SVG Ventures | THRIVE and Canadian Government partner to accelerate AgTech innovation and investment

SVG Ventures | THRIVE announces official partnership with the Canadian Government for inaugural THRIVE Canada Challenge.

SILICON VALLEY, CA. U.S. (Oct. 27, 2020) – SVG Ventures | THRIVE, a leading global Agrifood Venture and Innovation Platform headquartered in Silicon Valley, has officially partnered with the Government of Canada to bridge Canadian Agrifood tech startups with Silicon Valley investors, entrepreneurs, and corporate partners through the THRIVE Canada Challenge.

“Our partnership with the Canadian government exemplifies our focus on global entrepreneurs and continued commitment to solving the critical challenges facing the Agrifood sector,” said John Hartnett, CEO & Founder, SVG Ventures | THRIVE. “We look forward to identifying, promoting, accelerating, and investing in key early-stage startups solving some of the toughest problems facing the Canadian Agrifood industry.”

Taking place on January 14, 2021, the inaugural THRIVE Canada Challenge is a pitch program for early-stage Canadian agtech and foodtech startups and is part of THRIVE’s Global Initiative which aims to recognize and promote early-stage startup innovators that positively impact different regions of the world. THRIVE will also hold Regional Challenges in Africa and Australia and plans to expand to include Europe, Asia, and Latin America Challenges in the latter half of 2021. The Canadian government will leverage their Canadian Technology Accelerator agtech program to connect some of Canada’s most promising agtech startups with THRIVE, and the Trade Commissioner Service (TCS) will work with the THRIVE Challenge finalist to help them find export and funding opportunities abroad.

The winning Canadian startup will advance to the Global final of the award-winning THRIVE Accelerator Program, and participate in THRIVE’s Silicon Valley Startup Bootcamp in Spring 2021.

SVG Ventures has invested in five Canadian startups through its partnership with the Canadian Technology Accelerator and recently announced partnerships with Farm Credit Canada, Olds College, and the University of Guelph. Three Canadian startups Milk Moovement, Spornado, and Stream.ML were part of THRIVE’s latest accelerator cohort that pitched at the THRIVE | Forbes Demo Day this past September.

“Agrifood is one of the many revolutions underway as part of the fourth industrial revolution,” said Rana Sarkar, Consul General of Canada in San Francisco/ Silicon Valley. “I’m proud of our strong partnership with SVG Ventures and look forward to what’s next for Canada and the United States.”

 

About SVG Ventures | THRIVE

SVG Ventures | THRIVE is the leading global Agrifood investment and innovation platform headquartered in Silicon Valley, and comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 5,000 startups from 100 countries, the THRIVE platform invests, accelerates, and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. SVG’s existing global partners include Media Partner Forbes and leading government, agriculture, and technology corporations such as Corteva, Driscoll’s, FCC, Kubota, Land O’Lakes, Trimble, Taylor Farms, Valmont, Yamaha Motor Ventures and Wilbur-Ellis.

Crunchbase recognizes SVG Ventures as the most active AgTech investor in the world with a portfolio count of 40 investments in the space.

 

About the Canadian Trade Commissioner Service

As part of Global Affairs Canada, the Canadian Trade Commissioner Service (TCS) helps Canadian companies and organizations succeed globally. With trade offices across Canada and in 161 offices around the world, including the Consulate General of Canada in San Francisco/Silicon Valley, the TCS can provide Canadian businesses with on-the-ground intelligence, qualified contacts, partnership opportunities, and practical advice on foreign markets to help them make better, more timely and cost-effective decisions in order to achieve their goals abroad.

 

 

Press‌ ‌Contact:‌ ‌

Jessica Pham, jessica.pham@svgventures.com