Los Gatos, CA, April 20, 2017 -- SVG Partners announced today that Sun World Innovations has joined the THRIVE ecosystem as a corporate partner joining Verizon, JV Smith, Land O’Lakes, Driscoll’s Berries, Taylor Farms, Wells Fargo, Western Growers Association, the City of Salinas, Panasonic, Yamaha Motor Ventures, and PMA in a mission to advance agriculture technologies globally. The partnership signifies the company’s long-term commitment to nurturing emerging agriculture technology startups and advancing those technologies in the specialty crop sector.
Established late 2015, Sun World Innovations is thetechnology and licensing arm of Sun World International LLC, the U.S.-based producer and marketer of fresh fruit. As part of its overarching mission to supply more and consistent supplies of delicious fruit varieties, Sun World Innovations explores technologies in crop input, water, harvest and labor efficiencies, along with plant breeding. In order to accelerate solutions aimed at real challenges faced by the agriculture sector, Sun World Innovations will work together with SVG Partners’ THRIVE program to identify cutting edge technologies and harness its own extensive horticultural expertise and international licensee platform with growers and marketers globally.
"We believe that emerging agriculture technologies will become even more vital to permanent specialty crop agriculture. We're excited about our new affiliation with THRIVE and believe that it's dynamic platform is both timely and uniquely suited to helping us and others nurture and support relevant tech start-ups.", said David Marguleas, President, Sun World Innovations.
"We are delighted to welcome Sun World Innovations as the latest corporate partner to join our Thrive ecosystem. They join an elite group of world class partners as we continue to strengthen our Thrive platform and revolutionize the future of agriculture"
ABOUT SUN WORLD INNOVATIONS
Sun World Innovations is the agriculture technology and licensing arm of Sun World International LLC, a California-based agribusiness founded in 1976 that produces and markets seedless table grapes. It was created in December 2015 to shepherd and drive growth of its fruit breeding/variety development, licensing, international investments and agriculture technology pursuits. In addition to guiding Sun World’s own Intellectual Property and licensing activities, Sun World Innovations harnesses the broader agricultural, technology, and international interests of Renewable Resources Group (RRG), the Los Angeles-based firm that acquired Sun World in August 2013. The company is based in Coachella, California with operations in central California as well as offices in Europe, South America, Australia, South Africa and Israel.
ABOUT SVG PARTNERS
SVG Partners is an investment, technology and advisory firm that partners with organizations on strategy, innovation and global expansion. Since 2007, SVG’s experience team of senior technology leaders and venture capital investors have worked with global corporations and scaling companies to drive competitive advantage from strategy to implementation. Through its accelerator and open Innovation programs, engineering and development services, and executive strategy and advisory, SVG Partners helps build and scale innovative technology companies worldwide. SVG Partners is based in Silicon Valley, CA. www.svgpartners.com
ABOUT THRIVE AGTECH
THRIVE AgTech’s mission is to connect the expertise of tech companies to on-the-ground knowledge of agricultural companies, the financial backing of investors, and the entrepreneurs solving problems in the AgTech space. THRIVE unites these communities in order to drive the development and adoption of sustainable technology enhancements necessary for securing the global food demands of the future. The THRIVE program targets two stages of companies, the very early to commercially ready. Early stage companies accepted into the program go through a rigorous bootcamp and receive mentorship from industry leaders to help them scale their companies. THRIVE's Open Innovation program directly connects corporate partners with high growth startups to trial and deploy cutting edge technologies focused on agriculture.