November 28, 2016, Fort Wayne, Indiana
Innovative Livestock Group Forms to Disrupt $1.4 Trillion Livestock Industry
Innovators are disruptors. Innovative Livestock Group, LLC (ILG), a new company formed by local entrepreneur Brent Davis and Northeast Indiana Innovation Center, intends to disrupt. Livestock systems are a significant global asset with a value of at least $1.4 trillion. It is one of the fastest growing agriculture subsectors in developing countries. The growth is driven by increasing demand for livestock products, population growth, urbanization, and increasing incomes. Despite advances in animal genetics and breeding technologies, most breeding livestock and genetics are still sold by auction. The business model has not advanced with the technology.
“We co-founded this new company with a local entrepreneur, because we believe in innovation and the individuals who drive innovation to make a difference. Brent Davis is one of those individuals. In this information age, the biggest challenge to the livestock systems is information, getting the right information to the right person at the right time. Innovative Livestock Group was formed to do that—to provide an efficient, digital means for how business is conducted in this industry through the use of proprietary technology. This was developed through collaboration with NIIC client Cirrus ABS,” said Karl R. LaPan, President and CEO, Northeast Indiana Innovation Center. Elevate Ventures also provided $25,000 funding for Innovative Livestock Group formation.
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