DULUTH, Ga.--(BUSINESS WIRE)--Jan. 18, 2018--
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:
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Source: AGCO
AGCO
Ulrich Stockheim
Chief Communications Officer
Ulrich.Stockheim@agcocorp.com