The Valley Ventures Accelerator at Fresno State is accepting applications through Aug. 1 for its third cohort to provide guidance on sales, marketing, distribution and venture capital for emerging companies in the water, agriculture and energy technology fields.
Eight to 12 companies will be selected to participate in three, two-day sessions starting in September. The fall session will culminate in November with an open-pitch demonstration to the public, industry members, campus faculty and staff and potential investors.
Participants will take part in exercises and learning modules led by professionals, investors, industry experts, successful entrepreneurs and target consumers. Guest speakers will also offer advice about the evolution of their successful companies at similar stages of customer and venture capital development.
“We look forward to continuing to attract a diverse group of new technologies,” project coordinator Benjamin Francis said. “The spring cohort showed great potential and included products and services that addressed problems such as renewable energy for disadvantaged communities, sustainable wastewater treatment, manufacturer equipment optimization and even a sustainable alternate protein farming method involving crickets.”
One company, HerdDogg, used the campus farm to test its dairy cow ear tag technology that is also found in 10 states and in Australia, Brazil and Norway. The unit sensor uploads physiological and GPS location data to the cloud so managers can better track and monitor health and activity throughout the dairy.
The company’s founder and CEO, Melissa Brandao, has worked the past decade on the development of specialty agriculture technologies. She also was the first woman to found an electric vehicle company and was one of 32 entrepreneurs and companies invited to participate in a White House Demo Day event in 2015.
“HerdDogg’s passion for animal welfare has helped the company enjoy a successful start, and is now looking to scale sales and increase its strategic activities with dairies throughout California,” Francis said. “HerdDogg utilized the Valley Ventures program to assist with improving sales, building a sales team and raising a second round of funding.”
Companies accepted into the program must demonstrate the potential to have regional and industry economic impact, along with the ability to improve the efficient use of scarce natural resources. Other evaluation criteria include commercial value, environmental impact, fundability, leadership, potential return, personnel skills and scalability.
In its first year, the program has helped 25 companies achieve $10 million in sales and attract $9 million in investment capital. Participating companies include founders from as nearby as Fresno and as far away as Chile, Brazil and South Korea, with many continuing to maintain business relationships throughout the Central Valley after the cohort.
The three-year accelerator program is coordinated by the International Center for Water Technology at Fresno State. Funding was made possible by a $500,000 federal grant through the Regional Innovation Strategies i6 Challenge and Seed Fund Support Grants competition and the BlueTechValley innovation cluster funded by the California Energy Commission.