AgLaunch leverages the Delta’s strongest assets by attracting, training and supporting entrepreneurs.
AgLaunch benefits Tennessee’s economy as well as leaves a global impact through AgLaunch’s support of innovative technology. AgLaunch plans to support 100 new companies comprised of more than 200 entrepreneurs, resulting in 2,000 high-wage jobs, all within the next five years.
After a successful 2016 accelerator, the 15-week 2017 AgLaunch Accelerator will host six agri-tech startups this summer. The accelerator will begin May 1, 2017 and will culminate with a Demo Day on Aug. 10. Applications are open through March 1.
Each team will receive $50,000 worth of an investment. Some teams may also receive follow-on capital after completing the program.
The AgLaunch Accelerator boasts an impressive network of professionals in the ag field, including:
- Gabriel Wilmoth: Syngenta Ventures
- Tobias Peggs: The Kitchen Community
- Matt Bell: Cultivian Sandbox
- Jose Peschiera: Fall Line Capital
- Ryan Rakestraw: Monsanto Growth Ventures
Entrepreneurs will also have access to the natural resources the Delta has to offer. The area produces major row crops (rice, corn, cotton, soy, wheat, and sorghum), a range of specialty crops, has a fast-growing local food industry, excellent logistics, and a broad range of agribusiness and farms.
The Accelerator includes involvement from the following leading agribusinesses, investment firms and organizations: Agricenter International, Archer Malmo, Baker Donelson, Closed Loop Capital, CNH Industrial, Cultivate Ventures, Cultivian Sandbox Ventures, Fall Line Capital, German Farms, Global Action Platform, GrowthX, Henderson Transloading, Informa Economics, Innova Memphis, Knoxville Entrepreneur Center, Life Science Tennessee, Little Bird Innovation, Mid-America Farm Credit, Middle Tennessee State University, Mid-South Family Farms, Mid-South Minority Business Council Continuum, Monsanto Growth Ventures, National Agricultural Genotyping Center, National Corn Growers Association, Oxbow Agriculture, Progeny Ag Products, Ritter Agribusiness, Syngenta Ventures, Tennessee Farm Bureau, University of Tennessee at Martin, Valley View Agri-Systems, Vanderbilt University, and Waller Law.
AgLaunch is an initiative of Memphis Bioworks Foundation and the Tennessee Department of Agriculture, and includes a robust group of public and private partners including University of Tennessee Institute of Agriculture & Tennessee State University. The AgLaunch Accelerator is funded in part through a grant from Launch Tennessee.