Business Wire

AGCO iVenture Summit Calls for Venture Capital to Invest into the Future of Agriculture

Share

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: @AGCOCorp. For financial news on Twitter, please follow the hashtag #AGCOIR.

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

AGCO
Ulrich Stockheim
Chief Communications Officer
Ulrich.Stockheim@agcocorp.com

About Business Wire

For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

PAN Finance Names Libertex ‘Global CFD Broker of the Year’29.3.2024 08:25:00 EET | Press release

As the first quarter of 2024 draws to a close, Libertex is thrilled to announce its first accolade of the new year! The established global financial publication PAN Finance has determined Libertex to be the ‘CFD Broker of the Year – Global 2024’ following a rigorous evaluation process conducted by the publication's highly experienced editorial and research teams. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328235325/en/ (Graphic: Libertex) PAN Finance is a trusted source of global financial intelligence with an impressively wide readership across 150 countries. Its ecosystem includes a quarterly magazine, special reports, a news website, and various social media channels. As an organisation, PAN Finance is committed to providing concise, intelligent, and up-to-date news for a worldwide readership of specialists spanning the entire finance industry. The company's awards programme aims to serve as a true indicator of exc

Midea Group releases its first-ever ESG brand story with an unexpected VIP visit highlighting its commitment to sustainability.29.3.2024 04:39:00 EET | Press release

Midea Group: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328526418/en/ Background: Midea Group, a leading global technology group, recently released its 2023 Environmental, Social, and Governance (ESG) Report with ambitious sustainable development goals set for 2030. They include achieving over 500 megawatts of photovoltaic power generation, reducing greenhouse gas emission intensity (scopes 1 and 2) by 0.040, secure Energy Management System Certification for 50 factories, and achieve 100% carbon footprint accounting for major categories of smart home appliances. This is aligned with the Sustainable Development Report Standards of the Global Report Standards of the Global Reporting Initiative (GRI). The new report and campaign focuses on four dimensions: Protect the Blue Planet, Build a Harmonious Community, Practice 'Bring Great Innovations to Life', and Jointly Create the Prosperous Ecology. The campaign: Midea’s ESG

DC Secretary Announces Annual Determinations Committees Outcome28.3.2024 23:14:00 EET | Press release

DC Administration Services, Inc. has today announced the composition of five regional Determinations Committees (DCs), effective from April 27, 2024. Voting Dealers (for all regions): Voting Non-Dealers (for all regions): Bank of America N.A. Citadel LLC Barclays Bank plc Elliott Management Corporation BNP Paribas Pacific Investment Management Company LLC Citibank, N.A. Deutsche Bank AG Goldman Sachs International JPMorgan Chase Bank, N.A. Voting Dealer for the Americas, EMEA, AEJ, and Japan Determination Committees: Mizuho Securities Co., Ltd. The process for selecting DC members is specified in the DC rules. The DC rules, along with more information about the Determinations Committees and what they do can be found at the Determinations Committees website: https://www.cdsdeterminationscommittees.org/. View source version on businesswire.com: https://www.businesswire.com/news/home/20240328441002/en/ Contact information Press Inquiries: Orlando Figueroa orlando.figueroa@citadelspv.com

Faster Recoveries, Improved Security: HTEC and G2 Risk Solutions Join Forces to Advance Bankruptcy Management28.3.2024 19:02:00 EET | Press release

HTEC, a global digital consulting, software engineering, and product development company, is announcing a strategic collaboration with G2 Risk Solutions (G2RS), the preeminent provider of end-to-end bankruptcy technology solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240328622816/en/ HTEC & G2 Risk Solutions Partnership (Photo: Business Wire) Under the agreement, G2RS will engage HTEC to incorporate its leading-edge technology into G2RS’ premier bankruptcy management platform. As the creators of the most comprehensive national bankruptcy database and the first bankruptcy management portal, G2RS is an industry pioneer. By adding HTEC’s premium engineering to the G2RS technology stack, G2RS will offer new and innovative functionalities to help clients expedite financial recoveries, increase data protection, and reduce operational inefficiencies in the bankruptcy management life cycle. “We are thrilled to be a part o

LambdaTest Launches The Phoenix Project, an Employee Resource Group for Women28.3.2024 18:00:00 EET | Press release

LambdaTest, a leading cloud-based unified testing platform, announced the launch of The Phoenix Project, an Employee Resource Group (ERG) dedicated to supporting and promoting the success of its female employees. “LambdaTest is committed to fostering a diverse, inclusive, and equitable workplace where all employees feel valued and empowered to reach their full potential,” said Chandini Chopra, VP of People and Culture at LambdaTest. “The Phoenix Project is a critical step towards achieving this goal by providing a platform for professional development, networking, and mentorship, especially for our women employees.” The Phoenix Project Aims To: Offer professional development workshops, networking opportunities, and dedicated time off for women to participate in ERG initiatives. Provide mentorship programs connecting senior female employees with mentees. Promote leadership development among women within the company. Create a sense of community for women in the workplace. Leadership and

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye