AgLaunch accelerates new innovations in food and agriculture. The organization addresses global issues while creating local opportunities in the Mid-South. AgLaunch connects agricultural researchers, entrepreneurs, farmers, investors, corporations and nonprofit organizations to address real farm and supply chain needs. 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.
AgLaunch is currently looking for start-ups interested in three different opportunities:
AgLaunch Accelerator will invest $50,000 and three months of intensive business development support, access to farm trials, and a robust mentor network to six startup companies. Participating startups will be immersed in a collaborative Summer of Acceleration experience in Memphis with six other business accelerators May 1- August 10. Entrepreneurial programming is supported through the expertise of EPIcenter and Start Co., a member of the Global Accelerator Network that has led more than 80 startup companies. Startups will also have access to expert agri-marketing and legal advice provided by Archer Malmo and Baker Donelson respectively.
AgLaunch365 to Provide Ag Startups Access to Farm-Centric Support-to-Scale Innovation Program – Open Applications for Programming and Investment
AgLaunch is pleased to announce open applications for AgLaunch365 that will develop promising startups interested in growing their agricultural innovation business in a farm-centric model. Entrepreneurs who are interested in any of the following phases should apply:
- Phase I: Business model development – “customer discovery”
- Phase II: Prototyping – “getting field ready”
- Phase III: Access to network of innovative farmers – “field trials”
AgLaunch365 phases are designed to build upon each other and startup teams are invited to apply for the whole program or for one specific phase based on needs.
AgLaunch365 is open to companies at all stages whether early-stage help is needed or access to progressive farmers who can help ground-truth innovative technology.
- To access the field trial network, applications due by 8:00 a.m. CT on Monday, January 22, 2018.
Innovations of Interest:
- Precision Farming
- Management of inputs
- Soil & crop tech
- Irrigation & water tech, sustainability enablers
- Farming technology
- New equipment
- Robotics or automation
- New, innovative technologies
- Crop production, harvest & storage
- Supply chain & logistics
- Processing/productivity tools, diagnostics
- Food safety, security
- Animal Health & Nutrition
- Welfare practices
- Healthcare improvements
Participants in AgLaunch365 will have access to the following:
- Customized programming focused on agriculture + lean startup
- Seed stage and potential for follow-on investment (historically $25k – $50k for Phase I companies) from Innova Ag Innovation Fund IV, a licensed USDA Rural Business Investment Company funded by 8 Farm Credit banks.
- Exclusive access to Farm Journal media & events including AgTech Expo
- Participation in Farm Bureau’s Agriculture Investment Summit
- Field trials and access to farmer network of leading innovative farmers including cost share opportunity
- Support from a national network of mentors and service providers including Archer Malmo & Baker Donelson
AgLaunch Farmer Network is working with a select group of startups to coordinate farm scale trials with new technologies across various production environments and key crops. Lead participants in the farmer network include Ritter Agribusiness and Mid-South Family Farms.
Dates: Space is limited for 2017 pilots, so evaluation priority is given on a first come, first serve basis.
Click here to learn more. Email Brandon Russell at BRussell@aginnovationgroup.com to learn if the Farmer Network is a good fit for you.
These AgLaunch initiatives focus on a range of technologies, including precision agriculture, robotics, automation, biologic-based pest control, specialty crops, equipment modifications, food ingredients, supply chain integrity and traceability, soil health, reduction of spray drift, food safety and reduction of food waste, water/input efficiencies and innovations in the supply chain.
Read our press release to learn more.