We are excited to share our latest challenge
the Radicle Global Pre-Seed Challenge
now accepting applications through October 19, 2018!
The GPS Challenge is a competition to identify and invest in the most promising pre-seed agtech and foodtech companies in the world. Startups who have attended or are in attendance of an incubator or accelerator are encouraged to apply. The GPS Challenge will pay out up to $450k in investment to up to three companies.
From the applicant pool, our panel of judges will select 10 finalists that will then be announced and a public vote will be opened. From the vote, up to three companies will be selected as winners and each will be given up to $150k in funding* (amount to match current paid-in capital).
*All potential investments are subject to final terms and conditions and normal and customary due diligence.
Challenge opens: September 18, 2018
Application deadline: October 19, 2018
Shortlist of finalists announced: December 11, 2018
Voting opens: December 11, 2018
Voting ends: December 20, 2018
Winner(s) announced: January 15, 2019
To enter, fill out the form below. It should take about 10 minutes to complete. Good luck!
*Please note that all fields marked with an asterisk (*) are required.
Meet the Judges:
Managing Partner, Radicle Growth
Co-Founder & Partner, Finistere Ventures
Global Leader, Corporate Development, Ventures & Licensing, Corteva Agriscience
R&D Licensing & New Ventures Manager, NA, Bayer CropScience
Managing Director, OurCrowd
The GPS Challenge isn’t just about capital, it has the opportunity to fundamentally shift the trajectory of a company in their infancy. Winning companies will be given access to a network that a company at that stage wouldn’t typically have access to. We are looking to put capital to work in great companies that will play a role in shaping the future of food and capitalize them to success, without the requirement of taking part in a program. We look forward to accelerating the innovation of the best ideas in agricultural function.”
Managing Partner, Radicle Growth
More about the challenge from one of our judges, Arama Kukutai, Finistere Ventures…
Previous Challenges & Winners:
Challenge from April to June 2018
Western Growers and Radicle Growth partnered to create The Radicle Automation Challenge, a competition where agtech automation entrepreneurs competed for a minimum of $250,000 in investment capital and exclusive access to farm acreage to pilot their technologies. Four finalists were selected to showcase their technologies in front of a group of investors, corporate partners and agribusiness experts on June 26, 2018, at the Forbes AgTech Summit.
The winner of this challenge was GroGuru, who invented a wireless soil sensor that enables a 100 percent wireless precision soil monitoring systems that monitors, collects and analyzes data in real-time, and provide recommendations to farmers about when and how much to water their crops resulting in optimal soil and water management. The GroGuru system works across all soil and crop types.
Speaking on what winning the Challenge meant to them, Patrick Henry, CEO, GroGuru said, “The funding from the Radicle Automation Challenge will enable us to complete the next phase of product development, expand our sales team and increase our manufacturing capacity. Having Radicle in our corner has provided us access to new partners and customers that will accelerate our the deployment of our systems and capture a greater share of this rapidly growing $3 billion market opportunity. Winning this Challenge was a huge boost for GroGuru and couldn’t have come at a better time.”