Globally, food and agriculture is a $7.8 trillion industry, global investments in the food and agriculture sector have grown three-fold since 2004 and, according to a 2013 McKinsey report, on average have demonstrated higher returns to shareholders than other sectors. In the US, agriculture, food and related industries generated 5.5% of the country’s GDP at $992 billion, $137 billion of that coming directly from US farms.
Despite this activity, there are several unmet challenges facing stakeholders across the supply chain in food & agriculture. In the current market, producers are increasingly pushed to produce more with less, data is being captured by disparate players in different parts of the value chain, and consumers are becoming increasingly focused on the lifecycle of their food.
Village Capital and our partners recognize that these challenges are highly interconnected and that real solutions will require collaboration and systems-level thinking. With this in mind, our US Agriculture 2018 program will support ventures from across the value chain who are helping stakeholders provide sustainable, healthy and accessible agricultural goods to drive a better food and agriculture system.
In partnership with The Campbell Soup Company, Village Capital will continue the longest-running program for ventures tackling challenges in the food and agriculture sector. The program will support entrepreneurs with an award-winning program curriculum, 1:1 mentorship with sector leaders, and tailored engagements with strategic partners and investors. At the end of the program, the top two peer-selected companies will each receive $75,000 in pre-committed investment.
Building a better food & agriculture system requires innovation at every level of our supply chain. This includes, but is not limited to, innovations around:
- Precision agriculture and technologies and services that encourage more sustainable growing practices
- Driving better market access and appropriate technology for local food systems and/or sustainable agriculture
- Efficiencies in supply chain management, traceability and food safety
- Increasing access to and availability of healthy, sustainable food
- Workshop 1- Chicago, IL: April 24-27
- Workshop 2- Location TBD: June 5– 8
- Workshop 3- Location TBD: July 17-20
Applications will close at 5pm EST on Friday, February 2nd.
Email: [email protected]