Skyfarm: building and evaluating a business case for vertical farming in Portugal

Abstract

This work project evaluates the feasibility of launching a vertically integrated agri-tech startup – SkyFarm, in Portugal, using vertical farming and aquaponics. The analysis focuses on adapting these technologies to the local context through a subscription-based business model. Results indicate that, under conservative assumptions, SkyFarm can reach €13.8m in cumulative revenue by 2032, with profitability projected from 2030. The project also estimates a terminal value between €35 and €70m, supporting investor return potential in line with venture capital expectations.