SVG Ventures Releases 2020 THRIVE TOP 50 AgTech and TOP 50 FoodTech Reports

Silicon Valley, CA, March 25, 2020- SVG Ventures-THRIVE in partnership with Forbes Live is delighted to announce the release of the 2020 THRIVE TOP 50 AgTech and TOP 50 FoodTech Research Reports. For the past three years, SVG Ventures has compiled a list of the TOP 50 AgTech growth stage companies and new this year, have introduced the TOP 50 FoodTech companies.

Recognizing companies across eight different technology categories and twelve problem areas within agriculture and food, the reports are the result of six-months rigorous research and analysis by the SVG Ventures team with input from SVG Ventures corporate partners including Trimble, Land O’ Lakes, Wilbur Ellis, Kubota, Taylor Farms, National Pork Board, Elanco, Corteva Agriscience, E&J Gallo Winery, Valmont, Ernst & Young, Yamaha Motor Ventures, Driscoll’s Berries, JV Smith, and Wells Fargo.

This annual ranking showcases these leading global AgTech and FoodTech companies who exemplify the best in agriculture and food-focused innovation. TOP 50 companies are scouted for their exemplary leadership teams, innovative technologies, investment and traction.  To qualify for a coveted spot on THRIVE’s TOP 50 listing a company must have received a minimum of series A funding, and have a product in market that is scaling.

Top 50 companies in this year’s report are categorized in the following technology categories: Biotechnology, Controlled Environment Ag, Data Analytics & AI, IoT Software & Hardware, Robotics & Automation, Foodtech, and Packaging Tech.

“These exceptional companies are shaping the future of food & agriculture and delivering on the USDA’s ‘Innovation Imperative’ goals of increasing production and reducing the environmental footprint,” said John Hartnett, CEO SVG Ventures-THRIVE.

 

THRIVE TOP 50 AgTech:

Data Analytics & AI: Farmobile, Farmers Business Network, Prospera Technologies, The Yield, Taranis, Resson, Semios

IoT Software & Harware: MagGrow, Stellapps, Advanced Animal Diagnostics, Agrosmart, Agriwebb, Arable Labs, CropIn, Solinftec, Agworld, Bushel, CropX, Fieldin

Robotics and Automation: ecoRobotix, Robotics Plus, Farmwise Labs

 

Aerospacial & Drones: PrecisionHawk, Inc., Orbital Insight Inc.

Controlled Environment Ag: AeroFarms, BrightFarms, Bowery Farming, Gotham Greens, Plenty Inc., Infarm

Biotechnology: AgBiome, Biotalys, Biome Makers Inc., BioConsortia, Benson Hill Biosystems, Ginkgo Bioworks, Indigo, PlantResponse, NewLeaf Symbiotics, TerViva, Terramera, Vestaron, Trace Genomics, Inari, ZeaKal, Inc, Zymergen, Provivi, Pivot Bio

Other: Enterra Feed, Growers Edge

 

THRIVE TOP 50 FoodTech:

Data Analytics & AI: Afresh Technologies, WISErg Corporation, Winnow, FoodMaven, Imperfect Foods, Full Harvest, ICIX, Food LogiQ, Label Insight Inc, TasteWise, Brightloom, Ninjacart, Crowd Cow

IoT Software & Hardware: Telesense, ProducePay

Robotics & Automation: Soft Robotics, Bossa Nova Robotics

Biotechnology: Agriprotein, SafeTraces, IdentiGEN, Ancera, Clear Labs, CMS Technology, Nuritas, Memphis Meats, Geltor, Noblegen, Impossible Foods, Perfect Day, Future Meat Technologies, Manus Bio, Clara Foods

Foodtech: Apeel Sciences, InnovoPro, MycoTechnology, Hinoman, Ripple Foods, JUST, Protifarm, DouxMatok, Good Catch, Soylent, Epogee, Sunfed, Myoko’s Kitchen

Packagin Tech: TIPA CORP, Lactips, Hazel Technologies, BluWrap

Other: Farmer’s Fridge

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,500 startups from 90 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. THRIVE’s corporate innovation program is focused on connecting their corporate partners with emerging technologies and startups that will make the most significant impact on their organizations. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.

