Ag Ventures Alliance (AgVA) and AgLaunch Initiative have recently signed an MOU to co-invest in new early-stage companies, as well as to create new opportunities for farmers to participate in the innovation value-chain.
Pete Nelson, Executive Director of AgLaunch recently presented the keynote address to the AgVA Annual Membership Meeting. The presentation highlighted AgLaunch’s Farm-Centric Innovation Model, a unique approach to building agtech companies in which farmers incubate new agtech and value-added companies in exchange for equity in the new enterprises.
“AgLaunch is honored to address AgVA’s farmers about how to pool their resources into jumpstarting the agtech industry and next generation of value-added processing. AgVA’s history of farmer-led innovation and investment in new technologies is a natural extension of AgLaunch’s Farm-Centric Innovation Model,” said Nelson. “Expanding our farmer network beyond the Mid-South Delta region allows AgLaunch to build on its current work and gives startup companies additional opportunities to test and develop their products.”
AgLaunch and AgVA are committed to establishing a network of farmers to incubate new technologies that includes pilot trials, farmer feedback and guidance, as well as providing startup capital.
“We are pleased to have AgLaunch at our annual meeting to further advance the collaboration between the two orgs,” said Jude Conway, Executive Director of Ag Ventures Alliance. “Investing in the future of agriculture with AgLaunch is adding tremendous value to our farmer-members and provides a new collaborative opportunity for startups we are investing in.”
Currently, the two orgs are jointly supporting startup companies like Agrisync, SwineTech, Shepherd, Soil Nerd, and Rantizo through direct investments, farm-scale trials, and business support. Additionally, AgLaunch and AgVA also support value-added enterprises related to new crops, new market opportunities, and processing.