Lifestyle News

10 semi-finalist teams advance in Ag Innovation Challenge

Published:

The American Farm Bureau Federation, in partnership with Farm Credit, continues to advance ag innovation by supporting start-up businesses from across the country. This week, the 10 semi-finalist teams were announced in the 2022 Farm Bureau Ag Innovation Challenge.

The competition provides an opportunity for individuals to showcase ideas and business innovations in agriculture. This is the eighth year of the Challenge, which was the first national business competition focused exclusively on rural entrepreneurs launching food and agriculture businesses.

“We’re pleased to recognize this exceptional group of entrepreneurs for their commitment to finding solutions to challenges facing farmers, ranchers and rural communities,” said AFBF President Zippy Duvall. “Start-up companies like these are helping to shape the future of agriculture.”

The 10 semi-finalist teams are being awarded $10,00 each. They are:

The 10 semi-finalist teams will compete at the AFBF Convention in Atlanta, Georgia, on Friday, January 7, to advance to the final round where the four finalist teams will receive an additional $5,000 for a total of $15,000 each. The final four teams will compete live in front of Farm Bureau members, investors and industry representatives on Sunday, January 9, to win three top titles and prizes:

  • Farm Bureau Ag Innovation Challenge Winner, for a total of $50,000
  • Farm Bureau Ag Innovation Challenge Runner-up, for a total of $20,000
  • People’s Choice Team selected by public vote, for an additional $5,000 (all 10 semi-finalist teams compete for this honor)

The top 10 semi-finalist teams will participate in pitch training and mentorship from Cornell University’s SC Johnson College of Business faculty prior to competing at AFBF’s Convention. In addition, the top 10 semi-finalist teams will have the opportunity to network with industry leaders and venture capital representatives from the Agriculture Department’s Rural Business Investment Companies.

Sponsored Content on AGDaily
Any views or opinions expressed in this article are those of the author and do not reflect those of AGDAILY. Comments on this article reflect the sole opinions of their writers.