 

Media Contact:

Jessica Pham, Marketing & Events Manager
jessica.pham@svgventures.com
408-380-7211

SVG Ventures announces the THRIVE VI Accelerator Cohort

Silicon Valley, CA, February 24, 2020- SVG Ventures-THRIVE is delighted to announce the 13 companies selected to join their THRIVE VI Accelerator cohort.  With an acceptance rate of less than 3%  admission to the award winning THRIVE Accelerator Program is fiercely competitive. This latest cohort saw a total applicant pool of over 500 startups from seventy countries.  Going into its sixth year, THRIVE continues to expand its presence in new regions around the world with winners from global pitch challenges at Smart Agrifood Summit Malaga, THRIVE Midwest Challenge Indianapolis, PMA Fresh Summit Challenge Los Angeles, and THRIVE Australia Challenge Melbourne all feeding into the THRIVE VI Accelerator Cohort.

The THRIVE VI Cohort: AGRI Marketplace, Cattle Care, ConserWater, DiagamiRs, GroGuru, HiveKeepers, InstaCrops, Intello Labs, Milk Moovement, Platfarm, Sol Gro, Spornado, and Stream Technologies.

The 13 Finalists, 4 from United States, 3 from Canada, 3 from Australia and one each from Portugal, India, and Chile, will kick off their 4-month Accelerator Program with a one week immersive Seed Camp in Salinas and Silicon Valley this week.  Startups will get the opportunity to meet with many of SVG-THRIVE’s Corporate Partners, tour Driscoll Berries, Taylor Farms, and Yamaha Motor Ventures and attend workshops and networking events.  The Accelerator Program culminates with a pitch at the renowned Forbes Agtech Summit in Salinas in June and the winner is awarded up to $200k in follow on investment and the opportunity to present at Forbes 30 under 30.

THRIVE Innovation Summit, Almost Sold Out; Register Today!

The THRIVE Innovation Summit, held on March 25th at Santa Clara University is the premier gathering for top industry experts and innovative entrepreneurs focused on AgTech & FoodTech innovation. We are delighted to welcome USDA Deputy Secretary Stephen Censky as our keynote speaker on the “Innovation Imperative: Shaping the Future of Agriculture.”

Come and hear from Stephen and also discover the transformative solutions that are shaping the future of food and agriculture and meet with over 250 AgTech leaders, investors, startups, and growth-stage companies Register Here.

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,500 startups from 90 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. THRIVE’s corporate innovation program is focused on connecting their corporate partners with emerging technologies and startups that will make the most significant impact in their organizations. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.

 

Media Contact: Jessica Pham, Marketing & Events Manager, SVG Ventures jessica.pham@svgventures.com

SVG Ventures announces THRIVE Australia Challenge winners and investment in 3 Australian startups in the AgriFood Tech Sector

Silicon Valley, CA, February 18, 2020 – SVG Ventures-THRIVE, a global agrifood innovation and investment platform based in Silicon Valley, today announced its entry into the Australian market with a view to establishing a headquarters and hub for SVG-THRIVE in Melbourne and its intention to identify promising Australian startups, invest in them and accelerate their technological and business growth.

SVG Ventures-THRIVE existing global Corporate Partners include leading agriculture and technology corporations such as Corteva, Driscoll berries, Kubota, Trimble, Taylor Farms, Valmont, Yamaha & Forbes who’s focus is on finding solutions and potential investment opportunities.  SVG will focus on identifying emerging technology solutions that will solve some of the critical challenges facing the Agriculture industry and supply chain.

The development of global partnerships with both Commonwealth Scientific and Industrial Research Organization (CSIRO), Australia’s national science agency, and the State of Victoria in conjunction with the existing THRIVE ecosystem will create the opportunity to showcase and accelerate the best of Australia’s AgTech and FoodTech innovation globally. THRIVE Australia is part of SVG Ventures long-term strategic plan to create a bridge with Silicon Valley investors, startups, and corporate partners to bolster innovation and development in Australia’s AgTech sector.

