July 7, 2019
Cargill and Ecolab incubate promising agtech startups
Recognising the critical role that innovation plays in creating a safer and more sustainable food system, Cargill and Ecolab are supporting a second class of startups through the Techstars Farm to Fork Accelerator.
"Solving the greatest food and sustainability challenges the world faces today requires partnership and fresh, innovative ideas. These are the two key ingredients of the Techstars Farm to Fork program," says Justin Kershaw, Cargill CIO. "Having the brightest minds in food and agtech in Cargill and Ecolab's backyards provides an amazing opportunity to infuse startup energy into our company, while also helping bring critical solutions to scale. It's truly a win-win."
"While we're here to mentor these startups, we're also learning from their approach to problem-solving and are excited to help bring their energy to the Twin Cities startup community," says Katie Peterson, Ecolab marketing vice president and Techstars program lead. "Their passion and innovation, combined with the global scale and reach of Ecolab and Cargill, can help solve the challenges of safely feeding the world's population."
The accelerator engages both early-stage entrepreneurs and late-stage startups that are focused on advancing key aspects of the food system, including food security and safety, agtech, consumer goods and supply chain management. Startups receive mentor support from Cargill and Ecolab executives and access to the companies' market expertise, global connections and investment capital.
"Together we are helping entrepreneurs build their business, secure capital, expand their reach and ultimately have a positive impact on the food industry and society," says Brett Brohl, Techstars Farm to Fork accelerator managing director. "We're excited to build on last year's success, leveraging the expertise of Cargill and Ecolab, Techstars' proven accelerator model, and the entrepreneurial energy of each of the startup companies' founders."
The 11 companies selected to participate in the 2019 Farm to Fork class include: Contain; Conversight; EcoPlant; Food for All; Imago AI; Magic AI; Otrafy; Phood; PurPics; Trackter; Transparent Kitchen.
More information on the Farm-to-Fork Accelerator can be found at https://www.techstars.com/farm-to-fork-program/.