AGCO iVenture Summit Calls for Venture Capital to Invest into the Future of Agriculture
18 January 2018 - 10:00PM
Business Wire
AGCO (NYSE: AGCO), a global leader in the design, manufacture
and distribution of agricultural machinery and solutions, today
held its first ever AGCO iVenture Summit in Berlin, Germany. The
Summit is a joint initiative of AGCO, AGCO Finance, AGCO’s Fuse
Technologies, and Anterra Capital, a venture capital investor
focusing on companies in the food and agricultural sectors.
“Startups are disrupting traditional agriculture and address
many of the world’s most significant challenges, including food
security, farmer livelihood and resource efficiency,” said Martin
Richenhagen, AGCO Chairman, President and CEO. “Today, we are
bringing Silicon Valley to Berlin. Agri-tech startups will pitch
ideas that make a real difference and stand for technological
progress and innovation in agriculture.”
The AGCO iVenture Summit targets innovators and visionaries who
actively shape the future of agriculture by creating disruptive
solutions that have the potential to move global agriculture
forward. The purpose of the event is to strengthen the innovation
culture in the agricultural community. The AGCO iVenture Summit
strives to help innovators gain access to industry thought leaders,
partners, and funding to ultimately help them bring new
technologies to the market. The objective is to bring the right
people together and build successful partnerships for a bright
future and contribute to global food security.
Adam Anders, Managing Partner and co-founder of Anterra Capital,
explained, “Entrepreneurs and venture capitalists are increasingly
recognizing the long-term opportunity in the agricultural sector
and are increasingly investing in agri-tech startups. At Anterra
Capital, we invest across the food supply chain in technology
driven companies and support them with capital, specialist
knowledge and a network that extends beyond both the traditional
agriculture community and the traditional venture capital
community. For us the AGCO iVenture Summit is a unique platform to
bring food and agriculture sector business leaders together with
the best agri-tech startups and the strongest venture capital
investors interested in this sector.”
Pioneering agri-tech entrepreneurs focus on innovative ideas
along the agricultural value chain ranging from big data, cloud
software, and robotics to new crops development, irrigation
solutions, smart fertilizing, urban farming, and many others. Their
disruptive technologies and novel solutions have the potential to
make modern agriculture more productive, efficient, and
sustainable. Today’s event provided a platform for revolutionary
agri-tech startups to showcase their business models.
Participants at the AGCO iVenture Summit discussed the many ways
in which agri-tech startups and venture capitalists could work
together to develop novel technologies that increase agricultural
productivity and create a better and more sustainable food
security.
Guest speakers included Prof. Klaus Josef Lutz (CEO of BayWa
AG), Bernard Krone (Managing Director and Owner, Bernard Krone
Holding SE & Co. KG), Adrian Percy (Head of Research &
Development, Crop Science – a division of Bayer), David Batcheller
(Chairman of Appareo Systems, LLC), Berry Marttin (Member of the
Managing Board, Rabobank), Michael Horsch (Founder, HORSCH
Maschinen GmbH), and Prof. Dr. Thomas Herlitzius (Chair of
Professorship for Agricultural Systems Technology, TU Dresden).
“The AGCO iVenture Summit provided a great platform for
agri-tech startups like Agriconomie, Ecrorobotics, Farmobile,
German Autolabs, TellusLabs, UseMyTec, and Wefarm and allowed them
to connect with experts and build new relationships to grow their
business ventures,” Richenhagen concluded. “At AGCO, we are always
on the lookout for new ideas and the iVenture Summit introduced us
to some amazing new technologies that are certainly interesting for
us.”
For more information, please visit
http://www.agco-iventure-summit.com/home.html
About AGCO
AGCO (NYSE: AGCO) is a global leader in the design, manufacture
and distribution of agricultural solutions and supports more
productive farming through its full line of equipment and related
services. AGCO products are sold through five core brands,
Challenger®, Fendt®, GSI®, Massey Ferguson® and Valtra®, supported
by Fuse® precision technologies and farm optimization services, and
are distributed globally through a combination of over 3,000
independent dealers and distributors in more than 150 countries.
Founded in 1990, AGCO is headquartered in Duluth, GA, USA. In 2016,
AGCO had net sales of approximately $7.4 billion. For more
information, visit http://www.AGCOcorp.com. For company news,
information and events, please follow us on Twitter: @AGCOCorp. For
financial news on Twitter, please follow the hashtag #AGCOIR.
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AGCOUlrich StockheimChief Communications
OfficerUlrich.Stockheim@agcocorp.com
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