As a kid from Ohio that went to Purdue University and then worked for DuPont, Frank Klemens’ career has taken a trendline path to his role at Big Idea Ventures today. He joins this week to walk through their General Rural Partners Fund, taking innovation from university shelves and creating new companies in one of our country’s most untapped resources: rural communities. 

How does Frank and his team match innovation to the right community? Frank talks customers driving outcomes, the importance of corporate partnerships and the growing list of universities partnering with the firm to create new companies. He also dives into trends in IP across food and agriculture – including cellular meats, bio-based materials and animal management – that are creating a better rural America.  

Looking ahead, how do you create technical companies in rural America that also attract investment? Frank talks about Big Idea Ventures’ secret sauce, making food and ag an investment clear of confusion and their call to the rest of venture capital: come join us, we welcome your competition and it’s necessary to feed a growing world, sustainably. 

From major companies to startups, one thing holds true from Amazon Web Services: they start with the customer in mind and work backwards. This week, we are joined by an agtech veteran and now the company’s Head of Worldwide Business, Agriculture, Elizabeth Fastiggi. She dives into their service across the whole value chain, how companies use AWS and the role of artificial intelligence (AI) in its stages of early adoption. 

Elizabeth also talks new applications and ensuring innovation is accessible. She talks Amazon’s Project Kuiper to increase global broadband access, providing service to early customers by the end of 2024 and agriculture’s opportunity to be in the midst of the early customer base.  

As an environmental science major, did she ever think she’d be here? Elizabeth gets into spotting the opportunities to make a difference using innovation and how she sees the future of agtech. 

Doing good by doing well – it's a concept the AgriNovus Indiana team embraced when the HungerTech Innovation Challenge was launched. Three years later, it’s still going strong; and new solutions are hitting the market that better connect food supply with food demand. 

The 2024 HungerTech tasks innovators with developing market-driven tech models that ensure increased and equitable food distribution that is both environmentally sustainable and economically viable. The winning team will receive $25,000 to help accelerate commercialization of their solution. 

Solutions could find, but are not limited to, opportunities for innovation in the following areas: 

• Infrastructure - current critical inefficiencies exist in capturing, managing and redirecting surplus food from points of excess – such as producers and retailers – to communities grappling with food insecurity (this is exacerbated for perishable goods). 
• Forecasting - deployment of tools for accurately forecasting the production of surplus food and quantifying demand from food-insecure populations have significant deficiencies. 
• Preservation - there are shortfalls in current food preservation technologies to prolong shelf life of perishables without detracting nutritional value or safety. 

Registration to join this year’s HungerTech Innovation Challenge closes March 12. Learn more and connect with Geoff at agrinovusindiana.com/hungertech. 

What exactly is the microbiome? And why is it important when it comes to animal health – both in livestock and pets? All those questions and more get answered this week as we are joined by Aaron Schacht, CEO, and Eric Bonabeau, CTO, of BiomEdit. They talk the role of artificial intelligence (AI) in microbiome science, the intersection of human and animal health and new partnerships paving the way for the acceleration of innovation. 

From collaborative partnerships with Nutreco and funding from The Bill and Melinda Gates Foundation, what’s ahead for BiomEdit? Aaron and Eric get into new challenges, leveraging the microbiome to reduce methane emissions in cattle and taking advantage of studying things in animals that can be translated to humans. 

We are bringing you something new with this episode: a look back at February’s news in agbioscience including Elanco’s sale of their aqua business, a new partnership between Corteva and John Deere, Indiana as a top ag state and the current operating environment for the farmer.   

Show Notes: 

QUADRANT is coming 3/6. Register here: https://agrinovusindiana.com/quadrant/ 

HungerTech Innovation Challenge registration closes 3/12: https://agrinovusindiana.com/hungertech/ 

Kristen Owen, Oppenheimer + Co. Episode: https://podcasts.apple.com/us/podcast/bonus-ai-moving-from-hype-to-help/id1412179095?i=1000641950597 

We are days away from guidance from the federal government on how it will calculate the carbon intensity of corn production for ethanol and how that will impact farmers, ethanol producers and the economy at large. Kevin Summers, North American Carbon Sustainability Lead for Trimble, joins us to talk about the Wild West that is the current carbon market structure and Trimble’s Connected Climate Exchange as a voice of reason platform in it all.  

