Food and agriculture entrepreneurs can apply to the 2022 Farm Bureau Ag Innovation Challenge. Micheal Clements shares how the challenge can help startup businesses reach success.
Clements: The American Farm Bureau Federation, in partnership with Farm Credit, has opened online applications for the 2022 Farm Bureau Ag Innovation Challenge. Farm Bureau Executive Director of Industry Relations Sarah Brown says the Challenge has awarded more than $1 million over eight years.
Brown: It’s a really exciting milestone for us as we passed that this past year. We’re excited that we’ve been able to expand the dollar amount we’ll be awarding in startup funds. We are adding a formal runner up prize. And so, this year collectively, we’re going to be giving away $165,000 in startup funds across ten of the finalist teams.
Clements: Brown says the Challenge helps put food and ag startups on the map.
Brown: This is more than just a competition. They receive pitch training through Cornell University, there’s a strong mentorship program as we work with the various rural business investment companies across the Farm Credit System and across our agribusiness sponsor companies. And, we welcome folks to apply, we look for a wide-range of business solutions and entrepreneurs.
Clements: You can apply for the Challenge online.
Brown: You have until August 20 to submit your application and then we’ll be announcing the top ten teams that are selected on October 5. We highly encourage that you apply, we’re looking for diversity and ideas and solutions across our businesses here in the U.S.
Clements: Learn more and apply at fb.org/challenge.