Agribusiness Entrepreneurs Hope For Bumper Crop Of Investment

Just because agriculture has been part of human civilization for more than 5000 years doesn't mean there's nothing new under the sun. University agricultural programs are increasingly developing cross-disciplinary ties with science, engineering and business schools to foster real "grass-roots" entrepreneurship in the primary economy.

On Wednesday, the Center for Innovation and Entrepreneurship at the University of Washington Foster School of Business hosted the qualifying round of its annual business plan contest.

Amid a field of competitors with sexier, trendier business models (travel-based social networks, e-commerce solutions for cash-based economies) and mind-blowing technical innovation (literally in the case of Aqueduct Neurosciences, purveyor of a new style shunt for certain brain conditions), the agribusiness entrepreneurs stood out like a faded work shirt in a room full of Armani suits. And not in a bad way.

Their presence, number, and quality come as no surprise. East of the Cascade mountains and the Seattle-Bellevue-Redmond techopolis, Washington is a rural state. The wheat growers of Wenatchee and the apple farmers and vintners of the Yakima Valley need a competitive edge as much as any other business. And fortunately, the climate for innovation looks good.

AgComm demonstrated a Web-based monitoring and control platform to link farmers' existing frost and heat protection devices to their proprietary sensor units and cloud-based system. The goal is to help fruit growers increase the yields of their orchards while reducing the time they spend checking for frost and heat damage.

C6Systems has developed a unique system to help turn wood-waste ("slash") from forestry operations into a high-quality biochar soil amendment. Carbon sequestration not only creates new value from a product previously considered waste and nuisance, but also improves crop yields and reduces fertilizer costs.

NorthWest Hay Processors has a value proposition as straightforward as its name. They've invented a process that reduces the time to produce high quality hay from seven days to three hours, while reducing the cost, fuel and water use. The company is seeking a million dollars to build their facility, and say they already have enough agreements in place to start operating at full capacity on day one.

PackerData.com is an online service that provides transparency into market conditions for fruit farmers previously held hostage to middlemen charging excessive markups. The market site forces packers to compete for growers' business, creating savings for both producers and consumers. While PackerData's team admits that the Web and tech-based solution can be a hard-sell for traditional farmers, they say the enthusiasm and uptake among the younger generation is encouraging.

Finally, Solanux founder Dr. Kerry Huber developed a patented process to grow potatoes with significantly lower glycemic response results, making it possible to add crunchy, tasty treats back on the menus for people with diabetes, allergies or gluten issues. Considering the rising numbers of Americans with diabetes or pre-diabetic dietary restrictions, that market is not small potatoes.

A few were hits with the judges. AgComm, C6 Systems and Solanux are moving on to the next round of the competition. Each of these companies is hoping to join the ag-based company that claimed last year's "Best Sustainable Advantage" award, WISErg--an eco-friendly startp that derives valuable resources from compostable feedstock--which just closed its recent financing round and is in pilot tests around the Puget Sound.

Rob Salkowitz is author of Young World Rising: How Youth, Technology and Entepreneurship are Changing the World from the Bottom Up. Follow him on Twitter @robsalk.

Add New Comment

1 Comments

  • Erich J. Knight

    A Brief History of Agricultural Time

    Our farming for over 10,000 years has been responsible for 2/3rds of our excess greenhouse gases. This soil carbon, converted to carbon dioxide, methane and nitrous oxide began a slow stable warming that now accelerates with burning of fossil fuel. The unintended consequence has been the flowering of our civilization. Our science has now realized the consequences and developed a more encompassing wisdom.

    Modern Agriculture has evolved in the ability to remove the limitations to plant growth, from burning forest for ash fertilizers, to bison bones, to Guano islands, then in 1913, to crafty Germans figuring out how to suck nitrogen from the air to now with natural gas derived fertilizers. These chemical fertilizers have over come nutrient limits to growth for 100 years.

    NPK and the "Green Revolution" in genetics have brought us to where we are, all made possible by basically mining soil carbon stocks. So we have now hit a carbon limit in two distinct ways. The first is continued loss of soil carbon content, the second is fossil carbon energy cost. The present farming system spends ten cents of fossil energy delivering one cent of food energy.

    We can not go back, but we can go forward with our newly acquired wisdom. Wise land management, Conservation Agriculture and afforestation can build back our soil carbon, Biochar allows the soil food web to build much more recalcitrant organic carbon, (living biomass & Glomalins) in addition to the carbon in the biochar.

    We can rectify the carbon cycle, and beyond that, biochar systems serve the same healing function for the nitrogen and phosphorous cycles, toxicity in soils and sediments and as a feed additive cut the carbon foot print of livestock by 50%.

    For those looking for an overview of biochar and its benefits, These authors have done a very nice job of distilling a great deal of information about biochar and applying it to the US context:

    2010 US Biochar Conference at ISU;
    US Focused Biochar report: Assessment of Biochar's Benefits for the USA

    http://www.biochar-us.org/pdf%...

    Recent NATURE STUDY;
    Sustainable bio char to mitigate global climate change
    http://www.nature.com/ncomms/j...