Report: Nebraska heading for venture capital record
The fund seeks to make “seed” investments in a number of agricultural technology companies not only in Nebraska but across the Midwest over the next five years. Start-up investments target early stage companies, and they typically represent the first round of outward investment from people who have no connection with a company or its founders.
“We have built a strong group of people from the front lines of agriculture in the Midwest who are eager to provide advice and be the first clients, advisors and mentors of these entrepreneurs,” said Mike Jung, other director. of Burlington Capital Ag-Venture. Director and CEO of Burlington Capital International.
Seven Lincoln companies are on the Inc. 5000 list
The fund plans to partner with many local, regional and national agricultural technology accelerators and incubators. One of these partnerships, with The Combine, the AgTech incubator of Invest Nebraska at the Nebraska Innovation Campus, has already borne fruit.
Williamson said Burlington Capital Ag-Venture has invested in two The Combine-based companies, Birds Eye Robotics and Marble Technologies.
Birds Eye, which was once called Dynamic Motion, is an original idea by Scott Niewohner of Herman. He developed a robot capable of breaking up litter and eliminating dead birds in large henhouses.
The company said the seed funding, the amount of which was not disclosed, will be used to complete several third-generation versions of its poultry keeper robot so that they can be deployed in pilot programs with producers. .