“Our agriculture industries are facing major challenges, and science and technology are enabling us to drive farm productivity and create a sustainable future that address these current and future challenges. CSIRO is thrilled to be partnering with SVG Ventures-THRIVE to support Australian start-ups that are working to develop solutions for farmers that increase their productivity and efficiency,” said Nick Pagett, Director of Global CSIRO.

To launch this strategic partnership, SVG Ventures, in collaboration with CSIRO and the State of Victoria, hosted the inaugural THRIVE Australia Challenge, a live pitch event for AgTech startups and research projects. “Victoria is a global leader in agriculture and food production – couple this with our support for startups and growing focus on agri-food tech, and you’ve got the perfect place to host the THRIVE Australia Challenge,” said Jaclyn Symes Victorian Minister for Agriculture and Minister for Regional Development.

Nine finalists pitched their technology solutions on stage:  HiveKeepers, Zondii, Blakthumb, DiagamiRS, Plaftfarm, SOS Bio, Grow Logic,  Mobble  and Furrow. Remarkable research, impressive pitches, and scalable agtech solutions were key criteria for the judges. The winners were determined ultimately for their innovative solutions and growth potential.

“The THRIVE Australia Challenge exemplifies our focus on global entrepreneurs and continued commitment to solving the critical challenges facing the agrifood sector and creates an opportunity for Australian AgTech startups to get their fair share of global venture capital investment.“ said John Hartnett, CEO and Founder SVG-THRIVE who will also keynote at the evoke Agtech Summit in Melbourne on February 18th.

We are pleased to announce HiveKeepers, DiagamiRs, and Platfarm as the winners of the THRIVE Australia Challenge.  In addition to receiving an investment of up to $250k each winner will be fast tracked into the THRIVE VI Accelerator Program, culminating with a pitch at the renowned Forbes Agtech Summit in June 2020.

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,500 startups from 90 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. THRIVE’s corporate innovation program is focused on connecting their corporate partners with emerging technologies and startups that will make the most significant impact in their organizations. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.

 

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Media Contacts

Jessica Pham, Marketing & Events Manager
jessica.pham@svgventures.com
408-380-7211

John Hartnett joins Sonny Perdue in Fireside Chat “The Innovation Imperative: Shaping the Future of Agriculture”

USDA Announces Plenary Speakers for the 2020 Agricultural Outlook Forum

WASHINGTON, Jan. 16, 2020 – The U.S. Department of Agriculture (USDA) announces plenary speakers for the 2020 Agricultural Outlook Forum (AOF), to be held Feb. 20–21, 2020, in Arlington, Va., under the theme “The Innovation Imperative: Shaping the Future of Agriculture.”

The opening plenary session will feature a fireside chat between Secretary of Agriculture Sonny Perdue and John Hartnett, Founder and CEO of SVG Ventures, a platform of corporations, universities, and investors focused on the food and agriculture industries. Secretary Perdue and Mr. Hartnett will discuss the future of agriculture, challenges facing the sector, and emerging solutions that could address them.

The fireside discussion will be followed by a panel titled “Innovation as a solution for farmers,” which will bring together industry leaders to speak about various aspects of innovation and implications for farmers. Speakers at the plenary panel include:

  • Frank Yiannas, Deputy Commissioner for Food Policy and Response, U.S. Food and Drug Administration (FDA)
  • Jeff Broin, founder of POET
  • Shari Rogge-Fidler, President of Farm Foundation

The session will be moderated by John Newton, Chief Economist at the American Farm Bureau Federation.

Also during the Thursday morning session, USDA Chief Economist Robert Johansson will unveil the Department’s outlook for U.S. commodity markets and trade in 2020 and discuss the U.S. farm income situation.

Along with the plenary presentations, Forum attendees can choose from 30 sessions with more than 90 speakers. Among the concurrent track sessions and topics supporting this year’s theme are: innovations in agriculture, global trade trends, food loss and waste, frontiers in conservation, and the science of food safety. Participants can also take part in a pre-forum field trip on February 19, which will feature a local urban farm enterprise and a visit with scientists who conduct research on microgreens, locally adapted fruit varieties and other urban farming topics at USDA’s Beltsville Agricultural Research Center. A nominal fee covers transportation and a boxed lunch.

