SVG Ventures/THRIVE and NEC X Collaborate to Advance Agricultural Development

SVG Ventures|THRIVE and NEC X's partnership expand agtech ventures in agriculture.

FREMONT, CA: "NEC and NEC X can bring unique technologies, resources, and scale to the agriculture industry," said John Hartnett, CEO and Founder of SVG Ventures|THRIVE. "We are delighted to partner with NEC X to provide new opportunities for entrepreneurs in THRIVE's ecosystem and jointly innovate to advance the future of food and agriculture."

SVG Ventures|THRIVE and NEC X revealed their partnership that is set to connect agtech entrepreneurial ecosystems and NEC X venture-building capabilities. The partners will identify opportunities for new ventures in agriculture and accelerate the development of the resulting ventures from NEC X. They will initially focus on North America to accelerate venture development.

"At NEC X, we recognize the growing importance of the agriculture and food industry in addressing global challenges such as climate change and a growing population," said Shintaro Matsumoto, president, and CEO, NEC X. "That's why we're committed to driving innovation in this sector, leveraging our expertise in cutting-edge technologies such as AI/ML, sensors and data analytics technology. By partnering with THRIVE, we're excited to support entrepreneurs in this space and jointly innovate to advance the future of agriculture and food."

The partnership introduces Thrive's pre-seed Academy programs and comprehensive founder database to provide access to top-tier, sector-focused entrepreneurial talent. NEC X can access the platform's strategic industry insights and collaborate with THRIVE portfolio companies and corporate partners on exclusive ecosystem activities.

Agritech venture will benefit from NEC X's expertise in technologies such as AI and ML sensor technology, data analytics, and cloud computing. Agricultural entrepreneurs can implement advanced solutions like precision agriculture, automated farming systems, crop monitoring, and predictive analytics to optimize production and resource management.