AgSmarts, dubbed the ‘Google Nest’ for agriculture irrigation, has been named as a semi-finalist to the $1M Global Action Challenge. The $1M prize is a competitive investment opportunity to identify breakthrough prototypes and technologies or early-stage ventures that hold promise for transformative impact on health and food and are scalable business enterprises. The Global Action Challenge is open to food and/or healthcare innovators and entrepreneurs from around the world. The recipient(s) and top finalists will be recognized at the Global Action Summit.
The Global Action Challenge is an international business competition, made possible by a pool of investment funds designed to stimulate global innovation and to invest in innovations and businesses that can have a transformative impact on food, health, and prosperity. The Global Action Challenge is based on the understanding that business solutions are the foundation for effectively solving the global grand challenges facing the world.
Through the Challenge, the Global Action Platform helps to launch solutions to issues discussed at its annual Summit and Forums. Challenge funds represent a spectrum of investments, from early stage to late stage venture funds, grants, and social enterprise funds.
Last year’s winner was presented to US Biologic, a company working to prevent the transmission cycle of Lyme disease. Lyme disease is the #1 vector-born disease in the U.S. with over 300,000 new cases each year.
AgSmarts is currently doing a capital raise on AgFunder for Accredited Investors.