Investment Competitions:

We regularly run challenges and pitch day competitions to identify early-stage companies focused on different areas of agtech and foodtech to make investments in. The winners of these challenges receive funding without program participation or re-location requirements. Here’s some information on our current and past challenges.

 

To stay informed about when challenges open and finalist/winner announcements are made, subscribe to our mailing list.

Latest Challenge

NutrienRadicleChallengeCanada

Application Deadline: June 28, 2019

Investment: Growth-Stage companies will be competing for a $1M investment and Seed-Stage companies for a $250K investment.

We’ve teamed up with Nutrien, the world’s largest provider of crop inputs, services, and solutions, to drive ag and food tech innovation in Canada. The Nutrien-Radicle Challenge Canada has been created to transform the speed of innovation for Canadian entrepreneurs. Together we’ll find the top Growth-Stage and the top Seed-Stage ag and food tech companies in Canada, invest in them and provide access to the Radicle and Nutrien platforms to accelerate the development of technologies in the sectors.

This is our second Challenge whereby investment will be made in the most promising ag and food technologies in a specific geography (we pioneered this concept in Israel earlier this year).

After entries close on June 28, 2019, 4-6 finalists will be identified from the Growth-Stage entrants and another 4-6 from the Seed-Stage entrants. The finalists will participate in a Pitch Day Competition at an event in Saskatoon, Saskatchewan in early October. The winners will not only receive the investment from Radicle Growth, but also resources to accelerate development of their companies and technologies.

Requirements to enter:

  • Companies must be based in Canada.
  • For Growth-Stage companies, a minimum of US$3M investment to date is required.
  • Seed-Stage applicants should have received a minimum of US$100K in investment, in-kind capital or have gone through an Agtech incubator or accelerator program.

Our Pitch Day event will be invite-only. If you are interested in attending, please fill out this form and we’ll be in touch.

Submit your Application below

*All potential investments are subject to final terms and conditions and normal and customary due diligence

Ongoing Challenges

Winners will be announce in September, 2019

Investment: Winner to receive up to $250k in funding

 We teamed up with OurCrowd and Startup Nation Central to hold our first challenge to fund a Agtech/Foodtech startup in a specific geography – Israel. The winner of The Radicle Challenge Israel will receive Radicle’s first investment specifically targeted at entrepreneurs in Israel, a market where Agtech innovation is significantly growing.

As announced at the 2019 OurCrowd Global Investor Summit, the most promising pre-seed Agtech and Foodtech companies in Israel will not only receive the funding from Radicle Growth, but will have access to a global Agtech network, connection to Radicle’s venture partners and strategic alliances and access to Radicle’s acceleration platform.

Past Challenges

RADICLE-agri-tech

“Winning the Radicle Challenge is a major milestone validating Aromyx’s technology. While the technology has applications for a broad range of industries, agriculture is a primary focus and we see massive opportunities to disrupt current practices. Bringing a disruptive technology to an established marketplace is not easy, and we are excited to be partnering with Radicle and their network to accelerate our development efforts and find the optimal product-market fits.” Josh Silverman, Aromyx, Inc. CEO

About the Challenge

For a second year, we teamed up with World Agri-Tech to host the pre-summit Pitch Day in San Francisco. Entries consisted of over 150 seed-stage Agtech and Foodtech companies. Eight early-stage technology companies were then selected to pitch their solutions to a panel of judges and an audience of high-ranking investors and agribusiness leaders

RADICLE-CHALLENGE-GPS-logo_FINAL-RGB-web

“Increasingly, farmers demand all-in-one solutions for their agriculture data. In response, agtech companies both large and small are quickly forming partnerships and programmatic connections between their data platforms via APIs. However, we see the vast majority of agtech companies struggling to implement and maintain their partnerships at a technical level while balancing the development of their core products. Our solution allows them to activate instant connections with their partners and remain focused on their own innovations. We’re honored to be recognized as the winner of the GPS Challenge and excited to continue our network’s expansion into North America with our new strategic partners at Radicle Growth.” G. Bailey Stockdale, Leaf Agriculture CEO

 


About the Challenge

The GPS Challenge called on agtech and foodtech startups from around the world that were taking part in an incubator or accelerator program to apply for investment. Radicle evaluated the applicants to identify and accelerate the development of the most promising pre-seed agtech and foodtech companie(s) in the world. Through investing the amount they need to be successful at the pre-seed stage, preparing them for their next round of funding, and providing them access to Radicle’s platform, Radicle helps change the trajectory of companies in their infancy.

“84% of the US crop workforce tends to largely non-mechanized fruit, vegetable, and nursery production, but rising wages and a shrinking workforce are driving growers of these specialty crops to turn to robots to reduce labor needs and costs,” said Charlie Andersen, CEO and founder, Augean Robotics. “We are thrilled to have this investor support, which will allow us to accelerate the commercialization of Burro and to develop the proprietary datasets needed to enable further autonomy.”

About the Challenge

Western Growers and Radicle Growth partnered to create The Radicle Automation Challenge, a competition where AgTech automation entrepreneurs are eligible to compete for capital and exclusive access to farm acreage to pilot their technologies. This challenge was created to find and fund the best and brightest ideas from around the world to help automate agricultural functions.

“These Challenges aren’t just about capital, they have 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 these stages 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.”

Kirk Haney
Managing Partner, Radicle Growth