SAN DIEGO, Calif. – November 5, 2019 – Radicle Growth, an acceleration fund, and Corteva Agriscience, a leading pure-play agricultural company, today announced the launch of The Radicle Challenge by Corteva, to be hosted at the World Agri-Tech Innovation Summit. Together, Radicle and Corteva will identify a promising agtech startup that is solving agricultural challenges with novel technology solutions and support its success. Entrepreneurs with technologies across the agricultural landscape who are solving problems with breakthrough technology solutions are invited to apply to take part in the Challenge between now and December 6, 2019. The winner will receive a $250K investment from Radicle Growth, have access to Radicle’s company-building platform, and have the opportunity to engage with Corteva technology leaders to help shape, validate and refine the selected growth opportunity using virtual or actual on-the-farm assessments.
“Having worked in and led start-ups prior to assuming responsibility for leading the R&D team at Corteva, I know how tough it can be for entrepreneurs to bring innovations to market,” said Neal Gutterson, Chief Technology Officer, Corteva. “After serving as a judge for one of Radicle’s recent challenges and working with its team for three years now, I am convinced that they know how to help entrepreneurs convert great ideas into workable, differentiated and scalable solutions. I am proud that Corteva is partnering with Radicle on this Challenge to provide farmers with important new tools, and I look forward to seeing the entries it generates from around the world.”
This is the third year in a row that Challenge finalists (to be announced in mid-February) will be invited to a Pitch Day competition onsite at the World Agri-Tech Innovation Summit, which will take place in San Francisco from March 17-18, 2020. The Challenge winner will be invited to present on stage as part of the Summit’s acclaimed start-up technology showcase, and all finalists will attend both days of the summit. Last year’s winner at the World Agri-Tech Innovation Summit, Aromyx Corp., was awarded $250k to accelerate the development of a sensory platform to digitally measure taste and smell to create actionable insights and enhance production processes across industries, from agriculture to pharmaceuticals to food and beverage to consumer packaged goods.
“We know the level of investment that entrepreneurs at various stages in their trajectory need to be successful and we couple that investment with a custom company-building program to provide the coaching and connections to allow their technologies to take off,” said Kirk Haney, Managing Partner of Radicle Growth. “This is why the Radicle Challenge concept has had such a tremendous impact. We are humbled that agtech powerhouses, such as Corteva, continue to partner with us to help make these Challenges a success.”
For more information on The Radicle Challenge by Corteva, visit http://radicle.vc/the-radicle-challenge.
About Radicle Growth:
Radicle Growth is a San Diego-based acceleration fund that selects innovative agtech and food tech startups for investment, ensuring that powerful, disruptive technologies reach their full potential. In addition to providing seed-stage capital, they provide a fertile environment for visionaries in the ag space to flourish. Their proprietary platform is one of a kind in the agriculture industry, filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives. To connect and learn more about Radicle Growth follow us on LinkedIn, Facebook, Instagram, and Twitter.
Corteva Agriscience is a publicly traded, global pure-play agriculture company that provides farmers around the world with the most complete portfolio in the industry - including a balanced and diverse mix of seed, crop protection and digital solutions focused on maximizing productivity to enhance yield and profitability. With some of the most recognized brands in agriculture and an industry-leading product and technology pipeline well positioned to drive growth, the company is committed to working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. Corteva Agriscience became an independent public company on June 1, 2019 and was previously the Agriculture Division of DowDuPont. More information can be found at www.corteva.com.
About World Agri-Tech:
Held annually in San Francisco, London and São Paulo, the World Agri-Tech Innovation Summit has established itself as the most influential meeting place for international stakeholders dedicated to advancing sustainable agriculture in both developed and developing markets. Focused on identifying the best models for successful technology commercialization, the summits bring together experts from around the world to share best practices and case studies and to identify the most exciting opportunities for innovation and investment.
Now in its 7th year, the San Francisco summit will welcome 1500+ global agri-food corporates, innovators and investors who will uncover the most exciting innovations in the agri-food sector, forging the right partnerships to take those solutions from the laboratory to the field. www.worldagritechusa.com
Danielle Dougan for Radicle Growth
+44 (0)1273 789989