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Iowa AgriTech Accelerator Accepting Applications for its 2019 Cohort
Are you an early-stage ag tech company looking for resources and support to help get your idea, intellectual property, or prototype off the ground? If so, the Iowa AgriTech Accelerator (IATA) wants to hear from you.
The cohort recently announced it is accepting applications for its 2019 program, which is scheduled to run from May 28 to August 29, 2019. As it enters its third year, IATA is encouraging ag tech start-ups from around the globe to apply. Up to five companies will be chosen for this year’s cohort. Similar to years past, those selected to participate will receive $40,000 in seed funding, subsidized housing, office space throughout the incubator period, time with mentors and investors, and opportunities to build strategic partnerships.
“In 2018, we hosted our second cohort, with start-ups from across the country and even the Atlantic. The applications we received, and the far stretches where they came from, are evidence that our program is growing, and our reach has moved beyond the Midwest,” notes Megan Vollstedt, executive director. “In 2019, we will continue working closely with the program’s investors, mentors, and partners to build on last year’s success. Our primary goal is to ensure the ag tech companies will have the resources and support they need to hit the ground running.”
The 2019 program has support from some of the largest and well-known ag tech and ag-related companies in Iowa, including Corteva Agriscience, Farmers Mutual Hail Insurance Company, Grinnell Mutual, Kent Corporation, John Deere, and Sukup Manufacturing Company, as well as access to more than 120 mentors.
This year, the cohort is looking to add investors to the program’s portfolio, who are the cornerstone of the program. Investors use their expertise and connections in the ag industry to introduce the start-ups to the right network of influencers and potential business partners. In return, they receive valuable takeaways from the start-ups and the program itself that they can integrate into their own future business plans.
To learn more about the Iowa AgriTech Accelerator, how to apply for the 2019 program, or to become an investor in the program, visit agiowa.com.