Key Takeaways:
- Arieli Capital, in partnership with Utah Tech University, Haifa Group, and Exit Ventures, and sponsored by The World Trade Center Utah, announces the second cohort of its venture scale-up program, START AgriTech, in St. George, Utah.
- The program, focusing on climate and agri-tech innovations, supports startups in commercializing solutions, scaling their businesses, and connecting with international investors.
- Following the first cohort’s success, which collectively raised $9.5M, the second batch includes 11 startups with over $44M in collective funding and $4.7M in revenue.
- The selected startups offer solutions in areas like solar tracking, robotic pollination, water conservation, non-toxic weed control, and sustainable saffron cultivation.
- The program emphasizes Arieli Capital’s commitment to desert and agricultural technologies, leveraging its deep ties to Utah and Israel’s innovation landscapes.
Cultivating Sustainable Innovations in AgriTech
Arieli Capital’s START AgriTech program returns for its much-anticipated second cohort, underlining the firm’s dedication to fostering climate-focused ventures. Set to take place from April 14-18 in St. George, Utah, the program aligns with Arieli’s mission to accelerate the development of technologies addressing global environmental challenges.
A Diverse Cohort Driving AgriTech Forward
This year’s cohort showcases a wide range of innovative solutions, from Agri-Light Energy Systems’ solar tracking for dual land usage to Vexxel Biotech‘s sustainable production methods. The selected startups, already demonstrating significant market traction and innovation potential, will receive support in scaling their solutions globally, reflecting START AgriTech’s role as a catalyst in the climate-tech and agri-tech sectors.
Building on a Foundation of Success
The announcement follows the inaugural cohort’s achievements, highlighting the program’s capacity to significantly impact the participating startups’ growth trajectories. Success stories from the first batch, such as Nanomnia’s multinational pilot and We-Agri’s project validation, underscore the program’s effectiveness in propelling ventures to new heights.
Strengthening Global and Local Ties
The collaboration with Utah Tech University, Haifa Group, Exit Ventures, and the sponsorship by The World Trade Center Utah, alongside Arieli Capital’s existing investments and innovation center Frontier, exemplifies a concerted effort to nurture the agri-tech ecosystem. The program’s location in Utah, chosen for its vibrant entrepreneurial landscape and shared values with Arieli, provides an ideal backdrop for fostering innovation and sustainability in agriculture.
Invitation to the Agri-Tech Community
Or Haviv, Arieli Capital’s partner and head of innovation, expresses enthusiasm for the program’s return and its potential to create value. The final expo and pitch event, open to the agri-tech and climate-tech community, offers an opportunity to witness firsthand the groundbreaking solutions emerging from START AgriTech’s second cohort.
Image provided by Arieli Capital
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