arc-net are delighted to announce that they have been selected into the inaugural cohort of startups for Terra, the Food + Ag Tech Accelerator.
Founded by Rabobank and RocketSpace, Terra is a first of its kind accelerator program bringing together the industry’s most disruptive startups and progressive corporations to fuel cross-industry innovation and set a new standard for food and agriculture. The cohort - with global representation from across five countries (Canada, Spain, Thailand, UK, USA) and industry sectors - kicks off this week on RocketSpace’s tech campus in San Francisco.
Unlike traditional accelerators, Terra’s unique consortium model brings together a diverse group of industry leaders - both big and small - to explore and experiment with potential partnerships through a dedicated product validation program.
Rabobank and RocketSpace, along with Terra’s corporate collaborators - AgroFresh, Beta San Miguel, Givaudan, Griffith Foods, Grupo Azucarero Mexico/CULTIBA and OSI Group - selected arc-net from a competitive applicant pool of hundreds of startups from around the world.
Among other benefits, arc-net will gain brand exposure and be able to validate its product in collaboration with multiple industry corporations. This non-traditional accelerator model includes pilot testing and is structured to progress beyond a proof of concept to a commercially viable product.
Kieran Kelly, CEO of arc-net said “I am humbled that arc-net have the opportunity to work alongside some of the most influential, and respected organisations working in the food and agriculture sector.”
He continues “Rabobank and RocketSpace provide a blueprint and formula for success. We look forward to utilising the expertise and resources provided by the Terra program in order to deliver our mission of protecting the health of current and future generations by providing access to safe and authentic food for everyone.”
“There are many unique attributes that set Terra apart from other accelerators, one being that the pilot program will allow us to really observe how the participating start-ups can scale, and how the partnership with our collaborators can help them in that process,” says Manuel Gonzalez, Head of Startup Innovation at Rabobank. “Terra is about both the future and the here and now – what the industry needs, what consumers want, what the earth requires – and how startups can respond to the needs of society.”
Following the program’s kick off this week, arc-net will begin an eight-week tailored curriculum led by industry experts, followed by an eight-week product validation period. During the program arc-net has the unique opportunity to work among its curated community of tech startups which has included 18 “unicorns” valued at $1B or more.