Nebraska-based Corral Technologies was the grand prize winner of $25,000 at a business pitch competition hosted by the College of Business.
[Lincoln, Nebraska]: Corral, a startup developing livestock grazing technology, was a grand prize winner at the University of Nebraska-Lincoln's Business Pitch Event, the New Venture Competition. Over fifty teams competed in the New Venture Competition that was held virtually on April 12-13, 2021. Four finalists walked away with an investment, but Corral Technologies took home the grand prize of $25,000.
This investment is a major milestone for Corral on its mission to assist ranchers in moving cattle remotely, increasing pasture utilization and virtual fencing. The funds will assist Corral in applying for the Nebraska Innovation Fund Prototype Grant. This is a grant by the Nebraska Department of Economic Development to assist companies in developing models to accurately test their products.
“These funds will help our team push development forward at a faster rate, so we can get our product to market sooner and help ranchers everywhere live an easier, more profitable life,” said Jack Keating, Co-Founder of Corral.
Jack is currently a senior at the University of Nebraska-Lincoln in the College of Engineering. He saw the opportunity to start Corral Technologies after realizing the amount of time and labor it requires to effectively rotationally graze cattle on his family’s ranch in Atkinson, Nebraska. Jack plans to work on Corral full-time when he graduates from the University this May.
This news comes in the wake of many recent initiatives and accomplishments of the company, including receiving the 2021 LaunchLNK Grant from the Lincoln Partnership for Economic Development. The LaunchLNK Grant helps startups get established and grow in Lincoln by providing funding, resources, and opportunities.
Corral is currently accepting pre-orders and has built partnerships with several cattle operations across the Midwest.
To learn more about Corral Technologies, click here https://www.corraltech.com/
Current cattle producer decisions on stocking and carrying capacity are based on limited financial knowledge which is often constrained by the labor needed to move and re-adjust physical fencing in the pasture. Corral is exploring how improved pasture management through software can lead to improved animal health while reducing manual labor.
Jack Keating, Co-Founder
About Invest Nebraska
Invest Nebraska is a private, non-profit statewide venture development organization focused on high-growth companies in Nebraska and growing the state’s entrepreneurial economy. Invest Nebraska works directly with entrepreneurs, researchers, and companies to help commercialize their technologies, launch and grow new businesses, and access needed capital. Invest Nebraska’s Combine Incubator is a statewide initiative focused on supporting high-growth agri-food entrepreneurs through mentoring, commercialization support, physical incubation space on Nebraska's Innovation Campus, and a network of supporting farmers and ranchers across the state.