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Iowa AgriTech Accelerator announces dissolution Friday, January 15, 2021 3:29 PM Five years after launch, the Iowa AgriTech Accelerator is dissolving, Executive Director Nadilia Gomez announced in a statement sent to the Business Record this afternoon.
The governing board cited the emergence of new, regional entrepreneurial support resources that have been established since the Iowa AgriTech Accelerator was formed by the Greater Des Moines Partnership and Cultivation Corridor. The accelerator welcomed its first cohort in 2017 and was based in the East Village next to the Global Insurance Accelerator, which the Iowa AgriTech Accelerator was modeled on.
“We are proud to have played a role in the development of new technologies in the U.S. agriculture sector and look forward to seeing the continued work of the startups who had the opportunity to participate,” Gomez said. “Startups who have participated in the Iowa AgriTech Accelerator in the pa
The Iowa AgriTech Accelerator no longer will provide new programming, its executive director said in a news release Friday, as the organization dissolves.
Businesses already receiving funds from the Iowa AgriTech Accerator will continue to receive that money, and existing mentorships still will be in place.
The Greater Des Moines Partnership and the Cultivation Corridor started the Des Moines-based accelerator in 2016. Investors included John Deere, Sukup Manufacturing, Kent Corp. and Grinnell Mutual.
Twelve companies came through the Iowa AgriTech Accelerator, including Iowa City-based Farrpro.
“We are proud to have played a role in the development of new technologies in the U.S. agriculture sector and look forward to seeing the continued work of the start-ups who had the opportunity to participate,” said Nadilia Gomez, executive director of Iowa AgriTech Accelerator, in a news release.