FREQUENTLY ASKED QUESTIONS
THRIVE is the #1 Agtech Accelerator and the most active agtech investor in the world. We are committed to advancing the future of food and agriculture through innovation, and we provide startups with investment, access to our corporate and farmer network, expert mentorship and advice, and phenomenal exposure through our THRIVE | Forbes Demo Day at the annual Forbes AgTech Summit.
THRIVE is looking for technology-powered startups from around the world with innovative ideas for products and services in the areas of AgTech and FoodTech. We are looking for solutions that will significantly increase or transform agriculture from the field to the fork, including big data and analytics, biotechnology, cloud services/SaaS, connected devices, infrastructure and supply chain, and automation and robotics. Startups should be Seed to Series A+ with a product either in development or in market.
We have an open call for global applications every year. To find the latest, please visit our Global Accelerator page.
THRIVE is looking for focused, well-rounded companies with great teams, disruptive ideas, and the ability to execute. We will identify approximately 30 companies from our global applicant pool to pitch to our team and corporate partners. A total of eight companies will then be selected to participate in our THRIVE Accelerator Cohort. Team, technology, traction, and total addressable market are key criteria for selection.
We organize a variety of one-on-one sessions and group workshops with mentors, entrepreneurs, angel investors, legal experts, venture capitalists, investment bankers, and more. Access to the grower, corporate, and investor networks in Silicon Valley and Salinas Valley is a strong asset to the participating companies.
INVESTMENT We provide companies with an investment of $100,000 ($50k cash investment and $50k in program value) for 5% equity. In some cases, we make follow on investments.
MENTORSHIP: We pair each startup with expert mentors and advisors from our global mentor network.
COACHING: We provide companies with invaluable business coaching covering pitch development and delivery, sales and marketing, investment, legal guidance, global expansion, and more.
ENGAGEMENT WITH CORPORATES: We provide startups direct access to some of the largest food and agriculture corporates to initiate product testing, commercialization, and acquisition.
FORBES AGTECH SUMMIT: Our startups get to pitch at Demo Day at the Forbes AgTech Summit, set up their own demo table at the Innovation Showcase, and receive tickets to attend the two-day event.
Please do not submit any business plans, trade secrets, or “secret sauce.” Your application must include only non-confidential information. All information disclosed to us in your application will be considered non-confidential public information. THRIVE will only treat information as confidential if the information is covered by a formal, written confidentiality agreement signed by SVG Partners prior to disclosure.
IP developed by a participating company is retained by that company.
No. They will include entrepreneurs, investors, and technologists with a breadth of experience building businesses. These mentors are drawn from SVG Ventures extensive global network.
The THRIVE Accelerator is a three-month virtual and in-person program based in Silicon Valley with several sessions taking place in Salinas, California.
No. Much of the program takes place virtually with the exception of Seed Camp and Demo Day where participants are required to attend in-person sessions in Silicon Valley and Salinas.
No. If you are selected to participate in the THRIVE Accelerator, you must be in a position to fund your own travel and accommodation for the key events you will be required to attend.
We provide companies with an investment of $100,000 ($50k cash and $50k in program value) for 5% equity. We may make follow on investments.
It is fine if you already have some funding or if you have no funding and are in need of seed funding. You must, however, have a business case, be on the path toward protecting your technology (i.e. filing for patents), and have a strong knowledge of your potential market.