Ten semi-finalist teams were announced on Nov. 25 and awarded $10,000 each. All ten semi-finalist teams will travel to AFBF’s Annual Convention, in Austin, Texas, in January 2020, with all expenses paid, to compete in a live competition to be the Farm Bureau Entrepreneur of the Year. The ten teams will compete in Austin to advance to the final round where four teams will receive an additional $5,000 and compete live on stage in front of Farm Bureau members, investors and industry representatives. The final four teams will compete to win:
- Farm Bureau Entrepreneur of the Year award and $15,000 (chosen by judges), for a total of $30,000
- People’s Choice award and $10,000 (chosen by public vote), for a total of $25,000
Hivelend is an online platform that connects beekeepers and farmers for sustainable pollination. By connecting these sideliners to pollination contracts, we are supporting them financially and enabling them to better care for their hives, and by connecting the smaller farmers to pollination contracts we are enabling increased crop yields through supplemental pollination. By working on a local scale, we are decreasing the stress on bees, the movement of disease and the risk of pesticide exposure. By ensuring farmers and beekeepers are supported with healthier crop yields, Hivelend is helping to feed the future. Watch their video pitch.
The Farm Bureau Ag Innovation Challenge is a national business competition for U.S. food and agriculture startups. Entrepreneurs will compete for $145,000 in startup funds.
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F³ Tech Startup HiveLend Makes It To Final 10 in Ag Innovation Challenge 2020
Posted at 17:08h in F3 Tech