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
Black Drip plans OctoberFest showcase to give KC a taste of overlooked small businesses
Black Drip Coffee’s OctoberFest is an extension of Charon Thompson’s passion for helping his fellow entrepreneurs, he shared. The free event — now in its third year — aims to bring together coffee enthusiasts, music lovers, and foodies in a vibrant atmosphere that showcases local small business owners. Festivities are set for 2 p.m. to…
Startup ambassadors’ pitch to former Kansas Citians: Move your innovation, hustle Back2KC
Kansas City is having a moment, said Liam Reilly, and it’s an opportunity he and fellow Back2KC organizers couldn’t pass up — reviving the tech talent recruitment program amid Chiefs glory, downtown baseball district buzz, KC Streetcar expansion, riverfront revitalization, and a World Cup on the horizon. “We didn’t want to wait another year to…
Fueled by $15M, MTC releases plan for boosting entrepreneurs: Here’s how KC is already seeing impact
JEFFERSON CITY, Missouri — Increased funding for the Missouri Technology Corporation will keep core support programs healthy through 2024, as well as help expand successful pilot initiatives designed to widen economic opportunity in the Show Me State, MTC officials said Tuesday. Among the new efforts gaining extended life through the announcement of MTC’s FY 2024 strategy…
This Kansas gardener sued to sell fruit and honey; Now her town will allow urban farming
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. Ottawa city officials are trying to strike a balance between people who want to produce food and the interests of their…