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Red Deer Polytechnic, SVG Ventures | THRIVE sign MOU to support innovation at the ag-energy nexus in Alberta
RDP MOU Photo

June 11, 2024– A new agreement signed by Red Deer Polytechnic and SVG Ventures|THRIVE will bring together entrepreneurs, industry experts and researchers to support economic growth and sustainability in Alberta at the intersection of the agriculture and energy sectors.

The synergy between agriculture and energy is a topic of increasing importance around the globe. Nowhere is this synergy more profound than in Alberta, where these sectors are not only essential drivers of the provincial economy, but also take the lead on the international stage.

This memorandum confirms both parties mutual interest in working towards initiatives in central Alberta that bring awareness to and build Alberta’s ag-energy innovation ecosystem for local and global impact; foster the start-up, scaleup and applied research community at this nexus; and increase competitiveness across central Alberta’s agriculture and energy industries through effective technology demonstration and adoption.

“We are building this relationship with Red Deer Polytechnic with a view to strengthen Alberta’s innovation ecosystem with a specific focus on technology-driven solutions to support the vital agriculture and energy sectors,” says John Hartnett, CEO, SVG Ventures|THRIVE. “Since establishing our Canadian operations in 2021, we’ve seen first-hand the innovations that are coming from Alberta, and this partnership allows us to support the ecosystem in a broader way. By 2050, global food production will need to meet the needs of nearly 10 billion people. An increase in agriculture production will result in an increased demand for energy.”

A sustainable future requires managing resource scarcity, decreasing and upcycling waste, reducing environmental impact, upgrading our processing capabilities and distribution networks, and adopting best innovative practices and emerging technologies. The ag-energy nexus offers significant opportunity for innovation and collaboration across the public and private sectors is required to capitalize on the strengths of Alberta.

“We’re experiencing rising costs of production and distribution in both the ag and energy sectors, which is felt at all levels of the value chain,” says Stuart Cullum, President and CEO of Red Deer Polytechnic. “Working with SVG and its leading innovation and investment platform, enables RDP to accelerate technology development and adoption. Our focus is on providing enhanced learning and applied research environments, to grow the talent and innovation solutions needed for our energy and agriculture sectors to coordinate effectively and thrive.”

About SVG Ventures|THRIVE

THRIVE is a leading investment and innovation platform comprised of top agriculture, food and technology corporations, universities and investors. With a community of over 10,000 startups from more than 100 countries, the THRIVE platform invests, accelerates and creates access for entrepreneurs to scale globally to solve the biggest challenges facing the agriculture, food and energy industries.

About Red Deer Polytechnic (RDP)

As a post-secondary leader in energy innovation, RDP is committed to improving its energy production and utilization, while enhancing its learning and applied research environments. RDP’s commitment to energy diversification, is the primary motivation to convert its main campus to an Innovation Ecosystem, that will support the development and demonstration of leading and novel technologies, to accelerate their application and integration. Within this cutting-edge environment, RDP is focusing students, faculty, researchers and industry on the issues needing to be solved.

For Media Inquiries, please contact:

Helen Hartnett, COO
Helen.hartnett@svgventures.com
www.thriveagrifood.com

Jeff Maser, Communications Manager, Red Deer Polytechnic
Jeff.Maser@rdpolytech.ca
(403) 342-3558

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