FREQUENTLY ASKED QUESTIONS
THRIVE is the #1 Agtech Accelerator & the most active AgTech investor in the world. We are committed to advancing the future of food and agriculture through innovation. 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 & analytics, biotechnology, cloud services/SaaS, connected devices, infrastructure & supply chain, and automation & robotics
Startups should be Seed to Series A+ with a product either in development or in market.
We are currently accepting applications for our THRIVE VII Accelerator Cohort. To apply, please complete the form here. Deadline to apply is November 6th, 2020.
THRIVE is looking for focused, well-rounded companies with great teams and disruptive ideas with the ability to execute. We will identify approx 30 companies from our global applicant pool to pitch to our SVG|THRIVE team and our corporate partners. A total of 8 companies will then be selected to participate in our 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 and 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 $75,000 ($37,500 cash investment and $37,500 in program value) for 4% equity. In some cases, we make follow on investments.
MENTORSHIP: We pair each startup with expert mentors & advisors from our global mentor network.
COACHING: We provide companies with invaluable business coaching covering pitch development and delivery, sales & marketing, investment, legal guidance, global expansion and more.
INCUBATOR SPACE: We provide startups with a hot desk at the Western Growers Association in downtown Salinas, California for the duration of the program.
LEGAL COUNSEL: We offer one-on-one legal counsel with leading law firm Orrick.
ENGAGEMENT WITH CORPORATES: We provide startups direct access to some of the largest food & 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, are provided a Demo table at the Innovation showcase & tickets to attend the 2 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 3 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 & Demo Day where participants are required to attend in person sessions in Silicon Valley & 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 $75,000 ($37,500 cash and $37,500 in program value) for 4% 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.