St. Louis based agtech accelerator Yield Lab and Arch Grants have announced they are developing a partnership to provide resources to AgTech startups in the St. Louis region. Yield Lab is a new business accelerator that invests in sustainable methods of increasing the world food supply.
“LifePack is an international company from Cali, Colombia which manufactures plates and other items made of natural plant fibers and seeds that germinate in a backyard garden or landfill when exposed to light, air, and water,” explained Ginger Imster, Executive Director of Arch Grants. “The Yield Lab is an ideal location for LifePack to headquarter because of its network of major agricultural players in the St. Louis Region.”
LifePack will join the Yield Lab on-site at the Helix Center and participate in the 2015 Yield Lab program which will focus on direct business training, mentoring, and networking opportunities. “We have a long list of resources that will provide high value and growth potential for LifePack,” said Thad Simons, Lead Managing Partner of the Yield Lab, “we look forward to working with LifePack and a continued relationship with Arch Grants to tap into the growing Agriculture Technology sector.”
Arch Grants is a 501(c)(3) nonprofit, economic development organization with a mission to create an entrepreneurial culture and infrastructure to build successful companies in the St. Louis region. Through its Global Startup Competition, applications are accepted worldwide and Arch Grants selects the most innovative businesses to receive $50,000 equity-free cash grants and a host of pro bono support services. To date, Arch Grants has awarded $3.1 million to 55 companies.
Yield Lab’s inaugural 2015 class will consist of 4 to 6 companies and the program begins in January. The Yield Lab is accepting applications through October 31, 2014 and Arch Grants will open its 2015 application January 1, 2015.
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