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Thrive global agtech $ foodtech accelerator accepting applications for startup
THRIVE is an agtech and foodtech accelerator working with leading corporations, startups, universities, and growers to solve the biggest challenges facing the food and agriculture industry. THRIVE is now accepting applications for its fourth cohort beginning Spring 2018.
The THRIVE accelerator works with Seed (pre-series A, product in development) and growth (series A+, product in market) companies to commercialize and scale high impact technologies in the global food/agriculture market. Technology categories include: big data & analytics, robotics & automation, connected devices, cloud services/SaaS, next gen farms, biotechnology, e-commerce and food track & trace.
THRIVE provides $100K funding per team for 5% equity and hosts a ten-week accelerator program covering business, marketing, and legal webinars taught by leading Silicon Valley firms and THRIVE corporate partners. Over the course of the accelerator, startup teams are paired one-on-one with mentors representing food, agriculture and technology, and are introduced to regional growers for field trialing and deployment opportunities. Mike Macrie, CIO of Land O’Lakes and one of THRIVE’s corporate partners explained, “through our partnership with THRIVE we help startups get to a chunk of the market and get to farm acres to test their products for efficiencies and effectivity”. At the same time, “[THRIVE] helps us to see technologies in the field much faster than if we were to wait for their own evolution.” Liron Brish, CEO of Farm Dog- a THRIVE III cohort company- indicated that since joining THRIVE “[We] have doubled our acres under management, added 2,000 new fields and increased total field visits threefold—which is how we define user engagement.”
For growth stage companies, THRIVE offers high visibility presentation opportunities at a few of its marquee events, including its annual AgTech Innovation Forum, Growers Technology Roundtable and exclusive introductions, pilot projects, and potential partnership with corporate partners.