RH Accelerator and OAFT form strategic alliance to support innovative agri-food companies
LONDON-BASED RH Accelerator Inc. and OAFT (Ontario Agri-Food Technologies), located in Guelph, have announced the formation of a strategic alliance to share resources and create synergy to support early stage innovative companies.
RH Accelerator Inc. is a privately held company that makes long-term investments in early stage innovation companies. OAFT is a not-for-profit ag-tech accelerator comprised of members from grower associations, academia, industry and government.
According to a release from RH Accelerator, both organizations recognize the opportunity and need to foster innovation in the agriculture and food sector. Using their combined knowledge and entrepreneurial expertise, the organizations are aiming to play a more meaningful role as they scale up and activate the ecosystem of high potential companies and investors.
“We are excited about adding OAFT’s 23 years of knowledge, network and reputation to our founder programming already being delivered to the RHA companies,“ said Joe Dales, co-founder at RH Accelerator Inc. “While RH Accelerator is a relatively young company, we have made almost 20 investments and our new private virtual community has grown to over 500 members ― founders, mentors, investors and business professionals.”
RH Accelerator Inc. is currently raising a private RHA fund with accredited investors using the Angelist.co system to make future seed round investments in additional early stage innovative companies.
Tyler Whale, president at OAFT, added, “We are looking forward to working with the experienced RH Accelerator team to expand our impact and enable more companies to gain access to needed resources such as financing, highly accomplished mentoring, deep business intelligence and expanded networks in our collaboration with RH Accelerator. The combined resources will significantly improve the growth prospects and probability of success for early stage innovators.”