Editor's note: The role of Rev1 Ventures has been clarified in this story.
A new partnership could boost Ohio’s food and agriculture industry.
Tom Walker is the CEO of Rev1. He hopes the partnership will highlight food innovation in Ohio and draw in early-stage companies to work with Smucker.
“The food and ag-science market has been growing over the past five years, especially if you track the amount of venture capital investment across the country in those sectors. It’s really been on a growth spurt. I think this is an opportunity for Ohio to once again stand above other states and other regions and to be a leader in this industry.”
Walker says Rev1 will search the nation for innovative startups and potentially invest in them, while working with Smucker to develop and grow those companies.