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Verizon partners with SVG to drive AgTech innovation. 
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FOR IMMEDIATE RELEASE
May 04, 2015


SVG Press Contact: 
Erin Fogg 831-515-6403 
erin@spokeconsulting.com

Verizon and SVG team up to Advance Precision Agricultureculture


LOS GATOS, CA  â€“  Verizon and SVG Partners announced today that they are entering into a strategic business relationship designed to enhance SVG’s Thrive Accelerator mentorship and investment program, which brings together the world’s leading agriculture companies and technology companies to transform agriculture.

In addition, Verizon will become a strategic partner in the upcoming Forbes Reinventing America: The AgTech Summit, which will tackle some of the world’s most critical challenges in agriculture. Co-hosted by SVG Partners, the invitation-only event will be held July 8–9 in Salinas, Calif.  

As the world’s demand for food increases due to population growth, the SVG/Verizon collaboration aims to disrupt the farm-to-fork movement by giving rise to innovative ideas and Internet of Things (IoT)-enabled technologies designed to help make farming “smart.”

"The intersection of technology and agriculture will help solve the exploding food production challenge our world faces, as well as deliver investment opportunities in the twenty-first century," said John Hartnett, CEO of SVG Partners. "We are thrilled to work with Verizon in leading change to the burgeoning field of AgTech. We further welcome its strategic involvement with Forbes Reinventing America: The AgTech Summit."

By tapping into Verizon’s IoT agriculture ecosystem, farmers can improve virtually every stage of production, including crop planting, soil-monitoring, equipment tracking and fuel usage — all powered by Verizon’s nationwide wireless network and machine-to-machine management platform.

“We look forward to collaborating with SVG Partners not only to help the agricultural industry transform its operations, but to also help fuel societal innovation more broadly,” said Mark Bartolomeo, vice president IoT Connected Solutions at Verizon. “IoT-enabled technologies, combined with new and ongoing strategic relationships across the ecosystem, can help increase agricultural output, processes and efficiency."

Verizon joins other leading agriculture organizations in SVG's and Forbes Thrive Accelerator, including:
  • Western Growers Association
  • Dole Food Company
  • Taylor Farms
  • Smith Group
  • Mann Packing
  • Rocket Farms
  • Chiquita
As part of the AgTech Summit, Verizon will present and judge at Thrive Accelerator's Seed Camp. Seed Camp and Thrive Accelerator allow innovators in the agriculture technology market to present their ideas to high-profile technology and agriculture leaders. Seed Camp and Thrive Accelerator participants have the opportunity to receive funding and exclusive introductions within target market segments to further their growth. 
Photo below courtesy SVG Partners. From left to right: Mark Bartolomeo Vice President Global Enterprise Sales at Verizon Wireless, John Hartnett CEO of SVG Partners, Daniel Feldman Director IoT/Smart Cities at Verizon Wireless, Chris Boody CTO of SVG Partners.
For more information or to request an interview, please contact Erin Fogg: (831) 515-6403, erin@spokeconsulting.com. Photos available upon request.
About SVG Partners. SVG Partners is an investment and advisory firm that partners with public and private organizations on strategy, innovation and global expansion. Our investment focus is on early stage companies with disruptive technologies. Our team consists of accomplished technology leaders who want to apply their experience and passion to help portfolio companies succeed. We also leverage our vast global network allowing us to connect portfolio companies in meaningful ways to accelerate their success and exit opportunities.

About Thrive Accelerator. The Thrive Accelerator is a selective mentorship and investment program intended to connect technology-enabled startups with leading agricultural companies. Other sponsors of the program include Taylor Farms, JV Smith Companies, Chiquita, Dole, Mann’s and Rocket Farms. Currently, ten start-ups have been selected for incubation. Award winners and results from this initiative will be featured at Forbes Reinventing America: The AgTech Summit. Learn more about the Thrive Accelerator at http://www.thriveaccelerator.com.

About Forbes Reinventing America: The AgTech Summit. For the past three years, Forbes magazine’s Reinventing America series has been covering the innovation and disruption taking place in diverse industries across America’s industrial heartland, from logistics and transportation to energy and manufacturing. Following the success of the inaugural “Forbes Reinventing America Summit,” which took place in Chicago in March of 2014, Forbes is creating a series of Summits that are bringing the “Reinventing America” conversation to life around key verticals, such as AgTech, Energy, Innovation, Manufacturing and Workforce. Learn more about the Forbes Reinventing America: The AgTech summit at http://www.forbesconferences.com/event/2015-forbes-reinventing-america-the-agtech-summit/.
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