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

SVG Ventures announces Valley Irrigation as the Latest Partner to Join the THRIVE Innovation Platform

Los Gatos, CA, September 16, 2019 – SVG Ventures, a Silicon Valley-based venture, and innovation firm, announced today that Valley® Irrigation, a Valmont® Company, has become the latest Corporate Partner to join its THRIVE Venture & Innovation Platform. Valley Irrigation is The Leader in Precision Irrigation® and offers a pivotal end-to-end cloud-based platform with real-time equipment, environmental, and agronomic data. The immediate data provides solutions for conserving water and meeting the growing demand for food. The new partnership between Valley and SVG signifies the company’s continued commitment to advancing a more efficient and sustainable agriculture supply chain through best-in-class technology.

SVG-THRIVE leverages its award-winning global AgTech platform to connect corporate partners like Valley with their worldwide network of entrepreneurs to drive innovation and identify emerging technologies that advance the future of food and agriculture. Valley will have the opportunity to partner with startups, participate in global pitch events, mentor accelerator startups, custom programs, and workshops, and join SVG’s network of corporate AgTech partners.

“We are delighted to welcome Valley Irrigation as the latest Corporate Partner. Progressive corporations, like Valley, are proactively looking across the globe for innovative solutions,” said John Hartnett, Founder & CEO of SVG Ventures-THRIVE. “Our platform delivers qualified deal-flow and incredible opportunities for both our corporate partners and our startups,” he added.

In 2018, irrigation charted as a $1.03 billion (USD) global industry and is expected to reach $2.84 billion by 2025, advancements in the irrigation space represent a significant opportunity for disruptive technology. From the initial offering of GPS guidance in tractors to today’s predictive analysis, the technology involved in farming operations has evolved, but the goal has remained the same: increase ROI for the grower. Valley Irrigation is focused on optimizing the future of AgTech with the knowledge that water is still the most important determinant of yield. Applying water accurately and efficiently results in higher profits. Valley realizes the power in fully connected crop management tools by incorporating the latest in artificial intelligence, machine learning, and sensor technology. The latest Valley Irrigation pivots will now be able to not only apply water and crop protection products but also to scout for other issues that threaten yields, such as pests and disease.

The partnership between SVG Ventures and Valley Irrigation is creating great value for us and other organizations dedicated to evolving technologies in agriculture,” said Trevor Mecham, Vice President, Global Technology Strategy for Valley. “The organizational structure that SVG-THRIVE has provided creates not only great collaborations amongst leading industry providers to scale their businesses and relationships, but also provides insight into new AgTech companies that are up and coming.”

Valley Irrigation continues to raise the bar on technological advancements and recently announced another industry first with their cloud-based remote management platform that establishes a new competitive advantage for irrigation management. “This new innovation furthers the Valley tradition of helping growers become more advanced and efficient,” said Andy Carritt, Vice President, Product Development. “This industry first will be with updates functioning similarly to the smartphone updates most people are familiar with – but for their smart panels.”

 

About Valley Irrigation

Valley Irrigation founded the center pivot irrigation industry in 1954, and our brand is the worldwide leader in sales, service, quality, and innovation. With historical sales of more than 250,000 center pivots and linears, Valmont-built equipment annually irrigates approximately 25 million acres (10 million hectares) around the world. We remain dedicated to providing innovative, precision irrigation solutions now and into the future. For more information, please visit valleyirrigation.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 2,000 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.” For more information, please visit www.thriveagrifood.com and review the SVG Ventures Press Kit.

 

THRIVE VI Applications Open

SVG Ventures is currently accepting applications for its sixth THRIVE Accelerator program. The program will take place over four months commencing in February & culminating at the Forbes AgTech Summit in Salinas in June 2020.  The application deadline for startups is October 31st, 2019. To apply, please visit the THRIVE website.

 

####

Media Contacts

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

 

At The Swine Innovation Summit

National Pork Board to Host First-Ever Swine Innovation Summit

DES MOINES, IOWA – Aug. 26, 2019 – The National Pork Board will host the inaugural Swine Innovation Summit in Indianapolis on September 17, 2019, as a special event, prior to participating in the Forbes AgTech Summit Indianapolis. National Pork Board leaders will attend the Forbes AgTech Summit, held on September 18 and 19, as part of its ongoing support of AgTech innovation and the THRIVE Midwest Challenge. Forbes and SVG Ventures-THRIVE are founding partners of the AgTech Summit and partner with AgriNovus Indiana, Corteva, Elanco Animal Health, Land O’Lakes and Purdue University to provide networking and showcase opportunities in the Midwest.

Who: National Pork Board and its allied industry partners

What: Swine Innovation Summit

When: Tuesday, Sept. 17, 2019

Where: Indianapolis, Indiana

Why: To help pork producers and food influencers better understand emerging technology trends facing today’s food production systems

Today’s food production systems are undergoing explosive change and the animal agriculture industry needs to prepare in order to keep pace. The Swine Innovation Summit will focus on three key drivers of change including emerging technology, new and dynamic business models and consumer behaviors which impact shopping preferences and food choices.

“Today’s consumers literally carry supercomputers in their pockets and have access to information – both accurate and misleading – that they leverage in making on-the-spot purchase decisions,” said Andy Brudtkuhl, National Pork Board’s director of emerging technology. “In the span of a few short hours, we intend to educate today’s pig farmers on what they need to know and how they must adapt to the changing world in which we live.”

As part of its mandate to support pork research, promotion and education, the National Pork Board is offering the conference free of charge to pig farmers, swine veterinarians, authorized academics and allied industry. Interested attendees can see the agenda of the Swine Innovation Summit and register here.

The National Pork Board became a THRIVE Corporate Innovation Partner with SVG Ventures in 2018 with the intention to connect world-class technology to the swine industry. The first annual Swine Innovation Summit is a collaborative effort between the National Pork Board and SVG Ventures-THRIVE to highlight entrepreneurs as it launches the THRIVE Swine Startup Showcase specifically for pork producers and swine industry partners.

“Our ultimate goal is to drive innovation and to solve critical challenges facing the agriculture industry in the Midwest today and our expanding partnership with National Pork Board reflects this vision,” said John Hartnett, CEO SVG Ventures.

The five finalists hand-selected to pitch on stage at the Swine Innovation Summit are BinSentry, Hog Wash, ProteoSense, SwineTech and Teichos Labs. The summit is focused on developing strategic solutions to improve swine farming sustainability practices of reducing land and water usage, lowering livestock carbon footprint, improving food safety, and protecting animal welfare.

“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,” Brudtkuhl said. “Understand, this is a trillion-dollar industry and it has never been more important to be ahead of emerging trends.”

About SVG Ventures-THRIVE Innovation Platform

SVG Ventures-THRIVE is the leading AgriFood innovation ecosystem, comprised of top agriculture, food and 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, California. For more information, visit the SVG Ventures THRIVE website.


The National Pork Board has responsibility for Checkoff-funded research, promotion and consumer information projects and for communicating with pork producers and the public. Through a legislative national Pork Checkoff, pork producers invest $0.40 for each $100 value of hogs sold. Importers of pork products contribute a like amount, based on a formula. The Pork Checkoff funds national and state programs in advertising, consumer information, retail and foodservice marketing, export market promotion, production improvement, science and technology, swine health, pork safety and sustainability and environmental management. For information on Checkoff-funded programs, pork producers can call the Pork Checkoff Service Center at (800) 456-7675 or check the Internet at pork.org.

SVG Ventures announces finalists for THRIVE Midwest Challenge at the Forbes AgTech Summit Indianapolis

Los Gatos, CA, August 21, 2019— SVG Ventures and Forbes announced the five finalists who will compete on stage at the Forbes AgTech Summit Indianapolis for the THRIVE-Forbes Innovation Icon Award, September 18-19, 2019.

SVG Ventures, together with representatives from their Corporate Partners, Elanco, Valmont, National Pork Board, Land O’Lakes, Trimble and Yamaha Motor Ventures have selected the five finalists from a pool of almost 100 applicants across twenty-six countries.  These emerging technology companies are developing cutting-edge technologies focused on solving some of the biggest challenges in agriculture today.

The finalists selected to pitch on stage at the Forbes AgTech Summit are Advanced Animal Diagnostics, BinSentry, 3Bar Biologics, GroGuru, and SwineTech. These companies will present pioneering solutions specifically in the areas of Livestock/ Animal Health, Digital Row Crop Technologies, and Biotechnology.

“Our AgTech Summit celebrates the entrepreneurs and visionaries in the worlds of ag-tech and foodtech,” said Sherry Phillips, Senior Vice President of ForbesLive. “The 2019 THRIVE-Forbes Innovation Icon Award honors the companies whose innovations are creating sustainable, real-world solutions that address the most-pressing issues of our time.”

The winner of the THRIVE Midwest Challenge will secure a coveted place in the 2020 THRIVE VI Accelerator Cohort  (a$100,000 investment value), plus an advertisement in an upcoming issue of Forbes magazine and the opportunity to present at Forbes’ Under 30 Summit in October.

The THRIVE Midwest Challenge provides startups the opportunity to showcase their innovations before an audience of investors, corporate partners, and local and national media.

 

THRIVE VI Applications Open

SVG Ventures is currently accepting applications for its sixth THRIVE Accelerator program. The program will take place over four months commencing in February & culminating at the Forbes AgTech Summit in Salinas in 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. This year’s Summit in Indianapolis is focused on the “Future of Food” and will host key speakers including Beth Bechdol, President & CEO, AgriNovus Indiana; Teddy Bekele, SVP & Chief Technology Officer, Land O’Lakes, Inc.; Virginia Emery, Founder & CEO, Beta Hatch; Neal Gutterson, Chief Technology Officer, Corteva Agriscience; John Hartnett, Founder & Chief Executive Officer, SVG Ventures & THRIVE AgTech; Steve Forbes, Chairman & Editor-in-Chief, Forbes; Luke Saunders, Founder & CEO, Farmer’s Fridge; Jennifer Sirangelo, President & CEO, National 4-H Council; Mark Stewart, President & CEO, Agriculture Future of America; Matthew Wadiak, Founder & CEO, Cooks Venture; and Susanne Wasson, President–Crop Protection Business Platform, Corteva Agriscience.  The event will cover animal health, protein and crops like soybeans that are produced in the Midwest and will explore solutions to the critical challenges affecting the world’s food supply. For more information, please visit the Forbes AgTech website.

 

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 the SVG Ventures THRIVE website.

 

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, lbrusa@forbes.com

SVG Ventures and PMA Announce Partnership to Advance Produce and Floral Innovation

Includes launch of new THRIVE Fresh Summit Challenge, a live-pitch competition
to feature entrepreneur Robert Herjavec of ABC’s Shark Tank as 2019 celebrity panel judge

 Los Gatos, CA., August 13, 2019— SVG Ventures and Produce Marketing Association (PMA) have entered a three-year strategic partnership to connect PMA growers with cutting-edge technology. SVG Ventures will lead panel conversations on AgriFood and AgTech at PMA’s annual Fresh Summit Convention & Expo and, debuting this year, the organizations will launch the THRIVE Fresh Summit Challenge live-pitch competition.  Start-ups working to create technology for the produce and floral industry will compete for an opportunity to pitch on stage at Fresh Summit to receive a $100K investment award and other prizes.

