Frequently Asked Questions for FARMS PARTNERS
The following are some of the most common questions we receive from potential partners farms to The Radicle Farm. If you have any other questions, please direct them to: Damaris Mozo at dmozo@radicle.vc.
What is The Radicle Farm?
The Radicle Farm (or “The Farm”) is a global farm-access platform to accelerate the development of early-stage agtech companies. “The Farm” connects the best, most innovative on-farm technologies from around the world with partner farms across the Northern and Southern hemispheres to conduct on-farm trials to produce data to validate their technology. This is incredibly unique because it doubles the speed at which on-farm technologies can be trialled and de-risks those technologies prior to investing significant amounts of capital.
Why partner with Radicle for Radicle Farm?
Radicle is working with large farms in the Mid-West US, California, Canada, and Brazil. These farms grow a variety of crops, including corn, soy, cereal grains, leafy greens, berries, vegetables, almonds, grapes, pistachios, tomatoes, citrus, coffee, avocado, macadamia, and other crops.
By providing financial incentives to partner farms, as well as early access to potentially revolutionary technologies, Radicle ensures interest alignment of partner farms. Participating farms will be given the option to not only be early adopters of the technology, but to also receive equity in each portfolio company that it conducts a trial.
Radicle sources the companies/technologies, conducts due diligence and designs the trial for each company. The farming partners provide access to their farms including land and agronomic resources as needed for the trial.
Radicle reviews approximately 1,000 ag technologies per year and will be the lead in selecting 5-10 potential companies to join The Farm. Each farming partner will be part of the review and final decision for acceptance to The Farm.
What would be the equity participation?
Radicle will negotiate equity ownership in each company prior to joining The Farm. This equity will be shared between Radicle and the Farm Partner.
What types of technologies are you looking for?
We are looking for companies leveraging agriculture technology to create a more sustainable food value chain.
Sample technology groups include new crop varieties, seed treatments, biologicals, inputs, management practices, new equipment, new business models, and digital tools.
What would be the acceptance criteria?
The following criteria will be used to select the companies (in addition to idiosyncratic assessment and due diligence used in assessing individual start-ups):
- Alignment with Radicle investment themes
- Key emerging technology categories
- Type of crop and market size
- Complexity of technology and probability of conducting successful trials
What would be the outcome for the start-up if the trial is a success?
Successful trial outcomes will position each startup to receive an investment by Radicle Growth and become part of Radicle’s company-building platform.
