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
Trees might fall, but this duo’s salvaged, custom hardwood pieces are crafted to stand the test of time
Jay Norris and Nick Bianco witnessed an unexpected sight when dropping off debris from the remodel of their KCK warehouse — a discovery that would add new rings of life to their budding custom hardwoods business. “We see a bulldozer pushing trees into the dump, and we were like, ‘What the heck is going on over…
New bobblehead set replicates one of KC’s most iconic museum experiences for Black History Month
A new collection of bobbleheads is calling attention to the impact made by legends of the Negro Leagues — and offering fans and local enthusiasts the opportunity to recreate a Kansas City historical attraction at home. “These are the first bobbleheads to replicate the iconic Field of Legends,” explained Phil Sklar, co-founder and CEO of the…
Kauffman grants $5.3M to AltCap to help those overlooked by lenders access capital
Editor’s note: The Ewing Marion Kauffman Foundation is a financial supporter of Startland News. A significant new grant from the Ewing Marion Kauffman Foundation is expected to help AltCap support the capitalization and administration of a fund that increases access to capital for entrepreneurs in distressed areas of Kansas City and for those whose credit applications…
Building a business is a lonely journey, says serial risk-taker; but access to resources can grow Black community, generational wealth
Editor’s note: SCORE is an advertiser with Startland News, though this report was produced independently by the nonprofit newsroom. Forget the fluff, said Isaac Collins. Kansas City’s SCORE Community Strategic Alliance (SCSA) is planning a KC Business Ecosystem for Black Entrepreneurs webinar that will leave attendees with constructive teachings that they can bring into today,…