New partnership to accelerate food and agriculture innovation

Bioenterprise, SVG | THRIVE agree to strategic collaboration

Guelph ON/Los Gatos CA, 28 April 2021 – Food and agri-tech innovation in Canada is receiving a boost through a new strategic partnership between a Silicon Valley innovation leader and Bioenterprise,  Canada’s Food & Agri-Tech Engine.

Bioenterprise and SVG Ventures | THRIVE, a leading agri-food innovation and investment platform headquartered in California, have signed a Memorandum of Understanding (MOU) to join forces to support growth in the agriculture and food industries.

“SVG Ventures | THRIVE is a known leader in the agri-food innovation and investment space and as Canada’s Food & Agri-Tech Engine, Bioenterprise is looking forward to building this collaborative relationship to encourage growth in these sectors,” says Bioenterprise CEO Dave Smardon. “By working together, we can leverage our respective networks to support new investment opportunities for innovation.”

The two organizations will co-market events and programs through their respective networks and provinces. Bioenterprise will also serve as a source of applicants for THRIVE’s accelerator program and will work with SVG to support the THRIVE Canada accelerator program.

“We are excited to announce our partnership with Bioenterprise and further expand our reach within the Canadian ecosystem,” says John Hartnett, Founder & CEO of SVG Ventures|THRIVE.  “Bioenterprise brings a wealth of experience and an extensive network which we can leverage to support Canadian startups in the agriculture and food sector.”

Bioenterprise is Canada’s Food & Agri-Tech Engine, bringing more than 15 years of industry experience and a national and international network of research institutions, academia, mentors and experts, government, and industry to help small and medium-sized businesses in the sector nationwide Connect, Innovate, and Grow. Through its sector-savvy service partner network, Bioenterprise offers a wide range of business expertise and support to its clients, and partnerships with other industries help open doors to new technologies and platforms to help the agri-tech and food sector innovate and grow. Visit www.bioenterprise.ca to learn more.

About SVG Ventures|THRIVE

SVG Ventures | THRIVE is the leading global Agrifood investment and innovation platform headquartered in Silicon Valley, and comprised of top agriculture, food & technology corporations, universities, and investors. With a community of over 5,000 startups from 100 countries, the THRIVE platform invests, accelerates, and creates unparalleled access for entrepreneurs to scale globally to solve the biggest challenges facing the food and agriculture industries. SVG’s existing global partners include Media Partner Forbes and leading government, agriculture, and technology corporations such as Corteva, Driscoll’s, FCC, Kubota, Land O’Lakes, Trimble, Taylor Farms, Valmont, Yamaha Motor Ventures and Wilbur-Ellis. Crunchbase recognizes SVG Ventures as the most active AgTech investor in the world with a portfolio count of 40 investments in the space.

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For more information:
Dave Smardon, Bioenterprise, dave.smardon@bioenterprise.ca or 519-821-2960
Helen Hartnett, SVG Ventures| THRIVE, helen.hartnett@svgventures.com or 408-375-3056