AgLaunch has opened applications for its latest initiative AgLaunch365, which combines its accelerator program with its network of innovative farmers in a flexible wrap-around model that revolves around the agricultural production cycle. AgLaunch365 is a farm-centric program that will assist in field trials and attracting investments for ag startups.
AgLaunch365 will operate in three phases, allowing startups to participate in the phases that are relevant to each company’s stage of growth. The year-round program includes:
- Phase I: Business model development - “customer discovery”
- Phase II: Refine product - “getting field ready”
- Phase III: Access to network of innovative farmers - “field trials”
As a leading accelerator program, AgLaunch develops agtech startups, creates value-chain companies, builds collaborative farmer networks and addresses gaps in the regional food and ag innovation ecosystem.
“AgLaunch365 reflects the continued refining of our model to revolutionize the way agricultural innovation is brought to market. Through our experiences to date, we’ve found what works, but we’ve also seen the opportunity to tailor our program even more effectively,” says AgLaunch President, Pete Nelson. “AgLaunch365 will accommodate the specific needs and timing of those working in the ag industry in a strategic way that has never before been done in the industry.”
Here’s an overview of AgLaunch
AgLaunch’s goal is to attract, start and grow 100 agricultural startup companies by 2022. AgLaunch is a joint initiative of Memphis Bioworks Foundation and the Tennessee Department of Agriculture.
View pitches from the past AgLaunch Accelerator participants
Ag startups that are focusing in precision farming; farming technology; innovations in crop production, supply chain, food safety; and animal health and nutrition qualify to participate in AgLaunch365.
Startups will have the ability to enter the program based on their developmental needs and how their product fits in the farm planning and cropping cycle. Entrepreneurs who participate will have dedicated blocks of time for programming in Memphis, TN, but also have flexibility to travel or be in the field to conduct normal business and assignments in-between programming.
“AgLaunch is situated in one of the best areas for ag entrepreneurs. Not only is the region rich with natural resources, but Tennessee sees the value in ag innovation,” says Tennessee Commissioner of Agriculture, Jai Templeton. “AgLaunch is bringing the right people - from investors, entrepreneurs, and those within the ag industry - to a region that supports innovation and agriculture.”