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SVG Ventures| THRIVE and Alberta Innovates Launch Global Climate Challenge: Bridging Agriculture and Energy for a Sustainable Future
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Calgary, AB, February 1, 2024 – SVG Ventures| THRIVE, a global venture and innovation platform, and Alberta Innovates, the innovation engine of Alberta, Canada, join forces to unveil the Climate Challenge – a ground-breaking initiative aimed at accelerating innovation at the intersection of agriculture and energy to combat climate change and create a sustainable future.

With the global population projected to reach 10 billion by 2050, the need for increased agricultural production underscores the parallel necessity for sustainable energy solutions. The Climate Challenge is an international quest for innovators developing technology-enabled solutions at the ag-energy nexus, playing a vital role in securing a sustainable future for our global community.

Alberta Innovates, a leader in the Canadian innovation ecosystem, is partnering in this initiative. Together, THRIVE and Alberta Innovates aim to support local innovators and attract international start-ups to Alberta, positioning the province as a hub for transformative solutions in agriculture and energy.

Open to innovators worldwide, the Climate Challenge will culminate at Inventures, Alberta’s flagship tech conference, on May 30th, 2024. This event, hosted annually by Alberta Innovates, provides a platform for start-ups to showcase their bold ideas, connect with industry leaders, and capitalize on Alberta’s innovation advantage.

The Climate Challenge will focus on three core themes identified as high-potential areas for innovation: Advancing the biofuels value chain, on-farm energy, and water stewardship. Ten global finalists will have the opportunity to pitch their innovations live, gaining global recognition and access to significant prizes and growth opportunities.

Alberta, a rapidly growing tech-hub, stands as the epicenter where innovation meets opportunity. This collaboration between THRIVE and Alberta Innovates aims to drive innovation, creating a more sustainable and prosperous future for our global community.

Innovative start-ups from across the world are invited to apply and be part of this extraordinary journey. Visit the Climate Challenge Website to learn more about the Climate Challenge and submit your application.

The Climate Challenge marks a pivotal moment in the pursuit of sustainable innovation. Through our collaboration with Alberta Innovates, we are not only fostering a global search for ground-breaking solutions at the ag-energy nexus but also propelling Alberta onto the world stage as a key player in climate-smart agriculture.”  said John Cassidy, Managing Director of THRIVE Canada. “This challenge is a testament to our shared commitment to driving transformative change and creating a more resilient and prosperous future for our planet. We invite innovators worldwide to join us on this extraordinary journey, as together, we redefine the possibilities at the intersection of agriculture and energy.”

“Our planet is continually changing, creating demands of our food producers and agricultural sector.” says Doug Holt, Associate Vice President, Investments, Alberta Innovates.The Climate Challenge opportunity, created by SVG Ventures | THRIVE is a way for innovators from all over to come together to solve some of the world’s most pressing problems. We look forward to the results of this Challenge and welcoming the successful teams to Inventures 2024, May 29-31, in Calgary, Alberta.”

About SVG Ventures| THRIVE:

SVG is a leading AgriFood Innovation and Investment platform headquartered in Silicon Valley, and comprised of top agriculture, food & technology corporations, universities and investors. With a community of over 10,000 startups from over 100 countries, SVG invests, accelerates and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. SVG’s Corporate innovation program works with Fortune 1000 corporations transforming their businesses, accelerating their growth and driving their innovation priorities.  SVG’s global partners include leading government, agriculture, and technology corporations such as Alberta Government, Old’s College, Calgary Economic Development, Corteva, Driscoll’s, FCC, BASF, Kubota, Land O’Lakes, Shell, Trimble, Taylor Farms, Bayer, ICL, Nutrien, Intel, Agrofresh, Valmont, UFA, Yamaha Motor Ventures, KRONE and Wilbur-Ellis. Learn more at www.thriveagrifood.com.

About Alberta Innovates:

Alberta Innovates manages nearly 1,300 projects in a portfolio valued at $1.33 billion. We work with innovators in all sectors of the economy and all corners of the province to drive entrepreneurship, applied research and industry development. With our impact-based funding programs and services, we are transforming energy systems for a net-zero world, promoting the responsible use of land and water, leveraging provincial strengths in agriculture, and contributing to improved health and well-being by harnessing digital tech and data. We are also advancing emerging technologies and strengthening entrepreneurship for a strong and diversified economy. We operate in 11 locations with more than one million sq. ft. of industrial testing and lab facilities, and 600 acres of farmland. We employ nearly 600 highly skilled scientists, business and technical professionals. From funding to commercialization, we are Alberta’s innovation engine! See what entrepreneurs say about our coaching and support.

Learn how Alberta Innovates.

For media inquiries, please contact:

Helen Hartnett, COO

SVG Ventures| THRIVE

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