SVG THRIVE Launches New Venture Academy and Studio

PRESS RELEASE

Alberta Innovates, PrairesCan and SVG Ventures|THRIVE
Launch a $3 million technology pre-accelerator

OLDS, ALBERTAAugust 10, 2022SVG Ventures|THRIVE (THRIVE), in partnership with Alberta Innovates and PrairiesCan, announces the launch of THRIVE Academy and THRIVE Venture Studio, which support entrepreneurs, researchers, innovators, start-ups and spin-off companies in the agri-food technologies.

THRIVE Academy offers hands-on training and access to test sites such as Olds College Smart Farm and other applied research opportunities to validate ideas at an early stage. The program starts in September with the first cohort of 15 participants. The program will rotate between sites in Alberta over the three-year funding period.

Alongside THRIVE Academy, SVG Ventures is set to launch THRIVE Venture Studio. This unique business builder model will focus on creating new businesses in response to some of the most pressing issues in the agrifood value chain. SVG Ventures|THRIVE will leverage its strong relationships with farmers and industry to identify these opportunities, find founding teams and make seed investments in these agri-tech ventures. THRIVE is currently accepting applications for this program.

Enabling THRIVE to establish THRIVE Academy and THRIVE Venture Studio is a $3 million investment from Alberta Innovates. Additional federal funding of $700,000 has been provided to Olds College through PrairiesCan to support THRIVE Academy in Western Canada. The continuum of services offered by SVG Ventures provides end-to-end commercialization support to Alberta agribusinesses.

THRIVE Academy and THRIVE Venture Studio are a collaboration between Alberta Innovates, Alberta Jobs, Economy and Innovation, Prairie Economic Development Canada (PrairiesCan), Olds College and SVG Ventures|THRIVE . This partnership is part of Scaleup GAP managed by Alberta Innovates.

QUOTATION

“Agri-food technologies have enormous potential to increase the competitiveness of Alberta’s agricultural sector while creating high-quality jobs. Our government’s support for Thrive Academy at Olds College will help Alberta start-ups attract investment, develop ideas and establish themselves as leaders in this dynamic sector of our economy that is so important for rural areas.

The Honorable Daniel Vandal, Minister of the PrairiesCan

“Entrepreneurs and startups drive innovation and contribute to Alberta’s vibrancy and economic well-being. Our government believes in working with industry and academia to help start-ups access the tools and training they need to grow and grow.

George Chahal, MP, Calgary Skyview

“Entrepreneurs, innovators and start-ups need advice, training and coaching to grow and thrive. Alberta Innovates is pleased to partner with SVG Ventures|THRIVE as they launch their programs for small and medium-sized businesses in our province. The investment we make today, through companies like THRIVE, will pay dividends in the future. As Alberta businesses contribute to the entire Canadian food system, our success will be measured by the success of participating businesses; and, when they succeed, it’s not just good for Alberta, but for all of Canada.

Laura Kilcrease, CEO, Alberta Innovates

“Our goal with THRIVE Studio is to leverage intellectual property, research, technology and entrepreneurial thinking to solve some of the most pressing problems we face in the agriculture industry, while building successful businesses. in the process. By adding the THRIVE Studio and Academy to our suite of programs, we can comprehensively support entrepreneurs throughout the start-up lifecycle.”

John Cassidy, Managing Director Canada, SVG Ventures|THRIVE

CONTEXT

About SVG Ventures | BLOSSOM

SVG Companies | THRIVE is the leading global agribusiness investment and innovation platform, headquartered in Silicon Valley. It is made up of the largest agricultural, food and technology companies, universities and investors. With a community of over 6,000 startups from 100 countries, the THRIVE platform invests, accelerates and creates unparalleled access for entrepreneurs globally to solve the biggest challenges facing the food and agriculture industries. SVG’s global partners include media partner Forbes and leading government, agriculture and technology companies such as Corteva, Driscoll’s, FCC, Kubota, Land O’Lakes, Trimble, Taylor Farms, Bayer, ICL, Nutrien, Intel, Valmont , UFA, Yamaha Motor Ventures, BASF, Koch, Shell and Wilbur-Ellis. Learn more at www.thriveagrifood.com.

Alberta innovates invests in research, innovation and entrepreneurship to stimulate the province’s economic growth and diversity. We activate the power of innovation through our work with researchers, industry and entrepreneurs to move Alberta towards a low-carbon future, promote responsible land and water use and contribute to improving the health and well-being of Albertans. Alberta Innovates provides technical expertise, entrepreneurial advice and support, partnership opportunities and funding to advance the best ideas. We support a wide range of research and innovation activities, from discovery to use. Collaboration is at the heart of what we do, bringing together brilliant minds and big ideas.

Find out how Alberta Innovates at albertainnovates.ca

PrairiesCan is the federal department that supports economic growth in Alberta, Saskatchewan and Manitoba. Its programs and services help businesses, non-profits and communities grow stronger. Its mandate is to support economic growth and diversification in the Prairie provinces and to advance the interests of the region in national economic policies, programs and projects. Learn more at grasslandscan.gc.ca

MEDIA INQUIRIES

Alycia Smith
Marketing & Events Manager
SVG Companies | BLOSSOM
[email protected]

Comments are closed.