ProGrid Ventures Inc. and AVAC Ltd have established a strategic alliance to evaluate early stage agri-food ventures, using the well-tested ProGrid evaluation methodology. The technical and market readiness of a wide range of agricultural value added products, including functional foods, nutracueticals and various health-related products, have been assessed using ProGrid. Details of applying this methodology will be discussed at a conference entitled Moving the Markets: Profiting from the Growth of Food and Agri-Tech Companies in Toronto on December 5th, 2000.ProGrid tools have enabled investors in technology-intensive ventures to evaluate across the innovation continuum up to the point of commercial launch, including