The AgTech sector has been making major strides recently, and it’s for the better. According to Vijay Pande, a general partner at Andreessen Horowitz, food production is an enormous part of our economy, requiring 10% of the US’s power, 50% of our land, and 80% of our freshwater — and yet 40% of our food goes uneaten at the same time that many go hungry. To solve some century old problems, start-ups at the corner of tech and agriculture have been popping up, venture capital firms have started to seriously fund these initiatives, and AgTech acquisitions are on the up-and-up. Recognizing the instability and potential financial upside of the moment, VCs have responded by pouring money into the category (to the tune of a record $1.6 billion in 2015). Additionally, there were $31 billion in acquisitions by the “Big Six” AgTech companies between 2008 and 2015, with those key players reporting more than $22 billion available in cash for more acquisitions at the close of 2015.
Given the growth in this industry, it is no wonder that Hacker Unit’s next season during Q1 of 2017 will focus on AgTech. If you are a startup in this industry that has launched or is ready to launch and are between pre-seed and series A stages of funding, you can apply to be a part of this entirely remote accelerator program until mid-January 2017.
Hacker Unit was founded on the premise that amazing startups exist all over the world, with many that can’t afford to move to Silicon Valley, or have no desire to. As an online accelerator, Hacker Unit aims to support startups by connecting them with knowledgeable mentors, founders of startups who’ve been in the game for some time and have a number of triumphs and failures under their belts.
Hacker Unit is proud to bring some incredible mentors to this season again to share their entrepreneurial experience and insights with the startups during AMA sessions. Those admitted to the program have the opportunity to interact with Jorge Heraud, CEO of Blue River Technology, Kevin France, CEO of SWIIM System, John Corbett, CEO of aWhere, and Theodore Fowler, CEO of JDC Phosphate to name a few.
If your AgTech startup can benefit from an accelerator program focused on improving your business materials, connecting you with investors, experimenting with corporations, and learning from successful founders, go ahead and APPLY NOW.