The Arrowhead Technology Incubator is launching AgSprint, a five-month venture builder program designed to support innovation in agriculture, early this spring. AgSprint acts as a facilitator, connecting agricultural entrepreneurs to financing, demonstration and validation partners, academic faculty, corporate partners and more.
“The ideal candidate would be someone who is very driven, seeking capital, industry connections and/or development partners, and is who is very passionate about contributing to efficiency and productivity in agriculture,” said Zetdi Sloan, director of Arrowhead Technology Incubator. “Ag tech applicants run the gamut from basic business operations – reducing paperwork, improving productivity and enabling e-commerce – to specialties such as drone and robotic technology for overseeing fields, moisture levels, pesticide and fertilizer usage and equipment, as well as for developing new seed varieties and predicting crop yields and commodity prices.”
Sloan said that the initial three weeks of the program will follow the ICORPS model that tests the feasibility of the venture. Graduates will receive $2,000 and the necessary National Science Foundation lineage to apply for the $50,000 national ICORPS program. Additionally, applicants will be able to receive up to three micro-grants, valued at $650, to cover the expenses of professional services such as technical writing, website development, counsel on patents and technology licensing, and regulatory consulting. Those who show promise will also be invited to continue the program for the next four months. Participants are able to access the program remotely.
AgSprint is of particular importance to NMSU as the university board of regents oversees both the New Mexico Department of Agriculture and the College of Agricultural, Consumer and Environmental Sciences.
Rolando Flores, dean of ACES, is supportive of AgSprint. “One of the college’s priorities is in the area of value added,” Flores said. “AgSprint is a great avenue for our faculty to contribute their knowledge and expertise to advance agribusiness initiatives that can positively impact the economy of our state.”
AgSprint-supported ventures will receive customized support tailored to each entrepreneur’s unique path to business development and financial success. Along with the Arrowhead Investment Fund, AgSprint can tap into private, state and federal funding, curate a list of opportunities and assist with proposal/pitch development to make time-to-market more efficient.
Founded by civic leaders, AgSprint’s mission is equal parts public and private and designed to bridge the gap between what people need and what governments can provide. AgSprint will focus on developing ideas in areas such as animal health and nutrition; bioenergy; drones and robotics; food technology, safety and traceability; and soil and crop technology, among other themes.
By bringing together researchers, regulatory consultants, public/private funders, ag business experts and technical resources, AgSprint offers a wealth of knowledge under one roof.
Funding for AgSprint is provided by the U.S. Economic Development Administration University Center program and New Mexico Gas Co.
The deadline to apply is March 10. The program will begin in early April. For more information, visit http://arrowheadcenter.nmsu.edu/agsprint.
Release courtesy of the NMSU Arrowhead Center, February 2, 2017