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St Louis, an ag innovation ecosystem and a national model of cluster development
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Ag Tech and dairy companies take part in 2021 DFA CoLab Accelerator Facial recognition software for cows, nanotechnologies to help treat mastitis and a single-serve, snack-sized cheese bar are among the startup companies convening virtually this week as Dairy Farmers of America (DFA) launches its 2021 DFA CoLab Accelerator class.
“We’re really excited about this year’s class and the potential for their innovations,” said Doug Dresslaer, director of innovation at DFA.
“It’s a very diverse group with some cutting-edge ag technologies that can help solve problems and benefit our farm family-owners as well as product-focused startups that are exploring new possibilities for dairy foods.”
Heritage Bank s 8 years journey of entrenching business of banking in Nigeria
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Our guide to some of the main food sector incubators and accelerators operated by major food manufacturers.
As with in-house venture capital funds, for big food companies looking to gain exposure to new, exciting, potentially faster-growing categories, starting an incubator or accelerator is becoming increasingly popular.
Incubators and accelerators are not exactly the same thing. Although both offer support and guidance to start-ups, incubators are typically targeted at companies at an earlier stage. Accelerators are aimed at existing companies that have an idea and a business model already in place but which need help to propel their business forward.
Such vehicles, and especially incubators, provide mentoring and advice on everything from branding to attracting finance. There is also often a grant provided to the businesses chosen to take part in a programme and sometimes a cash prize for the business selected as the winner from that year s intake.
Heritage Bank Plc has empowered the winner of The Next Titan Season-7 with the sum of N10 million.
An entrepreneur, Joshua Joseph Idiong, who is the CEO of Josult Oil Processing Company, a palm oil processing company in Akwa Ibom State emerged the winner of the Next Titan Season-7, themed: The Unstoppable.”
The graduate of Federal University of Technology, Owerri, emerged winner after competing with Ifeanyi Nkwonta, Chidinma Eriobu and Ifeoma Benjamin at the grand finale in Lagos.
Idiong’s entry in the show was amongst the 18, 000 entries, followed by online auditions before the top 16 moved into the Titan House for 10 weeks to compete against top notch young entrepreneurs in real-life entrepreneurial tasks.
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