Anchorage Business, Vertical Harvest Hydroponics Wins $15,000 as Finalist in National Rural Entrepreneurship Competition
Anchorage, AK, October 5, 2016 – The American Farm Bureau Federation announced today that an Alaskan agriculture business is one of four finalists in the 2017 Farm Bureau Rural Entrepreneurship Challenge. The Farm Bureau Rural Entrepreneurship Challenge is the first national business competition focused exclusively on rural entrepreneurs working on food and agriculture businesses.
Vertical Harvest Hydroponics was one of 356 businesses around the nation competing for a piece of the $145,000 in available start-up funds.
Vertical Harvest Hydroponics designs and builds turnkey, hydroponic vegetable production facilities inside of 40’ insulated shipping containers. Engineered for the remote arctic environments, these systems allow produce to be grown 365 days a year, virtually eliminating the expensive and lengthy supply chain.
VHH competed against more than 350 other applicants around the nation in a difficult judging process to make it to the final four. They will be awarded $15,000 and an opportunity to try for Entrepreneur of the year and an additional $15,000 and People’s Choice with an additional $10,000 in funds.
The Farm Bureau Rural Entrepreneurship Challenge, now in its third year, is a “Shark Tank” like competition exclusively focused on food and agriculture businesses. This provides a way for rural entrepreneurs to get assistance with start-up funding which helps improve economies in rural communities and build a stronger agriculture industry.
Who is eligible? The applicant must be a for-profit company with a business idea for a food or agriculture business. This covers a wide range of ideas, including; ag technologies, agritourism, farmer’s markets, food hubs, farm-to-table ventures, support services, value-added products, etc.
Applicants must be a current Farm Bureau member; anyone who supports agriculture can be a farm bureau member.
2016 applications were reviewed through 2 rounds of judging by a panel to narrow it down to the top 10 – 6 semifinalists and 4 finalists. The four finalists continue on to a live competition event at the American Farm Bureau Federation Annual Convention January 6-11, 2017 in Phoenix, AZ where they are vying for Entrepreneur of the Year and People’s Choice.
About the Alaska Farm Bureau:
The Alaska Farm Bureau is a chapter of the America Farm Bureau Federation, an independent, non-governmental, voluntary organization governed by and representing farm and ranch families united for the purpose of analyzing their problems and formulating action to achieve educational improvement, economic opportunity and social advancement and, thereby, to promote the national well-being.
The Alaska Farm Bureau’s mission is to improve the economic well-being and expansion of agriculture and to enrich the quality of life for all Alaskans.
For more information go to: http://www.alaskafb.org.
Alaska Farm Bureau