines) are already tested, very functional, practical as well as simple to operate. There is wide spare parts availability and they can reduce crop operation costs by 30-50% in contrast with the conventional potatoes planting/harvesting machines. The company's machinery and patents produced contribute to the improvement and the development of agro-business in Cyprus.

Development stage

Field tested/evaluated

Intellectual Property Rights (IPR)

Patent(s) applied for but not yet granted


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