April 4, 2019
Ag-data analytics company The Bee Corp. to participate in Silicon Valley-based THRIVE Accelerator
FOR IMMEDIATE RELEASE
BLOOMINGTON, Ind. -- The Bee Corp., an agriculture data analytics startup founded by Indiana University graduates, has been selected to participate in the THRIVE Accelerator program based in Silicon Valley.
Nine companies from around the globe will participate in the four-month program, which began Feb. 13. Company leaders have access to mentors across the agriculture sector and others, investments, and farmers in the Central California growing region. The program concludes at the Forbes AgTech Summit, June 26-27 in Salinas, California. THRIVE is hosted by venture capital firm SVG Ventures, a group with extensive experience in ag-tech investing.
"This is a highly selective program, and being included in this year's cohort definitely signals that we're going in the right direction," CEO Ellie Symes said. "It's an honor to be included among the elite ag-tech startups that have gone through the THRIVE program."
THRIVE was recently awarded ‘Most Valuable AgriFood Tech Accelerator Program’ at the World Agri-Tech Innovation Summit in San Francisco last week.
The Bee Corp participated in a February kickoff boot camp that included meetings with advisors, corporate partners and other cohort companies. The remainder of the accelerator program will be concluded remotely, with weekly webinars and meetings with advisors.
"THRIVE will connect The Bee Corp with agricultural companies interested in innovation. We aim to have potential partnerships and opportunities identified and established by the end of the program," Symes said.
The Bee Corp. also announced that its Verifli technology, which quickly captures unbiased performance data about bees in a hive, has been launched among California almond growers earlier in February. Symes said it is a non-invasive, unbiased tool that enables growers to evaluate rented hives faster than traditional methods.
"More than two million hives, or three-quarters of the nation's beehives, make their way to California each February to pollinate almond trees during bloom. Renting hives for pollination has become a top-three input cost to produce an almond crop, but growers are limited in their ability to evaluate the quality of the bees," Symes said.
Symes said Verifli will lend transparency and equity to both sides of the pollination market. Growers can access unbiased information about the bees they have rented, and beekeepers can earn the true market value for their best hives.
"Rather than hiring an inspector to manually open hives and visually estimate pollination value, growers can collect empirical performance data themselves," Symes said. "Verifli is powered by infrared technology, so growers can evaluate hive strength without disrupting the bees."
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