The THRIVE Fresh Summit Challenge winner will receive an opportunity to join the award-winning THRIVE VI Accelerator Program with an investment value of $100K ($50k cash, $50k program), and a further opportunity to present at the Forbes AgTech Summit Salinas for a chance to win an additional $100k investment. The THRIVE Fresh Summit Challenge winner will be featured as part of the PMA Center at the Expo to gain visibility and access to other large food and agriculture corporate partners and investors.

The 2019 THRIVE Fresh Summit Challenge will be open to start-ups from around the world developing AgTech and AgriFood innovation focused on sustainability, digital solutions, food waste reduction, or food safety solutions within the produce and floral industries. Applications are now being accepted with a submission deadline of September 10th. To apply, please visit the THRIVE website.

SVG THRIVE will select four exceptional startups from among the applicants to participate in a live-pitch challenge on stage at PMA’s 2019 Fresh Summit Convention & Expo to be held in Anaheim, Calif., scheduled Oct. 17-19 this year. A panel of judges will evaluate the finalists on their ability to present a clear business strategy and communicate their respective AgTech innovations.

The 2019 judging panel includes Robert Herjavec, entrepreneur and leading shark on ABC’s Shark Tank, who is also a conference speaker; 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. The winner will be selected and announced on site at Fresh Summit.

“Both SVG Ventures and PMA have been working closely with experts from Driscoll’s, Taylor Farms and Sun World Innovations to deeply understand the specific industry challenges,” says John Hartnett, CEO of SVG Ventures. “This pitch competition serves as an opportunity to fast-track entrepreneurs who drive us toward a more efficient, sustainable and secure agricultural future.”

“The innovations that are made possible by this partnership will be critical next steps to addressing the big questions of how we will feed our growing world,” adds Vonnie Estes, Vice President of Technology at PMA. “Our industry will be central to implementing these solutions and I’m thrilled that with this partnership with SVG Ventures, we are key to finding and developing those solutions as well.”

 

THRIVE Fresh Summit Challenge Application Open

Call for global start-ups developing solutions within the produce and floral industries for the following food and agricultural technology areas: sustainability, digital solutions, food safety, and food waste. The THRIVE Fresh Summit Challenge is an opportunity to accelerate your business, network with industry professionals, and align business strategy to current challenges.

CALL FOR START-UPS – APPLY NOW!

Fresh Summit brings global produce and floral industry leaders from around the world together to network, create global connections, cultivate industry talent, find practical solutions to complex science and technology issues, and bring cutting-edge trends to the forefront. The event showcases seed companies, growers, importers, exporters, wholesalers, retailers, and business solution providers including equipment, packaging, technology, transportation, and food safety companies in agribusiness. This diverse marketplace of more than 1,200 exhibitors, over 3,200 buyers and 22,000 attendees from 60-plus countries means endless opportunities for advancing and sharing innovation in this dynamic and diverse industry.

PMA Fresh Summit “Forums for the Future” conference speakers for Thursday, Oct. 17 are Cathy Burns, PMA CEO, who will deliver her annual state of the industry address, and Herjavec, who will present on “Solving Industry Issues One Pitch at a Time.” PMA plans to announce the third and final “Big Voice” Forum for the Future speaker for the Oct. 18 session soon. In addition, Queen Latifah, musician, actress, author, and entrepreneur, is scheduled to speak at the Center for Growing Talent Women’s Fresh Perspectives Leadership Breakfast on Saturday, Oct. 19. For additional information or to register for Fresh Summit, visit 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 2,000 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

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

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

 

@PMA #FreshSummit #THRIVEAgriFood

Leading Monumental Change in the Food & Agriculture Industry: SVG Stimulates Innovation, Investment, and Partnership

SVG Ventures + THRIVE reaches 115M Global Audience

Los Gatos, CA., July 31, 2019—Five years, five cohorts, and a current valuation of over $700M! SVG Ventures’ current portfolio of 48 THRIVE Accelerator alumni are leading the way in innovation in the food and agriculture industries with 17 of the 48 companies receiving more than $50M in investment in 2019. SVG Ventures recognizes a total of 103% valuation growth increase in investment across the five accelerator cohorts. Our roster of accelerator companies includes remarkable start-ups such as, Trace Genomics, AgShift, and Livestock Water Recycling. Interest in the accelerator continues to be exceptionally high, with more than 150 applications received to date for the 2019 THRIVE VI Accelerator Program.

