TekWear Selected for Ag Accelerator Program

Jamie JohansenAgribusiness, Apps, Company Announcement, technology

Screen Shot 2014-10-16 at 4.50.43 PMTekWear, LLC is one of 11 ag technology start-up companies selected to participate in the premier three-month VilCap USA: Agriculture 2014 entrepreneurial development program in Louisville, Ky. The program supports early-stage ventures that increase agricultural resource efficiency and helps find business solutions to challenges facing farmers, ranchers, and rural, low-wealth populations.

Bruce Rasa, CEO and founder of TekWear, LLC, says being selected for VilCap USA: Agriculture 2014 is a tremendous opportunity to be exposed to and learn from the best business minds, investors, and industry experts in the country. Rasa and three core staff members will be participating in the three-month program, the 28th such program launched by Village Capital worldwide.

“Entrepreneurs who participate in this peer-review program receive the top-level business coaching and mentoring needed to take their companies to the next level,” Rasa explains. “Few business-development incubators in the country provide the intensive training and exposure VilCap USA does, or have shown the success this program has had in supporting early-stage agricultural technology ventures.”

TekWear, LLC, a leading developer of apps for wireless wearable devices used in agriculture, joins 10 other young ag venture companies all focused on finding, developing or marketing innovative products, or providing solutions to a wide variety of agricultural and food production challenges. In addition to the business development training, two participating businesses ranked highest by their peers will each receive a $50,000 investment from Village Capital and Radicle Capital. VilCap USA: Agriculture 2014 is part of the SOURCE Initiative, which is a nationwide partnership between Village Capital, The Hitachi Foundation, and Investors’ Circle. The program receives further support from the Blue Sky Network and VentureWell, as well as a powerful network of Kentucky-based mentors and advisors.