Ag venture group TechAccel invests $250K in research partnership
December 9, 2016 | Meghan LeVota
A new partnership will advance agricultural innovation in the state of Missouri.
TechAccel, a Kansas City-based technology and venture development firm, recently announced it will work with the Donald Danforth Plant Science Center, a St. Louis-based nonprofit research institute.
TechAccel will provide $250,000 in grants to the Danforth Center to help it demonstrate proof of concept and commercial feasibility with research projects affiliated with the research center. The two organizations will split returns on the technology they commercialize.
Founded in 2014, TechAccel specializes in ag and animal health technology. The firm invests in, sources and acquires early-stage innovations through collaborations with various institutions.
TechAccel CEO Michael Helmstetter said that the partnership is an important milestone for the company as well as the agricultural ecosystem.
“Agriculture research can and will change the world, but only if it has the backing to move from concept to proof to product,” Helmstetter said in a news release. “We bring capital coupled with science advancement to support that push to the finish line — the commercial market.”
The Danforth Center’s mission is to improve the human condition through plant science. Although the nonprofit has received grants in the past, the partnership with TechAccel marks the first grant specifically targeted at commercializing its innovations.
“The Path to Commercialization program provides a new tool for translating our discoveries into real-world solutions,” Danforth Center president James C. Carrington said in a release. “We look forward to seeing even more of the Danforth Center’s research delivering transformative products and technology to market.”
TechAccel participates in a similar research partnership with the University of California-Davis established in April 2016. As part of the Science Translation and Innovative Research program at UC-Davis, TechAccel invested $400,000 for grants to commercialize or prove out agriculture- and animal health-related innovations.
2016 Startups to Watch
stats here
Related Posts on Startland News
How one small town Missouri entrepreneur built a professional video business in a town of 10,000
Editor’s note: The following story was produced through a paid partnership with MOSourceLink, which boasts a mission to help entrepreneurs and small businesses across the state of Missouri grow and succeed by providing free, easy access to the help they need — when they need it. HARRISONVILLE, Missouri — Byron Brooks received his first video camera…
Ruby Jean’s founder juices up STL small biz accelerator as entrepreneur in residence
Chris Goode is sharing the fruits of his business success as the Ruby Jean’s Juicery founder takes on the apron of “entrepreneur in residence” for a Missouri program aimed at supporting Black and Latinx small businesses in St. Louis. In his role with the WEPower All-Industry Accelerator, Goode will guide 10 small businesses through a…
Your neighbors have stories you’ve never heard; this podcast duo is giving them the mic
Kansas City natives Jose “JL” Leon Jr. and Daniel “D.Rod” Rodriguez are on a mission to create community — not controversy — with a podcast showcasing untold stories of underrepresented leaders and entrepreneurs — people who contribute to the fabric of Kansas City, but don’t always make headlines. “The more you get to know someone, the…
M25 rankings: Startup hubs are slowing; why KC could be losing ground to Midwest neighbors
Kansas City’s startup scene is walking a fine line between flat and stagnant, said Victor Gutwein, teasing caution and other insights into KC’s No. 11 ranking — a position it’s held since 2022 — on M25’s latest Midwest startup cities list. “We’re seeing fewer startups (registered in our datasource Pitchbook) than we used to in Kansas…