By Scout Nelson
Nebraska is rapidly becoming a central hub for agricultural technology, reflecting its leadership in innovation and strategic development.
A recent symposium at Nebraska Innovation Campus, part of the Heuermann Lecture series, showcased this progression, emphasizing the state's strong position in the ag tech landscape.
Panel discussions highlighted the advantages Nebraska offers, including a plethora of startups, an increase in ag-focused venture capital, and significant strategic investments.
“One of the key factors for our company’s success is being in the heartland of agriculture,” remarked Jordyn Bader from Marble Technologies. This sentiment is shared across the state's ag tech community, emphasizing Nebraska's unique position as a powerhouse in the field.
The symposium also showcased how past challenges have shaped current strategies. For example, early ag tech ventures faltered due to a lack of foundational agricultural knowledge, predominantly when led by coastal entities.
Mike Jung of Grit Road Partners pointed out, "That history shows that a solid understanding of agriculture is imperative for successful ag tech ventures," underscoring the benefits of Nebraska's deep agricultural roots.
The Combine has raised $15.5 million and supported 28 companies since 2019, fostering growth through innovations like machine learning in meat processing, advanced crop imagery, and robotic safety improvements in grain management by Grain Weevil.
The University of Nebraska–Lincoln plans to enhance startup support through a new business accelerator. This initiative aims to transform USDA research into viable business opportunities, amplifying the state’s impact on ag tech globally. Mike Boehm described the new accelerator as “The Combine on steroids.”
These developments signify a vibrant future for Nebraska's ag tech sector. As Yung from Grit Road Partners noted, the state has seen a dramatic shift in venture capital interest since 2021, highlighting a broader recognition of Nebraska's crucial role in reshaping agricultural technology.
The panelists acknowledged challenges in the startup ecosystem, such as regulatory uncertainties and corporate engagement, but with support from institutions like the Engler Agribusiness Entrepreneurship Program and strategic investments, Nebraska's ag tech sector is poised for success.
Photo Credit: university-of-nebraska-animal-science
Categories: Nebraska, Business, Education