Ag Startup Engine, in the Iowa State University Research Park, has announced an initial investment in Ames, Iowa-based Salin 247, a startup that is developing small-scale, light-weight, electric-powered, autonomous farm equipment.
We want to help growers improve the health of their soils and increase the profitability and sustainability of their farm operations, says Dave Krog, co-founder and CEO. Our platform for using smaller, lighter, less costly equipment in the field will help growers reduce soil compaction, lower capital and operating costs, increase asset utilization, alleviate labor issues, and contribute to a cleaner environment.
Autonomy as a solution for labor and a deliberate effort to preserve or improve soil health are important missions for agriculture, adds Executive Director Joel Harris. We look forward to seeing the results from Salins pilot program next spring.
We are thrilled to be a part of the Ag Startup Engine portfolio of innovative businesses, and we are excited about the chance to interact, learn, and grow within the ASE ecosystem, Krog says.
Salin 247 is currently developing their innovative farm equipment in tandem with select partners. For more information, go to www.salin247inc.com.
Ag Startup Engine was launched four years ago to help address two fundamental gaps that prevent agricultural startups and entrepreneurs from being more successful: early seed-stage investment and organized mentorship from successful entrepreneurs. With the programs second fund, their goal is to accept and invest in 45 agriculture and animal health startups in the next five years.