SwineTech was one of 10 startups chosen and will spend the next 16 weeks working with mentors to accelerate its business development, including three weeks at Dogpatch Labs in Dublin, Ireland. Dogpatch Labs is a startup hub that offers mentors with expertise in various areas including investment and international expansion strategies.
At the end of the program, all 10 startups will pitch their companies at the ONE: The Alltech Ideas Conference. Now in its 35th year, the annual international conference will be held in Lexington, Kentucky from May 19–21 and will welcome more than 4,000 agriculture industry leaders from over 70 countries.
“The SwineTech team saw a lot of value in the opportunity to be a part of an accelerator that focuses on growth stage companies. It is an entire different experience from past accelerators that we have been a part of, and they really challenge you to take everything to the next level,” said Matthew Rooda, CEO and founder of SwineTech Said. “We also saw a lot of value in having the opportunity to collaborate with Alltech and its many great leaders. The accelerator has already helped introduce us to large producers in the US that are looking to improve survivability.”
More than 250 applications from 43 countries were sent in for the 2019 cohort. SwineTech is the first Iowa-based company to be accepted into the program.
Last October, SwineTech raised $1.5 million to allow them to begin to expand their product into other states and countries. The company’s product, SmartGuard, was named one of the top 3 new products showcased at the Iowa Pork Congress in January.
SwineTech is currently raising $5M in funding to support its growth throughout North America, Rooda told Clay & Milk.
SwineTech raises $1.5 million -Oct. 23, 2018
SwineTech is using artificial intelligence to save piglets -Sept. 13, 2018