Eight Start-Ups Set to Pitch at World Agri-Tech Innovation Summit
Chosen from over 150 international entries, eight early-stage start-ups will vie for a $250,000 investment from Radical Growth during the World Agri-Tech Pitch Day and Radicle Challenge. The event, which is in its second year, will take place on Monday, March 18, 2019, in San Francisco.
The winner will be announced on Tuesday, March 19, during the World Agri-Tech Innovation Summit. The selected start-up will also present to more than 1,200 global agribusiness leaders and investors during the Summit’s Technology Showcase on Wednesday, March 20.
The panel of judges included Radicle’s Kirk Haney, Arama Kukutai (Finistere Ventures), Geoff Kneen (Bayer Crop Science), Mai Komatsu (Corteva AgriScience) and Adrian Percy (an independent adviser), evaluated the submissions and selected the finalists.
“Once again, we saw a fantastic response for participation in the Pitch Day competition, with hundreds of entries from innovators around the world,” says Kirk Haney, Radicle Growth managing partner. “Now is an exciting time for ag tech innovators and investors, and we’re delighted to support their route to market with this platform to showcase their solutions and to benefit from our $250k investment and mentoring. We look forward to the presentations and to working with the selected winner.”
Below are the eight finalists.
Agrospheres – United States. This company has created a platform technology for encapsulation of biomolecules and synthetic chemicals. It is developing biological-based crop protection products for the control of thrips and fungi. It is also working with partners to improve the delivery and efficacy of pesticides and the delivery of double-stranded RNA.
AgTrace – Brazil. This start-up has developed a traceability solution that ensures transparency and information reliability, reducing response time to issues within the food value chain. Based on deep knowledge of farming processes and advanced IoT and blockchain technologies, AgTrace guarantees information security about agriculture processes, using sensors and equipment to register information from inside and outside the farm.
Aromyx – United States. This company enables the creation of quantitative digital representations of taste and smell by isolating natural human olfactory receptors and converting them to a standardized diagnostic format. Its olfactory database provides a basis for machine learning to analyze flavors and fragrances, offering revolutionary precise quality control diagnostics to compare crops from different locations or production times, and to resolve issues of off-flavors or a contaminant.
EscaVox – Australia. This start-up is working to transform food supply chains to allow better decisions to be made, which allows waste to be reduced and food safety to be increased. It uses software designed to import and connect various data sets, then analyzes and identifies problem areas. It combines this with tracking data to give the product a voice from beginning to end.
Napigen – United States. Using mitochondrial CRISPR genome editing, this company’s goal is to create a new platform for hybrid wheat seed production by providing elite male sterile and restoration lines that are uniquely produced by its genome editing tools. The hybrid wheat platform will stack valuable traits such as herbicide tolerance and biotic/abiotic stress tolerance without losing their value by undesirable self-propagation.
Tarfin – Turkey. With this start-up’s technology, farmers will gain access to instant, competitive point-of-sale credit terms for their farm input purchases. Using proprietary algorithms and an expansive retail network, Tarfin’s machine-learning-based credit algorithms instantly assesses a farmer’s likelihood of repayment. Transactional as well as farm-level data are taken into account, helping the company convert more leads into sales.
Traive – United States. This ag fintech solution unlocks credit to farmers by connecting them to lenders and providing machine learning-based credit risk assessment and monitoring. Traive brings farmers state-of-the-art technology to offer a novel and fair credit risk assessment, opening the door for affordable funding for their businesses. For lenders, Traive provides a differentiated analysis applied over alternative farming and individual data, while allowing access to a much larger and diversified portfolio of borrowers.
Tulaa – Kenya. This start-up has created a marketplace for smallholder farmers in Africa to access inputs, credit, training, and buyers. Using mobile technology and artificial intelligence, Tulaa enables farmers to buy inputs like fertilizer on credit, to receive training on good agricultural practices, and to find buyers at harvest time.
To learn more about the World Agri-Tech Innovation Summit, visit worldagritechusa.com.