Now in its 96th year, the Agricultural Outlook Forum is USDA’s largest annual meeting and the sector’s premier event, attracting around 1,600 attendees each year from the U.S. and abroad. The forum highlights key issues and timely topics affecting the agriculture sector, offering a platform for exchanging information and ideas among producers, processors, policymakers, government officials, and non-governmental organizations, both foreign and domestic.

Visit the Agricultural Outlook Forum website to register, reserve discounted room rates, join the pre-forum field trip, or apply for the USDA Future Leaders in Agriculture Program. Follow the conversation at #AgOutlook on USDA’s TwitterInstagram and Facebook.

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USDA is an equal opportunity provider, employer, and lender.

Kubota Corporation Joins the THRIVE Venture and Innovation Platform

SVG Ventures announces Kubota Corporation as the Latest Partner to Join the THRIVE Venture and Innovation Platform

Los Gatos, CA, December 11, 2019 – SVG Ventures, a Silicon Valley-based venture, and innovation firm, announced today that Kubota Corporation, headquartered in Naniwa-ku, Osaka, Japan, has become the latest Corporate Partner to join their THRIVE Venture & Innovation Platform. As a global company, “For Earth, For Life” is much more than Kubota’s brand statement, it’s their mission. Kubota is committed to engineering excellence so that customers can focus on planting, feeding, building and caring for our world. The new partnership between Kubota and SVG signifies the company’s continued commitment to accelerate open innovation with AgTech startups, farmers, and other external partners, which directly contributes to labor savings and efficiency improvements across global agricultural communities.

SVG-THRIVE leverages its award-winning global AgTech platform to connect corporate partners like Kubota with their worldwide network of entrepreneurs to drive innovation and identify emerging technologies that advance the future of food and agriculture. Kubota will have the opportunity to connect with SVG’s extensive network of agricultural industry partners, participate in global agtech summits, and engage with best-in-class emerging startups in their innovation ecosystem.

“We are delighted to welcome Kubota to our award-winning SVG-THRIVE platform. Progressive corporations like Kubota are proactively looking across the globe for innovative solutions,” said John Hartnett, CEO and Founder SVG-THRIVE. “Our platform delivers qualified deal-flow and incredible opportunities for both our corporate partners and our startups. Furthermore, we are excited to strengthen and expand our partnerships with the Japanese agriculture ecosystem.”

“Through our participation in the THRIVE Program, we intend to further strengthen our coordination with numerous players, including startups, agricultural producers, research institutes, and universities, and make a contribution to the agenda of saving labor and heightening efficiency in farming in the United States and other countries,” said Mr. Yuichi Kitao, Representative Director and Executive Vice President, GM of Innovation Center.

Read more from Kubota: https://www.kubota.com/news/2019/20191211.html

 

About Kubota

Kubota Corporation is one of Japan’s leading manufacturers of a comprehensive range of machinery and other industrial and consumer products. Since 1890, Kubota Corporation has offered various products including farm equipment, engines, construction machinery, electronic equipped machinery, pipe-related products, environment-related products, and social infrastructure-related products to contribute to improve human lives and society. With broad product lineup and its unique comprehensive strength, Kubota Corporation presents in more than 110 countries and strives to solve the worldwide problems related to food, water, and the environment, which are indispensable for human beings.

For more information, please visit http://www.kubota-global.net/index.html

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,500 startups from 90 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. THRIVE’s corporate innovation program is focused on connecting their corporate partners with emerging technologies and startups that will make the most significant impact in their organizations. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.

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Media Contacts

Jessica Pham, Marketing & Events Manager
jessica.pham@svgventures.com
408-380-7211

 

Idea 2 Scale: Food & AgTech Investor Sentiment Report

November 2019,  Ag Biotechnology

Idea 2 Scale interviewed Jonathan Hua, THRIVE Accelerator Manager

 

What Makes this Category #1 for Food & AgTech Investors?

To understand more about what’s driving investor optimism for this category, we spoke with

Jonathan Hua, who runs SVG’s THRIVE Accelerator in Silicon Valley. Ag Biotechnology is

one of the key areas he invests in.

 

Why do you think there is such interest in this space from investors at present?

