Beyond Right Now Technologies, a graduate business from the NextFarm agricultural innovation cohort program, has just taken the next step toward realizing its dream.
Beyond Right Now was recently accepted as a participant in the Jumpstart Foundry 2014 cohort class. Similarly to NextFarm and NTEC, the JumpStart Foundry is a program that helps prospective entrepreneurs take their business idea and turn it into a tangible, successful product. Additionally, JumpStart helps its participants by granting access to seed funding, providing business advice and technical assistance for crafting products or services, strengthening business models, forming operations, and implementing marketing efforts for their businesses.
According to Kelley Boothe of Southernalpha.com, “Each summer, Jumpstart selects 10 startup teams to participate in its 14-week mentor-based cohort. Of the participants that do complete the program and go on to raise money, an average of $800K is raised per company. To date, Jumpstart Foundry companies have raised over $11M in follow on capital.”
Lead by founder Jake Gish of Hixson, TN, Beyond Right Now Technologies has developed high-tech sensors for drones to locate feral hogs for eradication, thus reducing the significant crop losses now being experienced by Tennessee Farmers. The drone takes the form of a small helicopter with sensors that relate data back to hog hunters.
Gish had this to say about the impact his team’s participation in the NextFarm accelerator has had on their business: “Being able to secure the spot was greatly enhanced from answering questions that were posed by (the NTEC Board) and the rest of the folks. The traction I gain when saying, ‘Our company was a graduate of the NextFarm cohort’ has been particularly helpful.”
More information about the JumpStart Foundry is available at www.jsf.co.