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
TikTok’s favorite moving company pivots to full-time influencer business, growing LGM Boys brand
Kansas City’s highest rated moving company has packed up its operations. The group of friends who started the business — Let’s Get Moving — made the strategic move to pivot their venture to full-time digital content creation. “We started a moving business to help make money to allow us to do what we wanted to…
Teens team with MADE MOBB to raise funds in KC’s Northeast; their tee to support the unhoused was just a start
Vu Nguyen considers MADE MOBB to be a creative hub, he shared. Two of the latest collaborators with Crossroads-based streetwear brand are students at Ryogoku Soccer Academy. “Everybody’s invited,” said Nguyen, who co-founded MADE MOBB — one of Startland News’ Kansas City Startups to Watch in 2023 — in 2013 and owns the business alongside…
Marcell Coffee owners launching ‘Take Care’ retail concept, OLEO brand in Crossroads
The roasting minds behind a successful Kansas City wholesale coffee operation are switching business blends — planning a Crossroads storefront anchored by a new, retail-only coffee brand. Christopher Oppenhuis and Mark Sappington, the founders and owners of the wholesale roasting company Marcell Coffee, are preparing for the fall opening of their first retail concept, “Take…
High-fee crypto ATMs center around low-income parts of KC: Why it’s so hard to cash out
Editor’s note: This story was originally published by The Kansas City Beacon, a member of the KC Media Collective, which also includes Startland News, KCUR 89.3, American Public Square, Kansas City PBS/Flatland, and Missouri Business Alert. Click here to read the original story from The Kansas City Beacon, an online news outlet focused on local, in-depth journalism…