“Ag Biotechnology is a fascinating space. On one hand, it’s an area of ag with high barriers to

entry, long periods of time from idea inception to commercialization, significant regulations

and challenges with market adoption. But the industry is also likely to grow 10%+ each year

for the next few years. With consumer preferences shifting very sharply towards fresher and

more nutritious food, biologicals, inputs and seed genetics will really help to modify plants

for better yield and higher nutrition. Furthermore, ag biotech solutions can have significant

upside to farmers from an environment/climate change standpoint. Right now, there’s a

significant movement around carbon sequestration and putting carbon back into our soils. A

lot of the innovation that will help achieve this will come from the biotech side with new

fertilizers, pesticide alternatives, soil health and plant growth solutions.”

 

What are some key technologies and opportunities emerging in Ag Biotechnology?

“There are significant ag biotech solutions that could really make a difference for farmers and

growers. Seed genetics to grow disease and pest-resistant crops with higher yields and more

nutritional capacity is currently a high adoption technology among farmers. Nutrient

supplements for crops in the form of specially formulated microbes and biostimulants will

also see increasing adoption as the mechanisms for delivery become more sophisticated.”

 

For the full article go to https://www.ideatoscale.com/insights

ProteoSense Wins The THRIVE FRESH SUMMIT CHALLENGE

First annual THRIVE Fresh Summit Challenge live-pitch competition
featuring entrepreneur Robert Herjavec of ABC’s Shark Tank as 2019 celebrity panel judge

Anaheim, CA., October 17, 2019— Today, SVG Ventures and Produce Marketing Association (PMA) announced ProteoSense, an Ohio-based startup, as the winner of the THRIVE Fresh Summit Challenge and recipient of a coveted spot in the THRIVE VI Accelerator Program focused on accelerating companies with the best-emerging technologies to advance the future of food and agriculture.

SVG Ventures selected four finalist companies, Intello Labs, ProteoSense, SolGro, and Space AG, from a pool of global startups developing AgTech and AgriFood innovation focused on sustainability, digital solutions, food waste reduction, and food safety solutions. The finalists presented their technology solutions on stage during a live pitch competition in front of the judging panel which included Robert Herjavec, entrepreneur and leading shark on ABC’s Shark Tank; John Hartnett, CEO SVG Ventures-THRIVE; Jennifer Maloney Food Stakeholder Manager, Bayer; and Ted Taylor, head of New Ventures and Business Development at Taylor Farms.

 

Remarkable pitches, expansive domain expertise, and scalable market growth created a uniquely difficult winning decision for the THRIVE Fresh Summit Challenge judges. The winner was determined ultimately for their refined technological advancements and growth potential they bring to the agtech industry. ProteoSense offers a breakthrough in food safety for the produce industry and increases efficiencies for on-site testing reducing result time to 90 minutes or less which equates to less waste, fresher foods, and longer shelf life.

SVG Ventures Founder and CEO John Hartnett, Vonnie Estes, PMA Vice President of Technology, and entrepreneur, Robert Herjavec, presented the THRIVE Challenge award. “We are delighted with the evolution of the PMA–SVG Ventures partnership in advancing the future of Food and Agriculture,” Hartnett said.  “The first annual Fresh Summit Challenge has proven to be an exceptional event and represents a unique opportunity to highlight innovations specifically for the produce and floral audience of investors, corporate partners, growers, importers, exporters, wholesalers, retailers, and agribusiness solution providers. John Hartnett acknowledged, “ProteoSense’s RapidScanÔ pathogen detection platform is a gamechanger and provides significant advancement that will play a key role in advancing the future of food safety.

The 2019 THRIVE Fresh Summit Challenge is the first of a three-year partnership announced by SVG Ventures and PMA earlier this year, explained PMA vice president of technology, Vonnie Estes.  “One of the primary goals of the program is to be able to be responsive to the needs of the produce and floral industries. This year we explored solutions for areas including sustainability and food safety, and we will commit to being on the leading edge for the produce and floral industries. We are thrilled to announce ProteoSense as our winner and extend our congratulations to our other finalists who all made this decision a difficult one for our judges.”

