Lincoln’s Quantified Ag, which uses lighted ear tags to track the health of cattle, is one of the Lincoln-based startups that has received investment from Invest Nebraska.
Lincoln Journal Star
A public-private partnership that works to help entrepreneurs and grow startups in Nebraska is one of 42 organizations receiving grants from the U.S. Department of Commerce.
The department on Wednesday announced more than $17 million in grants going to organizations ranging from nonprofits to universities to help commercialization programs and early stage seed capital funds.
Invest Nebraska received a $300,000 grant, which it will match will its own funds, to help with agriculture technology commercialization efforts.
Under the award, Invest Nebraska, in coordination with the Nebraska Department of Economic Development, the University of Nebraska and the private sector, will lead the efforts to develop an ag tech cluster development plan, conduct statewide education and outreach efforts with potential ag tech investors, and increase deal flow activity by providing operational assistance to Nebraska’s ag tech entrepreneurs and innovators.
“We are extremely honored to be the first organization in Nebraska to receive an award under the EDA’s Regional Innovation Strategies Program,” Dan Hoffman, CEO of Invest Nebraska, said in a news release.