Creating Alternatives for Entrepreneurs in Agri-Meals


Information launch

Alberta Innovates and SVG Ventures | THRIVE joins forces to construct $3-million tech pre-accelerator

Edmonton Alberta, April 5, 2022 , Alberta Innovates and SVG Ventures | Thrive, backed by PrairiesCan, pronounces Thrive Academy, A brand new pre-accelerator in AlbertaTo help entrepreneurs, researchers, innovators, early stage startups and spin-outs within the agri-food know-how sector.

$3 million from Alberta Innovates and $700,000 in federal funding by way of PrairiesCan will assist THRIVE set up THRIVE Academy, offering coaching and help to entrepreneurs to grow to be market- and investor-ready with the purpose of constructing extremely scalable corporations . Academy individuals might be supplied with six weeks of intensive programming, adopted by six weeks of mentorship from industry-leading mentors, culminating in a Demo Day, which permits individuals to interact with {industry} leaders, potential traders and accelerators such because the SVG Thrive Canada Accelerator. — a part of Alberta’s Innovates Scaleup and Development Accelerators Program (ScaleUp GAP).

Thrive Academy will present hands-on coaching and entry to testing websites akin to Olds School Sensible Farms and different utilized analysis alternatives to validate early-stage concepts. This system can accommodate as much as 15 individuals per yr in every of the 2 teams. This system will alternate between websites in Alberta throughout the three-year funding interval.

Together with Thrive Academy, SVG Ventures will even launch Thrive Enterprise Studio. This distinctive enterprise maker mannequin will deal with the formation of latest corporations in response to a number of the most urgent points within the agri-food worth chain. SVG Ventures | Thrive will leverage its sturdy relationships with farmers and {industry} to establish these alternatives, supply founding groups and make investments seeds in these agri-tech corporations.

Continuity of companies provided by SVG Ventures – Supplies end-to-end commercialization help for Alberta agri-food corporations from Thrive Studio to Thrive Academy and Thrive Accelerator.

The Thrive Academy and Thrive Enterprise Studio Alberta Innovates, Alberta Ministry of Jobs, Financial system and Innovation, Prairies Financial Growth Canada (PraiseCan), Olds School and SVG Ventures. There’s a collaboration between Thrive. This partnership is a part of Scaleup GAP, managed by Alberta Innovates.

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“From autonomous agricultural functions to water and soil sensors, agri-food applied sciences have large potential to contribute to the competitiveness of Alberta’s agriculture sector whereas creating high-quality jobs. Our authorities help for Thrive Academy at Olds School Alberta will assist startups to draw funding, develop their concepts and supply the foundational help they should place themselves on the chopping fringe of Canada’s management on this dynamic sector of our financial system.

Minister Daniel Vandal, PrairiesCan

“Alberta’s agri-food sector is rising quickly, and that is one other indicator of the facility of innovation occurring right here in our personal yard. Alberta Innovates’ work to accomplice and help innovators and entrepreneurs means we Faculties can see applications like Thrive Academy open. We proceed to work to diversify our financial system, and it is thrilling to see development, funding, jobs and options occurring throughout our province.”

Minister Doug Schweitzer, Jobs, Financial system and Innovation

“Rising higher companies in Alberta begins within the early levels. Like seedlings in a farm, these good concepts must be nurtured and supported. Thrive’s distinctive applications for pre-accelerator corporations will assist these innovators and entrepreneurs Those that have good concepts might be helped to take them to the subsequent stage. We’re ready for the outcomes to come back from these programmes.”

Laura Killcrease, CEO, Alberta Innovates

“SVG Ventures | Thrive is happy to enter this settlement with Alberta Innovates & Olds School. This new program providing permits THRIVE to increase our assets for entrepreneurs, innovation within the agri-food provide chain and extra farmers whereas driving digital disruption.” permits to help.

John Cassidy, Managing Director Canada, SVG Ventures | Thrive

background

About SVG Ventures | thrive

SVG Ventures | THRIVE is the main international agri-food funding and innovation platform headquartered in Silicon Valley, and contains high agriculture, meals and know-how companies, universities and traders. With a group of over 5,000 startups from 100 international locations, the THRIVE platform creates funding, velocity and unparalleled entry for entrepreneurs globally to unravel the most important challenges going through the meals and agriculture industries. SVG’s international companions embody media accomplice Forbes and main authorities, agricultural and know-how companies akin to Corteva, Driscoll, FCC, Kubota, Land O’Lakes, Trimble, Taylor Farms, Bayer, ICL, Nutrien, Intel, Valmont, UFA, Yamaha Motor Huh. Ventures, BASF, Koch and Wilbur-Ellis. Leam extra.

Alberta Innovates The province invests in analysis, innovation and entrepreneurship to drive financial development and variety. We ignite the facility of innovation by way of our work with researchers, {industry} and entrepreneurs to steer Alberta to a low-carbon future, promote accountable use of land and water, and contribute to Alberta’s higher well being and well-being. Huh. Alberta Innovates gives technical experience, entrepreneurial recommendation and help, partnership alternatives and funding to advance the most effective concepts. We help a variety of analysis and innovation exercise – from discovery to make use of. Collaboration is on the coronary heart of what we do – bringing collectively vibrant minds and nice concepts. Learn the way Alberta albertainnovates.ca. innovates on

prairiescan The federal division that helps financial growth in Alberta, Saskatchewan and Manitoba. Its applications and companies assist companies, not for revenue, and communities develop stronger. Its mandate is to help financial growth and diversification within the Prairie Provinces and to advance the area’s pursuits in nationwide financial coverage, applications and tasks. prairiescan.gc.ca . Be taught extra on

media inquiries

Alicia Smith
Advertising and Occasion Supervisor
SVG Ventures | thrive
Alicia.smith@svgventures.com

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Julia Neshef
Senior Enterprise Accomplice, Strategic Communication Initiatives
Alberta Innovates
julia.nachef@albertainnovates.ca
780.918.1625



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