THRIVE VI Applications Open

Applications are currently open for THRIVE’s sixth accelerator program. The THRIVE VI Accelerator program will take place over four months from February to June and culminate at the Forbes AgTech Summit June 2020.  The application deadline is October 31st, 2019. To apply, please visit the THRIVE website.

 

About Produce Marketing Association

Produce Marketing Association (PMA) is the leading trade association representing companies from every segment of the global produce and floral supply chain. PMA helps members grow by providing connections that expand business opportunities and increase sales and consumption. For more information, visit www.pma.com.

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities and investors. With a community of over 2,200 startups from 82 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. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.”

THRIVE was launched in 2014 by Silicon Valley Global Ventures (SVG Ventures), a venture, innovation, and investment firm based in Silicon Valley, CA. For more information, please visit www.thriveagrifood.com.

 

Media Contacts

Jessica Pham, Marketing & Events Manager, SVG Ventures jessica.pham@svgventures.com

Siobhan K. May, Director, Communications, PMA SMay@pma.com

 

@PMA #FreshSummit #THRIVEAgriFood

 

SVG Ventures and PMA announce the finalists for the THRIVE Fresh Summit Challenge

Anaheim, Calif. – Produce Marketing Association and SVG Ventures announce the startup finalists with innovative solutions for the produce and floral industries to pitch live on stage at the THRIVE Fresh Summit Challenge. The pitch presentation will take place at the Fresh Summit Forum for the Future session taking place on Thursday, October 17 at 1:45pm at the Anaheim Convention Center on Level 3 in Ballrooms A-E.

The four companies have been selected from a pool of over 100 applicants to provide technological advancements for critical topic areas including food waste reduction, food safety, sustainability, and digital solutions. The winner will take away $100,000 in investment from SVG Ventures including a coveted spot on the THRIVE VI Accelerator Program.

The selected finalists for the 2019 THRIVE Fresh Summit Challenge:

Space AG has developed a farm management platform for high-value crops that integrates data from drones and satellites with ground-based sensors and other data to help farmers anticipate vegetation and irrigation problems, and to improve yield monitoring and forecasting.

ProteoSense is commercializing a solid-state biosensor technology for food safety testing, RapidScan™, a high-sensitivity, field-portable system to detect foodborne pathogens without incubation and reducing test time from days to minutes.

SolGro has created a patented greenhouse canopy system that embeds advanced nanomaterials into greenhouse glazing, to convert wasted natural light into the spectrum of usable light for increased plant photosynthesis, to help decrease time to harvest, increase yields, and improve produce quality.

Intello Labs is leveraging artificial intelligence to build a platform for grading and quality monitoring of agricultural commodities, using a photo of the commodity to generate instantaneous quality metrics.

Each startup will present their pitch in front of the live audience and four judges including ABC Shark Tank’s Robert Herjavec; Ted Taylor, head of new ventures and business development at Taylor Farms; Jennifer Maloney, food stakeholder manager at Bayer; and John Hartnett, CEO at SVG Ventures THRIVE. The THRIVE Fresh Summit Challenge will be hosted by Vonnie Estes, vice president of technology at PMA and Jonathan Hua, THRIVE AgriFood Accelerator Manager at SVG Ventures.

The THRIVE Fresh Summit Challenge winner will be announced, live, at the conclusion of the Forum for the Future session.

The finalist companies will also be staging a shorter presentation again live at the PMA Expo on Friday from 11:00am – 12:00pm. Join us for an opportunity to meet and greet with the SVG Ventures, THIRVE Fresh Summit Challenge winner, finalist startups, and industry leaders.

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities and investors. With a community of over 2,000 startups from 82 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. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.”

THRIVE was launched in 2014 by Silicon Valley Global Ventures (SVG Ventures), a venture, innovation, and investment firm based in Silicon Valley, CA. For more information, please visit THRIVE.

 

About Produce Marketing Association

Produce Marketing Association (PMA) is the leading trade association representing companies from every segment of the global produce and floral supply chain. PMA helps members grow by providing connections that expand business opportunities and increase sales and consumption. For more information, visit www.pma.com.