This year, SVG Ventures secured multiple global partnerships to lead conversations on agrifood and agtech on live stages at international events. SVG Ventures scouts and evaluates innovation, moderates panel discussions, and networks with thousands of startups, corporates, and investors at worldwide events including the Innovation Summit, South by Southwest, Smart AgriFood Summit Malaga, Forbes AgTech Summits in Salinas & Indianapolis, Calgary Stampede, and PMA Fresh Summit Convention & Expo.

As a Founding Partner with Forbes, SVG Ventures co-hosts the Forbes AgTech Summits and provides global recognition for the pioneering THRIVE Accelerator startups chosen to present their pitch on the ForbesLive Stage. This year, the partnership took on new strides, with the launch of the joint THRIVE Forbes Innovation Icon Award which honors those helping to bring solutions to the marketplace that will move the world forward. The global news and social media audience for these events reaches a record 115M people. Constituents interested in shifting this $9B AgTech, FoodTech, AgriFood Industry are joining this movement with SVG Ventures as corporate partners and investors.

The mission of SVG Ventures THRIVE is to identify groundbreaking innovations within the entire agricultural value chain that drive increases in efficiency, conservation of resources and significantly improve the lives of farmers and consumers.

 

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 the THRIVE website.

 

Media Contacts

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

 

Forbes Announced AgTech Summit In Indianapolis With THRIVE Midwest Challenge

Forbes Announced AgTech Summit In Indianapolis With Focus On The Future Of Food, Animal Health, Soybeans And More

Speakers include Steve Forbes, Chairman & Editor-in-Chief, Forbes; Beth Bechdol, President & CEO, AgriNovus Indiana; Teddy Bekele, SVP & Chief Technology Officer, Land O’Lakes, Inc.; John Hartnett, Founder & Chief Executive Officer, SVG Ventures & THRIVE AgTech and more

INDIANAPOLIS – July 25, 2019 – Forbes today announced its second annual Forbes AgTech Summit in Indianapolis, taking place Sept. 18-19. Following up on the Forbes AgTech Summit in Salinas in June, this event will continue the conversation around the “future of food,” with a special focus on animal health, protein and crops like soybeans that are produced in the Midwest. It will explore solutions to the critical challenges affecting the world’s food supply.

Key speakers include Beth Bechdol, President & CEO, AgriNovus Indiana; Teddy Bekele, SVP & Chief Technology Officer, Land O’Lakes, Inc.; Virginia Emery, Founder & CEO, Beta Hatch; Neal Gutterson, Chief Technology Officer, Corteva Agriscience; John Hartnett, Founder & Chief Executive Officer, SVG Ventures & THRIVE AgTech; Steve Forbes, Chairman & Editor-in-Chief, Forbes; Luke Saunders, Founder & CEO, Farmer’s Fridge; Jennifer Sirangelo, President & CEO, National 4-H Council; Mark Stewart, President & CEO, Agriculture Future of America; Matthew Wadiak, Founder & CEO, Cooks Venture; and Susanne Wasson, President–Crop Protection Business Platform, Corteva Agriscience. Additional speakers will be announced in the coming weeks.

The Forbes AgTech Indianapolis summit will foster lively debate, welcoming new perspectives and generating rich networking opportunities within the agricultural, biotechnology and foodtech communities. The event will begin with an opportunity to tour cutting-edge farming technologies at one of Indiana’s leading businesses. It will also feature a Forbes/THRIVE Midwest Challenge featuring five to seven startups selected from a pool of nearly 100 applicants from 26 countries who will pitch and compete for a chance to win investment from SVG Ventures, secure a place in the THRIVE VI Accelerator Program, plus an advertisement in an upcoming issue of Forbes magazine and the opportunity to present at Forbes’ Under 30 Summit in October. The Innovation Showcase will feature 40 of the most cutting-edge agtech startups, offering a wide variety of solutions to today’s challenges.

