Richard Vierling recently joined Texas A&M AgriLife Research where he is responsible for the Vernon Research & Extension Center, Texas Foundation Seed Service, and business development for the AgriLife Centers.
Rabobank, a global financial services company operating in over 40 countries, has teamed up with San Francisco tech campus RocketSpace to launch a new accelerator called Terra, which will focus exclusively on food and agtech startups.
The Center for Innovation and Technology is being sponsored by Bayer CropSciences, Farm Credit, Monsanto, Prophet North America, Toro Micro-Irrigation, Taylor Farms and JV Smith Companies, and is still open for applications.
Deals from the week include a private equity-backed Australian producer's A$550m IPO, an agriculture fund commitment by Merced County and the Accel Partners-led Series A round of grocery delivery company Opinio in Bangalore.
As we look ahead to the Forbes AgTech Summit later this week, we took a moment to reflect on GAI’s AgTech Week, which took place two weeks ago in San Francisco, to make a few observations on what’s happening in agtech.
As the world population continues to climb, so does the demand for food. With a finite amount of arable land, keeping up on the supply side is a major challenge for farmers located in certain regions of the world.
“Farmers everywhere will tell you that weather and water are the biggest issues,” Travis Bayer, co-founder and Chief Technology Officer at Asilomar Bio. The company recently closed a $3 million Series A round co-lead by Cultivian Sandbox Ventures and Fall Line Capital.
Aerobotic Innovations, a drone control and safety application, announced recently that it has partnered with Packet Digital LLC to offer new products that will combine their respective state-of-the-art software and hardware technologies.
VitalFields announced recently that it has secured $1.2 million in Series A funding from an international syndicate of investors, including SmartCap, the investment arm of the taxpayer-funded Estonian Development Fund, and an undisclosed large Silicon Valley based investor.
India is currently witnessing the launch of its first Food and Agri-business Accelerator program. Many entities are involved with the accelerator, with the IIMA Centre for Innovation Incubation and Entrepreneurship (CIIE) and a-IDEA, the business incubator at Indian Council of Agricultural Research’s (ICAR) National Academy of Agricultural Research Management (NAARM) leading the program.