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
How Kansas City’s new airport terminal became a sprawling art gallery for 28 diverse creatives
Every major milestone in Kathy Minhsin Liao’s life has been marked by travel, she shared, making airports synonymous with transition. “My [art]work at the new terminal is called ‘Hello and Goodbye,’ and it touches on my personal experience of the fluidity of travel. When you’re at the airport, you’re in that limbo space of thinking…
$2M in federal funds secured for Disney’s forgotten ‘cradle of Hollywood animation’ in KC
A decades-long effort to redevelop Walt Disney’s original Laugh-O-gram animation studios at 31st and Forest, along the Troost corridor, will receive $2 million in federal funding, as officially announced last week by Congressman Emanuel Cleaver II. The influx of funding should generate “momentum” to raise the remaining money needed to complete the project, said Gary…
KC’s Westside neighborhood awarded $1M from feds to reconnect community split by I-35
A newly announced $1 million grant is expected to help reestablish a Kansas City neighborhood that was cut off from itself and opportunity thanks to past transportation infrastructure decisions — part of a $1 billion plan to right what many call a decades-long wrong largely perpetrated against historic communities of color. In a first round…
‘Work to support our innovators is never done’: NXTUS leadership transition follows massive impact expansion
WICHITA — NXTUS, a nonprofit working to connect startup founders with community resources, capital and customers, on Tuesday announced a top-level leadership change while celebrating milestones in the rollout of its work to help innovators and entrepreneurs grow “companies of significance” in Kansas. Mary Beth Jarvis, who joined Wichita-based NXTUS as executive director in August 2019,…