 

Media Contacts

Jessica Pham, Marketing & Events Manager, SVG Ventures jessica.pham@svgventures.com

Siobhan K. May, Director, Communications, PMA SMay@pma.com

 

@PMA @THRIVEAgtech #FreshSummit #THRIVEAgriFood #agtech # agrifood

Animal Agtech Market Map: 95 startups innovating for the livestock farming industry

September 23, 2019

 

Editor’s Note: Mareese Keane, the platform director of THRIVE agrifood accelerator presented the Animal AgTech Landscape Map at the inaugural Swine Innovation Summit last week. The 150-strong event took place in partnership with the National Pork Board and ahead of the first Forbes AgTech Summit in Indiana. Five THRIVE cohort members relevant to the swine industry presented in a dedicated Swine Startup Showcase. Here Keane highlights the key features of the map.


The National Pork Board (NPB) is focused on identifying emerging technology solutions designed to address the challenges and operational needs of swine producers across the value chain of pork production. SVG Ventures-THRIVE has partnered with the NPB as its innovation partner to develop a targeted pipeline of livestock and animal health startups that support that mission along with their focus for providing a healthy, safe, environmentally sustainable product for the food supply chain. SVG has prepared a landscape map of animal agtech companies that reflects technology companies that are building or have built a solution for specific markets. Some that are designed for other animals will have crossover into swine production applications.

“Changing food production practices also includes technology that is disrupting not only how food is produced, but how it is transported, presented and sold to unknowing consumers,” says Andy Brudtkuhl, National Pork Board’s Director of Emerging Technology. “Understand, this is a trillion-dollar industry and it has never been more important to be ahead of emerging trends.”

The map has been constructed to segment the technology companies in two ways:

  1. Vertically by animal type. ‘All Market Animals’ is a broad category for companies who have either built a platform or product for general animal use, or companies who have more than one solution, targeted at more than one animal. Bovine, Swine and Poultry are currently only targeted at one animal group.
  2. Horizontally, across the value chain, with the On-Farm category segmented further into different on-farm use cases.

Additionally, we have overlaid the NPB’s core mission to support people, pigs, and the planet by segmenting into Animal Well-being, Environment and People & Community. Solutions that make producers lives easier through better data management are included in People & Community.

It should be noted that some companies could potentially be applicable to more than one category but for simplicity, have been mapped into a single category.

Investment Trends

This map represents 95 startups with a known investment total of over $500 million. The start-ups range in stage from pre-seed to companies with significant growth and revenue. Of the 95, the investment received is known for only 59. This could be due to some early-stage companies being funded by friends and family rounds, or in some cases, the investor may be a private investment by another corporation. Analysis of known funding indicates a large outlier in the feed category for poultry with a $122 million investment in AgriProtein. This investment outweighs all other known investments by a factor of two. Overall, the categories of feed, health and data management are active and well-funded within the start-up ecosystem.

animal agtech

Figure 2: Total Known Investment per Animal Category

animal agtech

Figure 3: Total Known Investment Across the Value Chain of Animal Production

animal agtech

Although not exhaustive, the landscape map reflects the current state of Animal AgTech in 2019. If you are building a company in animal agtech and do not see your company on this map, please reach out to info@thriveagrifood.com.

Published by SVG Ventures + THRIVE and AgFunder

SwineTech and BinSentry Win The THRIVE-Forbes Innovation Icon Award – Including An Investment Of $100,000 From SVG Ventures – At The Forbes AgTech Summit

Indianapolis, IN., September 19, 2019— Today SVG Ventures and Forbes announced SwineTech, an Iowa-based startup, and BinSentry a Canadian-based startup are both winners of the THRIVE Midwest Challenge and recipients of the 2019 THRIVE-Forbes Innovation Icon Award at the Forbes AgTech Summit in Indianapolis. This is the second time this year that Forbes and SVG Ventures have presented awards to companies with best-emerging technologies focused on advancing the future of food and agriculture.

The THRIVE Midwest Challenge is a pitch competition for startups developing ag biotechnology, livestock, and animal health and digital crop technology relevant for Midwest farmers and producers. The THRIVE Challenges provide startups with an opportunity to showcase their solutions before an audience of investors, corporate partners, and local and national media.

