University of Alberta partners with venture capital firm to advance agricultural innovation in Alberta

0

The University of Alberta is partnering with a leading Silicon Valley company to support the growth of innovation in Alberta’s agriculture and food sectors.

Agreement with SVG Ventures|THRIVE, a venture capital firm that invests in agtech startups and supports companies with open innovation, enables U of A to accelerate its development and adoption of solutions focused on technology that support the agri-food sectors in Alberta and beyond.

“This partnership leverages the ingenuity and talent of University of Alberta researchers to strengthen Alberta’s innovation ecosystem,” said Aminah Robinson Fayek, Vice President (Research and Innovation).

“Our researchers pursue new ideas and technologies to help make the agriculture and food sectors more sustainable and profitable. Working with THRIVE will accelerate these innovations from the U of A, connect emerging businesses with funding and support, and bring new businesses to market.

The U of A and THRIVE will work together to support the U of A start-up and applied research community while building the competitiveness of Alberta’s agriculture and food industries through the effective adoption of technology.

“The partnership supports our researchers as they generate new technologies that will increase revenues and reduce costs in the agriculture and food sectors,” said Stan Blade, Dean of the Faculty of Science of the agriculture, life and environment (ALES).

THRIVE’s demonstrated expertise in working globally with partners to advance agtech innovation gives researchers and their innovative work an effective pathway to further development and commercialization, he notes.

“ALES has a history of turning our research portfolio into business opportunities like Forge Hydrocarbons, and THRIVE gives us a way to do that more intentionally. This will really open up new opportunities for us. »

The partnership will help U of A researchers, entrepreneurs, and start-ups bring their promising innovations to market, through THRIVE’s Studio and Academy programs designed to test and validate ideas while developing commercialization strategies. THRIVE’s Accelerator Program then offers potential funding and other resources to help build market strategy and connect globally with customers and investors.

/Release from the University of Alberta. This material from the original organization/authors may be ad hoc in nature, edited for clarity, style and length. The views and opinions expressed are those of the author or authors. See in full here.
Share.

About Author

Comments are closed.