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
Call it ‘Swiftonomics’ in KC: Win or lose, Taylor Swift brought a smile to more than just Travis Kelce this season
Editor’s note: The following story was published by KCUR, Kansas City’s NPR member station, and a fellow member of the KC Media Collective. Click here to read the original story or here to sign up for KCUR’s email newsletter. The Economic Development Corporation of Kansas City estimates that Taylor Swift’s Eras Tour this summer had an economic impact of $200…
Combating fight or flight: KC nonprofit deploys horses for veterans struggling to get back in the civilian saddle
Horses taught Patrick Benson to feel again after serving in the military, he shared. Now he extends that experience to his fellow combat veterans through a nonprofit based on a rural Johnson County farm. “Working with challenging horses that are struggling with their purpose, too; to find direction; we needed the same thing,” Benson explained…
PBS docuseries puts KC creator at the intersection food and ‘transformational travel’
Food travel is about more than getting the most exotic or expensive social media-worthy photo of a meal to share for superficial clout, said Jim Kane, emphasizing the transformation power of connection when someone truly allows themselves to use food as a lens for understanding culture. “Before the pandemic, there were a lot of checklists…
A misstep ended their ‘Squid Game’ run together; the business of their friendship keeps moving
While not everything on reality TV is 100 percent … well, real, the bond between “Squid Game: The Challenge” competitors Stephen Lomas and Chase Higgins is anything but scripted, the Kansas City duo said. Longtime friends and business partners — the two previously co-founded Let’s Get Moving, a social media savvy moving company that gained…