The idea of Smart Forest is a result of our knowledge and experience in IT, investing, stock exchange, forestry. We searched for and developed the best forest investment opportunities for us ourselves. Later on we got a lot of interest from our friends, acquaintances & other people, therefore we decided to share these opportunities with a wider audience on the marketplace.
Starting Up & Whitepaper 0.1
The very moment when, based on hundreds of drafts and notes, the first Whitepaper was formed. Founders/Core team started to full-time work.
1st business acceleration
We completed the "Up2B Breakthrough 2019" program at the InnoWerft accelerator (Walldorf, Germany, with the support of SAP and the government of Baden-Württemberg). Dozens experts and mentors during 6 weeks of a continuous intensive bootcamp were helping us to discover and develop our business model in all possible aspects.
2nd business acceleration
We were invited to the BGI Accelerator (former MIT Portugal initiative, Lisbon, Portugal) and supported by them in working on scaling the business & preparing a business for investment. We have laid ties with the European investment community, KPMG Portugal executives.
Web Summit (Lisbon, Portugal) - perhaps the largest startup event in the World. Smart Forest founders were pitching on the KPMG stage, during the Web Summit 2019.
The first marketplace module was launched. This allowed us to collect feedback from end users, improve our product, start the Community pre-orders gathering. We did not buy advertising, all our traffic is 100% organic - these are private investors, CSR interested companies, journalists and magazines.
First Forest Investing Opportunity
After several rounds of selection and examination/verification/validation - the first contract with a Supplier/Partner was signed. The first Forest Investing Opportunity had been published on the marketplace - only 1500 trees/2ha, in the EU.
3rd business acceleration
In partnership with Polish governmental agency for enterprise development (PARP) and the Puławy Science-Technology Park (PPNT), we were focusing on developing legal models that allows the Smart Forest business to operate within the EU legal and financial systems.
MVP 1.0 release
Together with a Linacti Software company, we're developing a web application for tree owners. With the included register of trees, rating system, and tree observation possibility.
We are registering a trademark for our company, protected in the European Union, with the European Union Intellectual Property Office (EUIPO).
Start the R & D
Our challenges for this period are to determine the optimal applicability of blockchain technologies for securing and transferring rights related to the ownership of forest assets, and the applicability of IoT devices for monitoring the quality of life and growth of forest plantations.
APP 2.0 RELEASE
For this period, we postponed the issue of tokens (NFT) and the integration of the blockchain into our system. The reason for this decision was a sharp and unexpected increase in prices (in the first quarter of 2021), on transactions within the blockchain, which we planned to use earlier.
We'll put the next Forest Investing Opportunities on the marketplace! Our focus is on the EU, but it could be America or Afrika too! Our goals for this period: to offer at least 2 - 3 different assets, 5ha plantations, 4000 trees.
APP 3.0 RELEASE
The secondary market and additional liquidity for token holders will allow exiting the asset at any convenient moment, without waiting for the end of the growth cycle, and without wasting the funds and time.
Some tree owners do not plan to sell their trees, but rather take them as timber at the end of the growth cycle. They will be able to do so if several conditions are met. For the trees of other owners, Smart Forest will find wholesale buyers and thus ensure the buyback of assets. In case of unfavorable market conditions, the buyback can be postponed for 1/2/3/4 years.