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
This startup’s AI, Bluetooth tech could push traffic to businesses, boost equity when World Cup comes to KC
This spring’s NFL Draft served as a beta test for Kansas City’s implementation of Jonathan Ruiz’s bluetooth technology, he said, noting that the tech and data could help better prepare the city for the World Cup in 2026. “We wanted to start collecting this data for our partners in Kansas City’s Downtown and City Market,…
Rhinestone’d to RuPaul reality: Fan-turned-KC fashion icon shines with ‘Drag Race’ design
RuPaul may not know Whitney Manney’s name, but the “Drag Race” host is now acquainted with the Kansas City fashion designer’s work, she said. The owner of the KC-based WHITNEYMANNEY label had the “wild experience” of designing and constructing the trans-pride, “Troop Beverly Hills”-inspired entrance look for Monica Beverly Hillz for Season 8 of “RuPaul’s…
Emerging esports org sets sights on sustainability, says it’s leveling up with industry veterans
A new esports organization has hit the ground running — and winning — less than six months since its founding, according to its Kansas City co-founder. M80 is set up for sustained success not just because the organization’s Valorant and Rainbow Six teams already boast one championship apiece, Nate Schanker said, but also thanks to…
How a Bonner Springs-based design firm turned a napkin sketch into this state-of-the-art camper
Whether a user is 51,000 feet in the air, or traveling across the Rocky Mountains on a camping trip, Infusion Design is focused on designing spaces that perform at the highest level for what a person needs and desires, said Sean Elsner. The company was always meant to stand out from the competition, the Infusion…