Vivent SA, the world’s leading provider of real-time crop monitoring services based on plant electrophysiology, announced their graduation from the 2022/2023 CDL-Rockies Agriculture stream of the Creative Destruction Lab (CDL) program in Alberta, Canada. Vivent uses machine learning to decode naturally occurring biosignals from crops to create actionable, real-time insights for agrochemical and other agtech business as well as for farmers. Vivent’s clients are able to determine the impact of their solutions on crop health prior to visual symptoms and to increase yields while reducing agronomic inputs, making agriculture more sustainable.
After being selected for the program from over 2200 applicant companies in September 2022, Vivent is among 21 ventures in the latest cohort to graduate. “Vivent emerged as a different company than when we started 8 months prior. Through the CDL network and the advice we received throughout the program, we now have a longer runway and clear path to our next major investment as well as more clarity around how our business will develop in the next 24 months” said Carrol Plummer, Vivent’s CEO & Co-Founder. “The depth of expertise and positive energy in the room at CDL is just remarkable: everyone from proven leaders who have built and managed major agtech businesses to visionary deep-tech investors and leading academic luminaries from plant science and AI. CDL gave us the chance to to sit down with many incredible thought leaders and gain insights and advice into how to build a massive agtech business.” said Nigel Wallbridge, Vivent’s Chairman & Co-Founder.
After completing CDL, Vivent now has their sights set on delivering a radically different way of quantitively measuring crop health to make agriculture more sustainable. “We are very excited to see how our clients are gaining new insights into difficult to monitor plant pathogens, like nematodes, how they are speeding up breeding of crops resilient in the face of climate change and how they are developing effective and environmentally preferable crop treatments”.
Vivent was founded by serial entrepreneurs Carrol Plummer and Dr. Nigel Wallbridge, who have now applied their information processing and telecommunication system skills to biological information networking, with an initial focus on crop monitoring. The pair have worked with leading agricultural institutes, universities, crop protection companies and growers to validate this innovative approach. Many growers benefit from real-time crop stress alerts which helps increase yields and encourages environmentally preferable crop protection solutions. Vivent’s focus is on providing services to accelerate agrochem development and demonstrate efficacy, specifically of biologically active products as well as on supporting sustainable production of crops in high-capital indoor growing operations and of high-value outdoor crops. More information is available at www.vivent.ch . Find Vivent on LinkedIn, Twitter
About Creative Destruction Lab
Creative Destruction Lab (CDL) is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies. Its nine-month program allows founders to learn from experienced entrepreneurs, increasing their likelihood of success.
Founded in 2012 by Professor Ajay Agrawal at the University of Toronto’s Rotman School of Management, the program has expanded to eleven sites across five countries: Oxford (Saïd Business School, University of Oxford), Paris (HEC Paris), Atlanta (Scheller College of Business, Georgia Institute of Technology), Madison (Wisconsin School of Business, University of Wisconsin-Madison), Seattle (University of Washington, Foster School of Business), Estonia (Delta Management School, University of Tartu). Vancouver (Sauder School of Business, University of British Columbia), Montreal (HEC Montréal), Calgary (Haskayne School of Business, University of Calgary), and Halifax (Rowe School of Business, Dalhousie University).
Since its inception, companies that have participated in the CDL program have created more than $28 billion (CAD) in equity value. CDL alumni include Ada (Toronto), Atomwise (San Francisco), Kyndi (Palo Alto), Xanadu (Toronto), Maple (Melbourne), BenchSci (Toronto), Kheiron (London), and Roadbotics (Pittsburgh).
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Carrol Plummer CEO Vivent SA