The top 10 digital health accelerators
How much they invest, how long the program lasts and what they offer
Read more...For startups, there are numerous paths for getting their name out there. One way, which Vator has been covering recently, are startup competitions, but another popular method to get a foot in the door, as well as some funding and traction, are accelerators. These are programs that provide companies advice, guidance and various forms of support for startups in their early stages. They also often invest in the companies, for a certain equity stake.
Need a list of startup competitions, challenges, accelerators, etc. from around the world? Check out VatorX. You can find them, or list yours!
There are some very well-known accelerators out there, including Y Combinator and 500 Startups, which have made their names through various successful alumni. Those programs fairly general, accepting companies from a variety of different spaces.
For some companies, it may help to join an accelerator that only focuses on their specific area. That's especially true for those in more specialized spaces, which will have their own unique challenges and regulations.
Here are some of the accelerators that are focused specifically on mentoring companies in the agtech space:
"AgLaunch attracts, creates, and grows agtech startups, facilitates the development of new agriculture and food value-chains, and builds collaborative farmer networks, with a commitment to intentional inclusion."
Investment amount: Not specified
Program benefits:
Mentor makeup: Matt Bell, Dan Hatzenbuehler, Tony Simpson, Hillary Spain
Portfolio companies: AgriSync, AgVoice, Cattlog, Cowlar, Kilimo, Rantizo
"The Pearse Lyons Accelerator is a three-month innovation programme for the top 10 leading agri-tech startups from across the world. The accelerator offers workspace, mentoring and the possibility of investment. The programme combines Alltech’s leadership and expertise in agricultural and nutritional science with the tech ecosystem and startup network of Dogpatch Labs."
Investment amount: €15,000+ non-equity and €300,000+ in perks and pitch investment funding
Program benefits: The 10 successful applicants will work with Alltech and Dogpatch Labs to accelerate their business development through Alltech and its global network. Successful applicants will enjoy many benefits during the programme, including:
Mentor makeup: Mark Lyons, Anne Kehoe, Dr. Marc Larousse, Patrick Charlton, Robert Walker
Portfolio companies: eggXYt, Vence, AgriWebb, MagGrow
"The Farm, sponsored by Comcast NBCUniversal, puts startups in the heart of Atlanta’s thriving entrepreneurial ecosystem. The Farm accelerator runs for 12 weeks twice per year and gives participants access to customized curriculum, unparalleled resources, and industry mentors."
Investment amount: $20k investment for 6% equity, but solely common stock (rather than preferred). Your company valuation is not affected since this is not considered a financing round.
Program benefits: Perks are currently valued above $1.7 million in value. They include hundreds of thousands in hosting from Google, Amazon, SoftLayer, etc. Also included are discounts on most software products that any startup needs (MailChimp, SendGrid, outsourcing, marketing, design, etc). Additionally, we are constantly negotiating new perks, and work closely with our companies to develop perk benefits to suit their immediate needs.
Mentor makeup: Joel Bahensky, Brent Daily, Adam Harrell, Alan Laidlaw, Amari Ruff
Portfolio companies: Not specified
"We are the world's first accelerator program focused on the aquaculture industry seeking to find, develop and scale talented and disruptive aquaculture startups."
Investment amount: Hatch invests €25k in cash into each company and may provide additional funding of up to €25k during the program where required. Hatch receives 8 percent equity.
Program benefits:
Portfolio companies: Not specified
"Sprout is a six month business accelerator designed for the next generation of agritech & agrifood companies from around the world."
Investment amount:
Program benefits:
Portfolio companies: ABNZ, Farmote, Hectre, Micropod
Investment amount: We invest a total of $100K in all of the startups accepted to the accelerator ($50K cash, $50K in program value), with the opportunity for follow-on investment.
Program benefits:
Portfolio companies: Arable, Agrosmart, AgShift, Deeplook, EZ-Lab, FarmDog, MicroGen Biotech, Tortuga Agricultural Technologies, UAV-IQ, 3Bar Biologics
"At The Yield Lab, we've made it our mission to enable entrepreneurs to sustainably revolutionize agrifood systems. We do this by investing in and accelerating high-impact early-stage companies all around the world."
Investment amount: $100,000 in equity investment
Program benefits: The Yield Lab North America programming will meet 6 times a year over the course of the 2018 calendar year, starting in late February. Programming sessions run for two or three days and take place in St. Louis, Missouri. During this time, companies will be guided through a uniquely developed accelerator program designed to leverage the agriculture assets of the American Midwest. Yield Lab programming places an emphasis on providing access to customers, collaborators, and capital. Each company will be assigned a dedicated Yield Lab Managing Director to guide them through the course of programming and beyond.
Portfolio companies: APSE, Nanoguard Technologies, Aptimmune Biologics, GlucanBio, Lean Media
"Techstars Farm to Fork Accelerator is our first program focused on the tech/digital side of food and agriculture. Partnered with Cargill and Ecolab, the program is looking for the best entrepreneurs across the entire food value chain, from AgTech, manufacturing and supply chains, to food safety, waste reduction and traceability. The program is based in Minneapolis-St. Paul, Minnesota."
Investment amount: An offer of €120,000 worth of investment
Program benefits:
Mentor makeup: Anton Vincent, Debra Bauler, Doug Baker, Erica Gruen
Portfolio companies: Big Wheelbarrow, dishq, EIO Diagnostics, HeavyConnect, Induction Food System, pepr, Renewal Mill, TradeLanes, Traive
Investment amount: No cost/Zero Equity-Requirements for Startups
Program benefits:
Mentor makeup: Abi Ramanan, Christine Couvelier, Francisco Correa, Jordan Moncharmont
Portfolio companies: Aromyz, Brio, Clear Labs, mOasis
"Food-X partners with early stage companies from across the food supply chain, from agriculture through consumer packaged goods, and helps these companies grow fast"
Investment amount: Up to $65K in cash
Program benefits:
Mentor makeup: Adam Eskin, Bill Lessard, Dan Barber, Danielle Gould
Portfolio companies: Servy, Cambridge Crops, FoodieTrip, Coffee, Green Blender, LiveKuna
"The Iowa AgriTech Accelerator is a mentor-led program that allows startups to collaborate with agriculture industry leaders and present their solutions to refine product market fit, perform customer discovery within the industry, and build strategic partnerships."
Investment amount: $40,000 seed funding for a 6% equity position in the startup
Program benefits:
Mentor makeup: Barry Adams, Gaurav Bhalla, Christine Bobst, Scott Cogdill, Angela Ellis
Portfolio companies: Birdpreneur, VakSea, Hintech AG, Phenomics Labs
(Image source: arc2020.eu)
How much they invest, how long the program lasts and what they offer
Read more...They include MedTech Innovator, The TMCx Accelerator, Insight Accelerator Labs and KOA Accel
Read more...They include Zurich Innovation Championship, VentureClash and FFiT InsurTech Competition
Read more...