L’Assomption RMC, March 3rd, 2022 – In their continued commitment to boost the commercialization of clean agricultural technologies within the province to reduce greenhouse gas (GHG) emissions and adapt to climate change, the Zone Agtech and Cycle Momentum today announce the five startups that will undergo an intensive and immersive 16-week long mentoring program as part of the Cycle Momentum Acceleration: Agtech program, powered by the Zone Agtech.
These five companies were selected following the consideration of a panel of experts and major players in the province’s agricultural, agtech and cleantech ecosystem. The jury was mandated to assess the applications based on the advancement and relevance of the proposed technologies to the agriculture and agri-food sector, the leadership abilities of the management team, and the expected outcomes in reducing ESG and agricultural adaptation in a changing climate.
With access to an acceleration program entirely dedicated to the agtech industry, the selected companies will benefit from several services offered by the Zone Agtech, Cycle Momentum and the pan-Canadian Engine network, as well as proximity to the target market, various forms of support and specialized training offered by mentors, experts and leaders in their field of expertise. One of the selected companies may also be entitled to a grant of up to $5,000 to establish itself in the heart of Quebec’s agtech ecosystem : the Zone Agtech.
In addition to reducing GHG emissions and adjusting to climate change, the solutions proposed by the 2nd cohort are innovative, with the potential to increase the agricultural sector’s productivity by improving its access to advanced technologies for controlled environments, precision agriculture and agriculture robotization adapted to remote regions and Quebec’s context.
The companies selected for the 2nd cohort are
- Symphoni (powered by Delight Technologies) : Artificial lighting technology with integrated cooling loop.
- Ground Up Data : Underground and wireless telecommunications technology dedicated to the agricultural sector.
- LBM Agtech : Manufacture of integrated hydroponic farming complexes
- Orisha : Greenhouse climate and irrigation management solution focusing on cost-effectiveness and simplicity
- Muclitech : Climate management solution for a controlled environment.
“The companies selected for this 2nd cohort are robust and demonstrate, yet again, just how fertile a breeding ground Quebec is for innovative agricultural technologies. We are pleased to be able to support these companies dedicated to the transition of the bio-food sector towards clean and sustainable technologies. We will be there to support the 5 finalists in the pursuit of their project, and we are looking forward to welcoming them to the Zone Agtech. ” Marilou Cyr, Executive Director.
” With rising inflation and the impending concerns over climate change, innovation in agriculture is more relevant now than ever. We are proud to welcome five Quebec-based companies actively responding to the environmental and socio-economic challenges we face in the food industry today. Cycle Momentum’s role is to increase their chances of success as they bring an idea to market and secure financing from leading clean technology investors. ” Patrick Gagné, CEO at Cycle Momentum.
The Zone Agtech and Cycle Momentum would like to acknowledge the contribution of its selection committee members: Catherine Lessard of the Association des producteurs maraîchers du Québec, Dieter Valtins of Bioenterprise, Simon Olivier from Cycle Capital, Christine Forget and Morgan Guitton from Cycle Momentum, Jean-Pascal Saucier from Investissement Québec, Yourianne Plante of Lufa Farms, Marcel Gosselin of the Ministère de l’Énergie et des Ressources naturelles, and Bryce Nagels and Marilou Cyr from the Zone Agtech , who did an outstanding analysis of each of the applications received.
This initiative is part of a three-year partnership (2020-2023) between the Zone Agtech Bioentreprise Canada and Cycle Momentum. Through a co-investment of $570,000, this alliance serves to catalyzes the development of innovative agricultural technologies in Quebec in addition to supporting the Zone Agtech’s’s mission.
To learn more about the Cycle Momentum Acceleration Program : Agtech – powered by the Zone Agtech : https://bit.ly/3q4ob3Q