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RTPark Announces First Catalyst Fund Loan of $1.5 Million to AgTech Company Farmshelf Labs

Staff Consortium | November 21, 2022

The RTPark announced on Monday its first capacity-accelerating loan via its Catalyst Fund, enabling Brooklyn-based Farmshelf to establish an RTPark member entity, Farmshelf Labs, in the U.S. Virgin Islands. Farmshelf, which was provided with a $1.5 million loan from the Catalyst Fund, produces bookcase-sized, smart indoor farms that empower anyone to grow leafy greens, herbs and flowering crops wherever they live, work or eat, according to the RTPark. They are small enough to fit into a restaurant or home and powerful enough to provide pounds of fresh produce every week. Farmshelf is driving an evolution of the entire system of how communities grow and distribute fresh produce. “The Government of the Virgin Islands is excited about the opportunities that the RTPark’s Catalyst Fund provides to spur economic prosperity in the territory. We’re…

Five Emerging Technology Companies Selected to Participate…

Staff Consortium | November 14, 2022

The Research and Technology Park announced Monday that it has selected five startups to participate…

Roach Announces $5 Million in Federal Funding For…

Staff Consortium | November 11, 2022

Lieutenant Governor Tregenza Roach has announced that his office has received Community Development…

'The USVI is Full of Authentic Creativity,' Startup…

Elesha George | October 31, 2022

The Southern Equity and Startup Battle named its first winner in the U.S. Virgin Islands last week,…

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