(REGINA, SK, June 17, 2021) – Economic Development Regina (EDR), Cultivator powered by Conexus (Cultivator) and soon-to-be-launched venture capital fund, Emmertech, are excited to announce we’re teaming up to launch an Ag-tech Accelerator. Through this partnership, we’re solidifying Saskatchewan as a global hub for ag-tech investment, commercialization, and job creation by providing world-leading ag-tech and food-tech companies with the mentorship, resources, programming and funding needed to help them take their startup to the next level.
The Ag-tech Accelerator will be open to ag-tech and food-tech companies from across Canada that focus on(but not limited to):
What makes the Ag-tech Accelerator unique is that it is venture capital-backed. Companies selected to participate will receive an equity investment at intake via Emmertech – a first for an accelerator in Saskatchewan and Canada.
Coming on board as a funding partner for the Ag-tech Accelerator is Innovation Saskatchewan, with a $300,000 commitment over the next three years. Through this funding, we can accelerate game-changing innovation, further positioning Saskatchewan as a global leader for ag-tech and food-tech.
One cohort per year will be selected each year through an application process, with programming taking place during the winter months to coincide with farming off-season. At the end of the programming, companies will pitch their ideas to a panel of judges at an event called “Demo Day” for a chance to win prizes. Cohort recruitment will take place each fall.
As with many other industries, technology is driving global agriculture forward. Our future relies on collaboration, innovation, and the ability to leverage our strengths and become leaders who drive a sustainable future here at home, across the country, and around the world. Who better to lead the growth of ag-tech in Canada and beyond than Saskatchewan – home to:
Saskatchewan has always been a leader in agriculture, and the Ag-tech Accelerator allows us to continue leading into the future. To learn more, visit Cultivator.ca/agtech-accelerator.
“A high-performance accelerator needs to provide impactful programming, access to capital, and key industry connections. Through the partnership of Emmertech (capital), EDR (industry), and Cultivator (programming), and the support of Innovation Saskatchewan, we've got the perfect recipe for cultivating Canada's ag-tech sector.” - Jordan McFarlen, Cultivator Manager, Conexus Credit Union
“Attracting agriculture business, expertise, capital and supports is a key focus for our region. We're excited to partner with Cultivator and Emmertech to launch the Ag-tech Accelerator as part of our growing ecosystem - helping create new opportunities and innovations that will contribute to our vision to be a leader in agricultural innovation.” - Ly Pham, Director, Entrepreneurship & Strategic Initiatives, Economic Development Regina
“Fundamentally, we need a new approach to supporting ag-tech if we’re looking to become a global leader in this space. We have the top startup founders in the world, working in ecosystems with direct overlap alongside some of the most innovative farmers globally. Having an accelerator that can help support these founders, link them into industry, and help guide them through a playbook of building a startup that’s fundamentally different from the general tech space is critical. Our whole team here at Conexus Venture Capital Inc. is thrilled to be a part of this journey through our new ag-tech focused fund, Emmertech.” - Sean O’Connor, Head Managing Director, Conexus Venture Capital Inc. + Emmertech, Conexus Credit Union
"By focusing resources into areas of our province’s natural economic strengths, we feel strongly that we can establish Saskatchewan as a world class ag-tech hub. Funding the Ag-tech Accelerator will accelerate game changing ag innovation, further positioning Saskatchewan as a premiere destination for ag-tech entrepreneurs." - Honourable Jeremy Harrison, Minister Responsible for Innovation Saskatchewan
For media inquiries, please contact:
Laura McKnight | Cultivator, Emmertech + Conexus Credit Union | 306-751-8201
Chris Bonk | Economic Development Regina | 306-565-6388
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