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
EquipmentShare nonprofit’s holiday-time gift: No-cost mammograms for 50 community members
COLUMBIA, Missouri — An employee-led foundation affiliated with one of Missouri’s top startups is helping offer free mammogram sessions for up to 50 uninsured individuals in the Boone County area where rapidly-scaling EquipmentShare calls home. The holiday-timed give-back is a partnership between the EquipmentShare Foundation, the Columbia/Boone County Health Department and JCB, the world’s largest…
HERImpact $50K pitch competition returning March 8; Here’s how KC women entrepreneurs can apply
Women business owners and social entrepreneurs in Kansas City are encouraged to compete this spring for up to $50,000 in a Shark Tank-style funding event aimed at investing in women’s ambitions to start and scale local businesses. “Expanding access to capital and mentorship is critical to women’s success as they start their own businesses,” said…
Startland enters new chapter with leadership transition, momentum for news, education programs
A leadership change at Startland is an opportunity for growth within the organization’s dual marquee programs — both of which have evolved rapidly since their inception as ecosystem-building efforts in Kansas City, the organization’s interim CEO said. Business operations for Startland News and its sister program, Startland Education, are now being steered by the two…
2023 Startups to Watch: CryptoSlam sorts out junk NFTs to show real value of digital assets
Editor’s note: Startland News selected 10 Kansas City scaling businesses to spotlight for its annual Startups to Watch list. Now in its eighth year, this feature recognizes founders and startups that editors believe will make some of the biggest news in the coming 12 months. The following is one of 2023’s companies. Click here to…