Ag Startup Engine

Ag Startup Engine (ASE) is a prominent early-stage venture capital fund and accelerator program dedicated to fostering innovation within the agricultural technology (AgTech) sector. Based in Ames, Iowa, ASE was established through a collaborative effort involving Iowa State University, Sukup Manufacturing, and Kent Corporation. This unique foundational partnership provides startups with not only financial backing but also deep industry connections and academic expertise, positioning ASE as a key player in the Midwest's burgeoning AgTech ecosystem.

ASE's core mission revolves around identifying and nurturing promising AgTech entrepreneurs. They provide crucial early-stage capital, coupled with extensive mentorship and access to a robust network of industry experts, corporate partners, and seasoned advisors. Their investment strategy is designed to support startups through their initial growth phases, helping them refine their products, secure intellectual property, and develop viable business models. The typical initial investment from Ag Startup Engine ranges from $50,000 to $250,000, indicating a focus on pre-seed and seed-stage companies.

Since its inception, Ag Startup Engine has demonstrated significant growth and impact. The organization successfully raised its first fund, totaling $2.1 million, which was deployed to support a diverse portfolio of innovative AgTech ventures. Building on this success, ASE launched a second fund in 2021, with an ambitious target of $5 million, further solidifying its commitment to the sector. To date, ASE has invested in over 20 companies, contributing significantly to the development of new technologies aimed at improving agricultural efficiency, sustainability, and productivity. Their strategic location in the heart of the Corn Belt provides unparalleled access to agricultural insights and testing grounds, making them an attractive partner for AgTech innovators.