Climate-Smart Agriculture Challenge Opens to Fuel Innovation

Agri-food investment and innovation platform SVG Ventures|THRIVE and energy company Shell have partnered to launch the Climate Smart Agriculture Challenge, an initiative focused on identifying and supporting innovators leading the global transformation to decarbonise the agricultural sector.

Eligible participants in the Climate Smart Agriculture Challenge will propose new technologies and solutions with the potential to significantly reduce emissions in the agricultural sector.

Relevant technological solutions include:

  • Solutions that promote carbon sequestration and avoid emissions while improving soil health;
  • Solutions to improve farm connectivity through advanced farm management systems to provide access to carbon markets and carbon finance; and
  • Solutions that measure and quantify soil carbon, soil health and greenhouse gas emissions.

You can get involved in the challenge Here.

Shell plans to use THRIVE’s expansive global ecosystem of startups and corporate partners during the competition, and challenge finalists will pitch their ideas to a panel of THRIVE and Shell experts in March 2023. At least one winner will be selected and receive up to 100,000 USD in seed funding to develop a proof of concept of their solution.

In addition to seed funding, winners will join the Shell GameChanger accelerator in 2023. Winners of this challenge will also gain brand recognition through THRIVE media channels, and selected applicants will be placed into the award-winning THRIVE Accelerator program in 2024. In addition, Shell will explore opportunities for relevant participants to pilot their technology within Shell’s operations.

Decarbonising the agricultural sector is essential given its position at the nexus of food security, energy use and climate. Research in the agricultural sector is a focus of Shell’s nature-based solutions business, which works to invest in, protect and improve natural ecosystems that sequester carbon dioxide emissions, benefit local communities and enhance biodiversity. More sustainable agricultural practices and agricultural techniques that store carbon in the soil can reduce emissions and have the potential to generate high-quality carbon offset credits.

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