Commissioner Weathers: ACRE’s Entrepreneurship Center

SC Ag Commissioner Hugh Weathers talks about SCDA’s new initiative, the Agribusiness Center for Research and Entrepreneurship.

  • As many dedicated listeners know I have been excited to announce ACRE and ACRE’s Entrepreneurship Center (EC)
  • ACRE’s Entrepreneurship Center is launching its Entrepreneur applications today March 5th
  • The Agribusiness Center for Research and Entrepreneurship (ACRE), a new initiative of the South Carolina Department of Agriculture (SCDA)
  • The hope is to connect entrepreneurs with new opportunities in agriculture, agriculture research and agribusiness in order to strengthen the state’s economy, particularly in rural counties
  • The ACRE Entrepreneurship Center seeks the most innovative and forward thinkers in South Carolina agribusiness for participation in an Entrepreneurship Program
  • EC is looking for companies and products it can help position in the marketplace through a collaborative effort
  • Applicants selected to participate in the EC Program could receive up to $25,000 for their company or product and/or access to a network of mentors, grant writing consultants and investors
  • This program is going to be a collaborative partnership between the EC and the accepted entrepreneurs
  • Only applications that are agribusiness related will be accepted
  • The application released today is for Track 1
  • Track 1 is for agribusiness entrepreneurs who are ready to launch their product or process into the marketplace but need investors and/or mentors
  • Track 1 participants are required to have a business plan and must have a prototype or sales history for the company or product for which they have applied
  • Track 2, which will be potentially rolled out later this year, is a curriculum program for beginning innovators who have a great idea for a new product or process but don’t have experience in business.
  • We are very hopeful and excited for ACRE’s Entrepreneurship Center and the impact that will have on agriculture and agribusiness in South Carolina. I am looking forward to sharing more information with you on the next segment