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Volume 1, 2016
 
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We specialize in helping farmers, entrepreneurs, and existing businesses
commercialize, license, or sell their ag-technology inventions.

Highlights from our First Year

 

Since opening our doors a year ago, the Incubator has been involved in verifying the viability of a number of new ag-technologies, including data analysis using drone imagery, a greenhouse watering system, ethanol production machinery, engine systems, and harvesting and processing equipment.  Three inventors signed client agreements with the Incubator, and agreements with two more inventors are being developed.  In addition to these five clients, the Incubator has been contacted by 35 other farmers and entrepreneurs.  Of these, eight intend to apply to the Incubator, 14 have made inquiries about services, and 13 have been referred to other partner incubators or agencies that matched their needs.

Steps to Becoming an Incubator Client

 

Once a farmer or an entrepreneur makes the decision to seek assistance from the Incubator, there are three basic steps they must take in order to become an Incubator client.  This process begins with the completion of an application and a meeting with staff to discuss the product, eligibility, and business needs.   Then, an Incubator Engagement Agreement is signed.  Once the Agreement is signed, a 90 day verification process occurs.  This involves clients working with Incubator staff to determine the ability to protect intellectual property, evaluate market size and potential, and assess profitability.  Once the overall viability of the invention is verified, Incubator staff will work side by side with clients through each step of the commercialization process.

Thank You to our Public & Private Sector Sponsors

 
Incubator sponsors have provided $575,000 in contributions for Incubator operations. These sponsors are local, regional and statewide businesses and organizations which have a strong interest in agriculture. They provide financial and technical support that are integral to the success of the Incubator and its clients.  Because this is the Incubator’s inaugural edition of our newsletter, the Incubator Board of Directors would like to express their wholehearted appreciation for all of the current sponsors and their help in getting the Incubator operational in 2015.  In future editions of the newsletter, this section will feature a different sponsor by focusing on their role in the Incubator, the reason they chose to become a sponsor, and the invaluable services they provide to clients.
To visit sponsor websites, click on the logos below:

Ag-Technology in the News

 
Tips & Tools:

There comes a time in the lives of most growing businesses when audited financial statements become necessary or desirable. Click "Full Article" for 10 things to consider as you prepare your business for its first audit. Full Article
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Board of Directors:
Kurt Brauer, Chair  
Jennifer Owens, Vice Chair 
Mark Schmidt, Secretary 
Dan Lennon, Treasurer  
Jim Byrum  
Don Disselkoen     
Ben Geiger       
Loren Koeman
Larry Kooiker   
Merle Langeland 
Cliff Meeuwsen    
 

Partner, Warner Norcross & Judd, LLP
President, Lakeshore Advantage
Founder, BizStream
President and CEO, Michigan Turkey Producers
President, Michigan Agri-Business Association
Ottawa County Commissioner
Barry County Commissioner
President, The Koeman Group
President and Owner, Agritek Industries, Inc
President, Ottawa County Farm Bureau
President, Zeeland Farm Services
Contact us:
616.738.4852
info@agtechincubator.com
http://www.agtechincubator.com/

Our mailing address is:
Great Lakes Ag Tech Business Incubator
12220 Fillmore St Room 260
West Olive, MI 49460

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