Bioenteprise has partnered with Agricultural Credit Corporation to offer up-front funding for people trying to launch agriculture technology businesses.
Access to timely capital is often the difference between a project moving forward or being delayed, Bioenterprise said in a news release announcing the partnership.
Many funding programs require matching funds for eligibility. This can create a barrier to moving forward, even for strong projects, it said.
Credit will be available for startup costs, to provide cash flow during the business launch and to provide matching funds required to access some government programs.
Agricultural Credit Corporation is best known for providing cash advances to farmers to cover costs until crops are harvested and sold.
