Wexus Technologies Wins Village Capital Accelerator for Food & Ag
Summary
Two startups, Vega Coffee and Wexus Technologies, have been peer-selected to each receive a $100,000 investment from Village Capital’s Food and Agriculture: US 2018 program, which was run in partnership with Campbell Soup Company, QBE and UBS. “Big data has opened up a new world of ideas around the way we grow and transport food, and entrepreneurs are rethinking the science and business of sustainable farming, transforming a food and agriculture sector that just a decade ago, was stuck in the mud when it comes to innovation,” said Village Capital Managing Director Allie Burns. “The twelve startups that participated in this year’s cohort have significant potential for growth and impact.” “We’re thrilled to be supporting these twelve startups that are spearheading innovation in the food and agriculture industry,” said Daniel Sonke, Director of Sustainable Agriculture, Campbell Soup Company. At Campbell, we’re focused on supplementing traditional agricultural wisdom with fresh thinking, new business models, and an ecosystem of innovative partners.” “At QBE we have enjoyed applying our expertise in crop, agricultural technology and innovation to advise start-up entrepreneurs creating solutions in food security and addressing the challenges faced by small farmers,” said Josie Barnett, QBE’s Foundation Manager. “The QBE Foundation, Crop and Ventures teams have been excited to partner with Village Capital to assist in implementing market-based solutions to de-risk our global food system.” Village Capital will be releasing a report in Fall 2018 on the programs latest findings.
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