Details

Industries

AgTech,Aquaculture,Farming,Food Delivery,Impact Investing,Internet of Things,Logistics,Nutrition,Organic Food,Wellness

Founded date

Apr 16, 2016

Number Of Employee

1 - 10

Operating Status

Active

Investor Type

Accelerate,Co-Working Space,Entrepreneur Program,MVC,Startup Competition,Venture Capital

Our Purpose is to promote the development of startups and innovation in companies and organizations which enable an improvement in worldwide nutrition through sustainable production systems.

WHAT WE KNOW:

The AgriFoodTech sector is completely different from any other. Tech penetration is one of the lowest in the industry and farmer’s willingness to adopt new tech tools cannot be seen as mass consumers in traditional markets.

Startups trying to introduce their products in this industry will have to face many challenges, one being the strong seasonality that sometimes allows products to be validated only once a year.

Secondly, many times there's no direct correlation between what the startup is offering and the results that can be achieved by it. A single rain, or the lack of it, can change the impact that a tech solution claims to have in a particular process.

Thirdly, farmers have habits and ways of doing business that sometimes doesn't seem rational, they aren't willing to pay for services in certain ways despite it would be a no-brainer in any other type of consumer. Because of all the reasons above, investors also have to be much patient than in any other industry.

WHAT WE DO:

Glocal is the only accelerator focusing on the vertical in the region and because of that the only one with the understanding, network and tools to sort out these challenges.

Glocal provides a program that is tailor-made for every startup and that aims to provide them with the tools, network and knowledge about the market that can help them scale their companies.

We are at the epicenter of the agricultural region in LatinAmerica and as such all major multinational companies, top brokers and key institutions for the industry are located here.

Most of them act not only as Glocal investors but also as mentors and are a gateway to a massive early adopters base.

WE LOOK FOR STARTUPS THAT HAVE:

- A working product or MVP that sets an innovation for the industry

- Done proper validation with their key users

- At least one team member with industry knowledge

- Make good use of the captured data

- A fully commited team

- Potential to grow globally