sustainable agriculture investment
Private Equity Co. Connects Investors with Organic Farmland; Creates Land Access Program for Young FarmersSeptember 27, 2012 | Melinda Clark
In every deliberation one must consider the impact on the seventh generation – Great Law of the Iroquois.
In addition to getting its name from North America’s native ancestors, Iroquois Valley Farms also adopted this ancient wisdom as its impact statement. Says Iroquois Valley Farms cofounder Dave Miller, “that’s exactly what we want to have – a long-term generational impact.”
There is only ONE DAY LEFT to lock in your ticket at the Rooster Special Ticket Price for the Seedstock Sustainable Agriculture Innovation Conference (details below) at UCLA. The conference has recently added a number of new sponsors including Whole Foods Market, Palumbo Family Vineyards and Wine, the UCLA Anderson School of Management’s Entrepreneur Association and Net Impact Branch.
News Release – UC Davis is one of six recipients nationwide, and the only one in California, to receive a $1 million award in the U.S. Department of Commerce’s Economic Development Administration’s 2012 i6 Challenge Grant competition. The university will use the grant to establish the Clean AgTech Innovation Center.
Reps. Doris Matsui and Mike Thompson, whose districts take in parts of UC Davis, announced the grant on Sept. 13.
As entrepreneurs, one of our early challenges is finding funding faster than we’re burning through our savings; it’s a choke point that’s so common that it’s referred to as “the Valley of Death”. This realization often comes at the worst possible time – when you’re equally busy trying to figure out packaging, and which regulations you need to meet, and then you realize that you’re going to need more cash to make it all happen. “I need to find the path that leads to funding fastest,” concluded one sustainable agriculture entrepreneur.
Two obvious paths to funding for young startups are through Department of Agriculture (USDA) grants, especially the Small Business Innovation Research (SBIR) program, and via Kickstarter, the crowdfunded donation site.
Over its three year life span, Kickstarter, a crowdfunded donation site, has become quite the boon for sustainable agriculture entrepreneurs, raising $9.1 million in funding for 846 food projects. Indeed, many of the startups profiled here at Seedstock, such as Freight Farms, Cloud 9 Rooftop Farm, and Bitponics are Kickstarter graduates.
Until recently, there wasn’t a great deal of data to tell us what works when putting together a Kickstarter campaign. The company has been criticized for not publishing the success rates of projects, and a number of blogs made valiant efforts to calculate these in the absence of official numbers. In June, Kickstarter began tracking statistics, and this, along with the increasing maturity of the site, has led to a plethora of advice to would-be fundraisers.