Highlights for the agenda include a focus on the 2019 growing season and the technologies that are helping to mitigate potential future losses, how regenerative agriculture can help the ag industry reduce its carbon footprint, as well as a session detailing the global exchange of agriculture innovation – from China to Brazil. Attendees will also hear about biotech innovations in microbes, soybeans and the future of food, and what’s next for animal health.

“The Forbes AgTech Summit in Indianapolis demonstrates the importance of innovation in food and agriculture and amplifies the fact that it is one of America’s most important and cutting-edge industries,” said Beth Bechdol, president and CEO of AgriNovus Indiana. “As someone who grew up on an Indiana corn and soybean farm, I’ve seen first-hand how technology and innovation can help solve some of agriculture’s most pressing challenges. Indiana’s agbioscience community is pleased to host the Summit’s global audience once again this year.”

“With a tumultuous 2019 growing season and the need to continue global innovation among the agricultural industries, we need more than ever to meet these challenges with rich ideas and transformative technologies,” said Sherry Phillips, Senior Vice President of Forbes LIVE. “We look forward to having these themes and technologies as backdrops to the second annual Forbes AgTech Summit in Indianapolis.”

AgriNovus Indiana and the Indiana Economic Development Corporation (IEDC) are the Host Partners. Elanco Animal Health and Corteva Agriscience are the Presenting Sponsors. WinField United is the Partner Sponsor. Purdue University is the Supporting Sponsor. SVG Ventures and its THRIVE Accelerator is the Founding Partner.

Follow the conversation on Twitter via #ForbesAgTech.

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: https://www.forbes.com/forbes-media/.

Contacts

Matthew Hutchison mhutchison@forbes.com

Laura Brusca lbrusca@forbes.com

Jocelyn Swift jswift@forbes.com

Livestock Water Recycling Wins The THRIVE-Forbes Innovation Icon Award At The Forbes AgTech Summit

Salinas, Calif., June 27, 2019— Today SVG Ventures and Forbes announced that Livestock Water Recycling, a Canadian based startup, is the recipient of the 2019 THRIVE-Forbes Innovation Icon Award at the fifth annual Forbes AgTech Summit in Salinas. This is the first of two annual awards that Forbes and SVG Ventures will present to the best emerging technology companies focused on advancing the future of food and agriculture. The second award will be presented at the THRIVE Midwest Program during the Forbes AgTech Summit Indianapolis event September 18-19, 2019.

The Livestock Water Recycling system is the only proven commercialized technology that reduces the overall volume of manure and delivers a renewable, high-quality water source. Livestock Water Recycling will receive a $200,000 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 award 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, our award-winning accelerator program received two hundred seventy-six applications from sixty-seven countries. Nine startup finalists were selected to participate in the program.  The overall quality of the startups was outstanding and made for a tough decision.”

“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. “Livestock Water Recycling’s forward-thinking technology is helping farmers increase efficiencies, while becoming even more environmentally sustainable. 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 SVG Ventures and executives from their Corporate Partners. The THRIVE companies that competed on stage at the Forbes AgTech Summit were Livestock Water Recycling, Olombria, The Bee Corp, Wellntel, Tensorfield Agriculture, Alesca Life, Intelliconn, ProteoSenseFarmX.

The award ceremony was the culmination of THRIVE’s four-month accelerator program, which began in February and ended today at the annual Forbes/THRIVE Demo Day presentation. This is the hallmark event of the THRIVE Accelerator program, providing startups the opportunity to showcase their solutions before an audience of investors, corporate partners, and local and national media.

