A historic agriculture community, the City of Salinas is using its biggest asset to drive new opportunities for its residents, and startups around the world
PALO ALTO, Calif., JULY 26, 2017 -- SVG Partners announced today that the worldwide leader in food processing technology, Turatti North America, has joined the THRIVE Venture & Innovation Platform ecosystem to bring innovative food processing and automation technologies to market. With a state-of-the-art facility in Salinas, California, Turatti North America will work closely with Silicon Valley based- SVG Partners to identify, invest in and deliver innovative products and processes to its food processing customers and the industry as a whole.
As YCombinator co-founder Jessica Livingston has said, “it is really difficult for anyone to predict which startup will wind up becoming a billion-dollar company.” However, while there are certainly not foolproof methods for identifying the next unicorn, we have found that there are important factors that shape startup success, namely:
- Is the company's mission clear and sustainable?
- Are the founders relentlessly determined
- And, is the company building something an industry desperately needs or that people love?
For three of THRIVE's startups from previous cohorts, MagGrow, Nuritas, and Trace Genomics, the responses to these questions are very likely "yes".
Established late 2015, Sun World Innovations is the technology and licensing arm of Sun World International LLC, the US 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. To accelerate solutions aimed at real challenges faced by the agriculture sector, Sun World Innovations joined SVG Partners’ THRIVE program in Q1 of this year to identify cutting edge technologies and harness its own extensive horticultural expertise and international licensee platform with growers and marketers globally.
Salinas, Calif., June 29, 2017-- Startup companies Agrosmart, Microgen Biotechnology, and Tortuga AgTech were announced last night as the winners of THRIVE’s Operational Excellence, Sustainability, and Innovation awards during the third annual Forbes AgTech Summit. Brazil-based decision support company Agrosmart received THRIVE’s award for Operational Excellence, Ireland-based microbiome platform technology received THRIVE’s award for Sustainability, and Colorado-based automation company Tortuga AgTech received THRIVE’s award for Innovation.
SVG Partners announced today that ORRICK HERRINGTON & SUTCLIFFE LLP will partner with the THRIVE AgTech Venture & Innovation Platform to offer law services to seed and growth stage agriculture and food technology companies. Headquartered in San Francisco, Orrick is an internationally recognized law firm focused on serving companies in the technology, energy & infrastructure and financial sectors globally.
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.
PMA’s corporate partnership signifies the association’s continued commitment to addressing challenges along the produce and floral supply chains in service of its members. “Fresh produce and floral businesses face many labor challenges – scarcity, competition, rising costs and skills gaps, to name just a few” said Dr. Bob Whitaker. “Our members can better compete by leveraging emerging agriculture focused technologies that enable them to work smarter.”