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
Bank partners with Porter House to give out more than hugs; Meet four latest KC grant recipients
Cameron Martin understands the importance of scaling deep into the community that inspired his journey and first fed the business he built with his wife, Tameisha, he said. The co-owners of Love is Key — a waffle-centric brunch restaurant and catering concept in the former Soulcentricitea space on Troost Avenue — were awarded a $15,000…
Cannabis biz expected to grow like a weed after MO voters light recreational marijuana
Tuesday’s vote in favor of recreational marijuana in Missouri shows Kansas City’s obvious appetite for legalization, said Michael Wilson, whose cannabis startup sees a vast new market opened by the election outcome. Statewide, Missouri poll-goers this week approved the high-profile constitutional amendment with 53.1 percent of the more than 2 million votes cast. In Kansas…
New $2.2M funding round powers WorkTorch career platform expansion into KCK, KCMO
Less than a year after sisters Deborah Gladney and Angela Muhwezi-Hall became the first Black women in Kansas to raise $1 million in seed funding for their startup, their rebranded Wichita company announced another $2.2 million investment for its rapidly scaling service industry career platform. The new influx of funding — led by Wichita-based Tenzing Capital…
Meet three tech startup founders pitching in KC’s women-led ‘Dolphin Tank’ event
A pitch event is set to return to Kansas City with a trio of female founders spotlighted for a panel of “dolphins.” “Springboard’s Dolphin Tank brings the power of our collective community to women entrepreneurs innovating in enterprise tech,” said Natalie Buford-Young, CEO of Springboard Enterprises. “Our Dolphin Tank events showcase exciting women-led companies and…