Recognition awards were also presented in two additional categories – “Sustainability & Food Safety”.  Indiana-based The Bee Corp scooped the Sustainability Award and Ohio-based ProteoSense took the Food Safety Award.

THRIVE VI Applications Open

THRIVE also announced that it has opened applications for its 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 fifth annual Forbes AgTech Summit in Salinas include Beth Ford, President & CEO, Land O’Lakes, Inc.; Sonny Perdue, U.S. Secretary of Agriculture; John Hartnett, Founder & CEO, SVG Ventures and THRIVE AgTech; Ertharin Cousin, Former Ambassador to the UN World Food Programme & Distinguished Fellow at the Center on Food Security and the Environment, Stanford University and Steve Forbes, Chairman & Editor-in-Chief of Forbes. 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 the SVG Ventures THRIVE website.

 

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

Smart AgriFood Summit THRIVEX Challenge: Innovation & AgriFood

SVG Ventures Selects THRIVE Startup Winner at Second Annual Smart Agrifood Summit in Malaga, Spain

SVG Ventures, a Silicon Valley based agrifood, investment and innovation firm, is an establishing partner of the Smart AgriFood Summit held June 19-21 in Malaga, Spain. Since launching four years ago, SVG Venture’s’ THRIVE Innovation platform has grown into a globally renowned AgriFood Platform, attracting partners like Corteva, Wilbur-Ellis, Land O’Lakes, Wells Fargo, Trimble, EY, Driscoll’s, and Taylor Farms.

The two-day conference will bring together more than 1,500 major stakeholders in Europe’s food and agriculture space to promote entrepreneurship and digital innovation across the region’s agriculture and value chain. Now in its second year, the summit is promoted by ‘Startup Europe’, an initiative of the European Commission. John Hartnett, SVG Ventures Founder and CEO, will deliver the opening keynote and will also preside over the investment selection committee. Hartnett will speak about the experiences of launching the THRIVE Venture & Innovation Platform and best practices for cities and governments looking to launch AgriFood ecosystem strategies in their respective regions. Hartnett will also speak later in the day alongside other U.S. and European investors on a panel focused on leading the expansion of venture in the agriculture and food ecosystem in Spain and other EU countries.

“SVG Ventures THRIVE has a proven track record in identifying and accelerating innovation in the food and agriculture space, with the 32 companies in our portfolio raising over $100 million to date,” said John Hartnett, CEO and Founder. “We are excited to judge the pitch sessions from top European start-ups as they compete on stage for investments. It’s an exciting time in AgriFood as the challenges of population growth, scarce resources, and labor shortages offer opportunity for entrepreneurs to innovate. Europe has proven to produce many high-quality startups including several of our startups winners, so the task ahead will be how to quicken the pace of innovation and commercialization by ensuring companies have access to capital, field trials, structural resources, and customers.”

SVG Ventures will play a strategic role in the continued expansion of private startup investment in Europe, an effort that will be further developed during an investment breakfast at the Summit, chaired by Hartnett, and attended by sector leaders including Vice President of the European Commission, Jyrki Katainen and Commissioner of Agriculture, Phil Hogan along with 14 corporate, angel and venture entities.

“The convergence of the agriculture sector and digital technology tools represent a major opportunity for the European continent and we are thrilled to collaborate with SVG Ventures, a global leader in agtech investment and programming, as we develop this space,” said Juan Delgado, Vice President of the European Foundation for Innovation and Technological Development.

For more information on the summit or to attend, visit: https://smartagrifoodsummit.com

About SVG Ventures-THRIVE Venture & Innovation Platform

The THRIVE Venture & Innovation Platform works with leading corporations, start-ups, universities, and growers to solve the biggest challenges facing the food and agriculture industries. THRIVE hosts a highly selective program for seed and growth stage AgriFood and FoodTech startups, providing investment, top-tier mentorship, trials, and go to market support and in addition provides advisory and corporate open innovation services to the largest agriculture and technology companies. www.svgventures.com www.thriveagrifood.com