Originally launched in Canada, Kevin talks through CCE’s 5 million tons of ag carbon offsets, the $50 million dollars for Canadian farmers and how Trimble plans to roll this program out in the United States. From data security to education, he also talks about the challenges of carbon markets today and their potential for growers and CPG companies in the future.  

In the launch of Connected Climate Exchange, what has Trimble learned? Kevin says it’s about keeping the grower first in mind, connecting sellers and buyers in the marketplace and continuing to tell the story of its measured impact on the climate. 

Today’s guest is an entrepreneur who got her skills in organizing business systems where any young talent might consider learning efficiency: the Chick-fil-a drive-thru. Sarah Hinkley, CEO of Barn Owl Precision Ag, actually helped to build the fast-food chain’s drive-thru system as we know it today (alongside her brother). Watching a major company leverage technology to solve problems really inspired Sarah and from that, a company was born. 

Sarah gets into Barn Owl’s inception, creating new innovation to supplement a massive labor problem and listening to what growers need today, tomorrow and what would be nice in the future. She dives into how a Barn Owl robot functions and what factors are driving the need for more agility on-farm. As a serial minded entrepreneur, Sarah also provides insight into launching an idea into a business, creating solutions to problems and making a difference through your work (even when it hurts).  

Ryan Priest is no stranger to hard work and servant leadership, assets that have been integral to his role as COO at Premier Ag Cooperative today. And as someone that has done many jobs – from welding to executive leadership – he identified a problem that needed a new, fresh idea to solve: developing an emerging workforce that’s equipped with the tools to understand farmers, the broader agbioscience economy and the technical knowledge required to be successful in the industry. 

Ag equipment today has more in common with an airplane than a pickup truck and there is an under-appreciated level of knowledge required to operate this machinery. Ryan talks about Premier’s cutting-edge work-based training program with Ivy Tech designed for workers to better understand and function in high-tech agriculture. He notes the ripple effect of talent starting in the program and learning more about the industry, and the earning potential for someone in the program. 

Mitch Frazier recently joined Ryan’s podcast, The High Ground, which can be heard here.

Matt Bechdol fell into a class on remote sensing during his time as a student at Indiana University and what was initially a requirement for environmental science turned into a love affair. Specifically, he fell in love with the intersection of business, agriculture, technology and the environment – close to the definition of agbioscience, right? That love took him to graduate school, an ag research gig at NASA and ultimately becoming the CEO of GRYFN in 2019. 

GRYFN focuses on remote sensing and spatial data to help automate business processes and bring objectivity to time-intensive, human work like plant breeding. Matt gets into the question they’re always asking: what else? From defense to oceanography, he talks about a creating a wide swath of tools to create multiple insights that solve problems across different industries. 

As a CEO, Matt gives us his entrepreneurial leadership lessons, too. He talks about providing clarity on your value proposition, pricing discipline, knowing what you’re good at and hitting base hits rather than home runs.  

Listen to Matt’s past episode of Agbioscience here: https://podcasts.apple.com/us/podcast/episode-30-asking-new-questions-on-using-big-data-in-ag/id1412179095?i=1000433274065 

Telling the real story behind agbioscience innovation and what’s happening on farms requires a willingness to bravely sit at tables where you might be misunderstood. Michelle Miller, The Farm Babe, found seats at those tables over a decade ago and has become one of the most influential voices and advocates for modern, high-tech agriculture. From The Today Show to Forbes and People Magazine, Michelle has been breaking myths about where our food comes from and helping consumers better connect to their food through her moniker – The Farm Babe. 

But her advocacy wasn’t always on behalf of the farmer. Michelle talks about her time on Rodeo Drive, her once belief in the misinformation surrounding agriculture and how life changes also changed her mindset. Whether it’s biotech or artificial intelligence (AI), she talks about how she’s approached those topics with consumers – hint: it starts with empathy for those who are trying to learn more.  

What excites Michelle about the future of agbioscience and modern agriculture? From animal health to plant science, she talks about the future of our food and how farmers will continue to do more with less.