SVG Ventures/THRIVE and Intel join forces to accelerate digital transformation and sustainability across the global food supply chain

Date:11-03-2021

Food is life. Throughout human history, the production and supply of sustenance has driven the growth – and decline – of our societies. Today, global sustainability challenges and the realities of climate change are driving an unprecedented rate of digital transformation across the food & agriculture industries. Use cases for new technology exist across the entire value chain including advanced applications of genomics in research labs, artificial intelligence (AI) optimized crop production and IoT enabled supply chains to the end consumer. Considering these challenges and opportunities, SVG Ventures/THRIVE announces that Intel Corporation has become the latest corporate partner to join our venture & innovation platform.

The goal of the platform is to enable organizations to better address global sustainability challenges by accelerating digital transformation across agrifood value chains. This collaboration will combine Intel’s advanced technology expertise in the areas of AI, computer vision, edge computing, and networking with THRIVE’s platform and proven track record for identifying and accelerating disruptive solutions in food & agriculture. The goal? Development of a pipeline of impactful innovations and acceleration of transformational technologies that can positively impact local agrifood ecosystems worldwide.

One of the unique elements of this collaboration is the combined scale of both companies. THRIVE is an established leader in the agrifood tech space and has developed an expansive global ecosystem of over 5,000 startups, more than 40 corporate partners and a multitude of industry associations, producer co-ops and investment and government partners. Intel Corporation has over 50 years of experience not only powering technological innovations but also serving as a trusted technology advisor to organizations and companies across the globe.

“Progressive corporations like Intel are proactively looking across the globe for innovative solutions,” said John Hartnett, CEO and Founder of SVG/THRIVE. “Our platform delivers incredible opportunities for both our corporate partners and our startups and we are incredibly excited to be partnering with Intel to accelerate digital transformation to further advance the future of food and agriculture and drive a more sustainable future for us all.”

Through this collaboration, Intel’s Health & Life Sciences team will connect with SVG Ventures/THRIVE’s extensive network of industry partners, participate in corporate workshops and programs like global tech summits and challenges, and engage with best-in-class emerging startups and scaleups in THRIVE’s innovation ecosystem. In turn, THRIVE’s current and future portfolio companies and partners can benefit from Intel’s deep technical capabilities, global partner ecosystem, and go-to market acceleration capabilities.  Find more ecosystem news here.