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
Are You Ready For It? J. Rieger partners with KC TikToker for Eras Tour pop-up ahead of Taylor Swift concert weekend
Calling all the argumentative, antithetical dream Swifties — J. Rieger & Co. is welcoming Taylor Swift fans to its Electric Park Garden Bar for a pre-concert weekend celebration. “The dedication that people have for Taylor Swift’s concert has been incredible to see,” said Sarah James, director of hospitality at J. Rieger & Co. “We love…
This Kansas gardener is suing for the right to sell honey and fruit from her Ottawa yard
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. Ellen Finnerty dreams of beekeeping and of supplementing the income from her warehouse job by selling products from her garden. OTTAWA,…
They called her ‘Buckwheat’ as a child; Her genre-blending new film flips the script on preconceived narratives
Jamie Addison’s production company aims to expose realities not often explored in mainstream media or society, the Kansas City filmmaker said, particularly as they reveal truths that have been hidden to create misleading or outright false narratives around gender, race and social norms. “Let’s take back the power and identity and love ourselves; truly feel…
Married puppeteers had a hand in reviving iconic Mr. Rogers characters for film; now they’ve returned to KC (with their studio)
Puppeteers are often anonymous, but Spencer Lott — and his wife and business partner, Grace Townley — are stepping into the spotlight to start their own creative studio, they shared. The Lawrence-based couple — who built the puppets used in the Tom Hanks film “A Beautiful Day in the Neighborhood” about the life of TV’s…