Impressive pitches, extensive domain expertise, and scalable market growth created a uniquely difficult winning decision for the THRIVE Midwest Challenge judges. The winners were determined ultimately for the refined technological advancements and growth potential each brings to the agtech industry. SwineTech Inc. is an agtech and animal health company that uses voice recognition in its SmartGuardÔ device to innovate farrowing operations for the swine industry.  BinSentry Inc. is reinventing antiquated feed bin monitoring and inventory data systems with IoT and powerful supporting software that is applicable across agtech sectors and other relevant industries. Both SwineTech and BinSentry will receive a coveted spot in the THRIVE VI Accelerator 2020 with a $100,000 investment from SVG Ventures, plus an advertisement in an upcoming issue of Forbes magazine and the opportunity to present at Forbes’ Under 30 Summit in October.

SVG Ventures Founder and CEO John Hartnett and ForbesLive SVP Sherry Phillips presented the awards during day two of the summit. “We are delighted with the evolution of the Forbes–SVG Ventures partnership in advancing the future of Food and Agriculture,” Hartnett said.  “This year, the THRIVE Midwest Challenge Program received eighty-nine applications from twenty-six countries. Five startup finalists were selected to pitch live on stage.” John Hartnett affirmed, “The winners, SwineTech and BinSentry, provide significant technological advancements that will play a key role in optimizing operational efficiencies for pork producers and midwest farmers.”

“The 2019 THRIVE-Forbes Innovation Icon Award honors those helping to bring solutions to the marketplace that will move the world forward,” said Sherry Phillips, SVP of ForbesLive. “SwineTech and BinSentry are both gamechangers for the industry and true innovators. They’re incredibly deserving of this honor and we look forward to showcasing them at our Under 30 Summit this fall and in an advertisement in our magazine.”

Judges for the competition included Rachelle Galvin, SVG Ventures THRIVE Midwest Program Director, Neal Gutterson Senior Vice President, Chief Technology Officer of Corteva Agriscience™, and Chloe Sorvino, Staff Writer, Forbes Magazine. The THRIVE companies that competed on stage at the Forbes AgTech Summit were Advanced Animal Diagnostics, BinSentry, GroGuru, Swinetech, and 3 Bar Biologics.

 

THRIVE VI Applications Open

Applications are currently open for THRIVE’s sixth accelerator program. The THRIVE VI Accelerator program will take place over four months from February to June and culminate at the Forbes AgTech Summit June 2020.  The application deadline is October 31st, 2019. To apply, please visit the THRIVE website.

 

About Forbes AgTech Summit

The Forbes AgTech Summit convenes the world’s biggest agricultural leaders, investors, and entrepreneurs looking to find solutions for some of the world’s most critical food and agricultural challenges. Key speakers at the second annual Forbes AgTech Summit in Indianapolis include Steve Forbes, Chairman & Editor-in-Chief of Forbes; John Hartnett, Founder & CEO, SVG Ventures and THRIVE AgTech; and Indiana Governor Eric J. Holcomb. For more information, please see the press release here.

 

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 2,000 startups from 82 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. AgFunder recognizes SVG Ventures-THRIVE as the “Most Valuable AgriFood Platform in the World.”

THRIVE was launched in 2014 by Silicon Valley Global Ventures (SVG Ventures), a venture, innovation, and investment firm based in Silicon Valley, CA. For more information, please visit www.thriveagrifood.com.

 

About Forbes

The defining voice of entrepreneurial capitalism, Forbes champions success by celebrating those who have made it, and those who aspire to make it. Forbes convenes and curates the most-influential leaders and entrepreneurs who are driving change, transforming business and making a significant impact on the world. The Forbes brand today reaches more than 120 million people worldwide through its trusted journalism, signature LIVE events, custom marketing programs and 40 licensed local editions in 70 countries. Forbes Media’s brand extensions include real estate, education, and financial services license agreements. For more information, visit: ForbesMedia.com.

 

Media Contacts

SVG Ventures: Jessica Pham, Marketing & Events Manager, jessica.pham@svgventures.com

Forbes: Laura Brusca, VP of Corp. Communications, lbrusca@forbes.com