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
One of KC’s top emerging founders joins cast of new reality TV show for startups; see who else is competing
Twenty startups picked to live in a house — competing in a series of entrepreneurship games for a reality TV show — could’ve been a nightmare, said Jonaie Johnson. But the bootstrapped creator of a KC-built smart dog crate was up for the challenge, she said. “Spending a week in a mansion with a bunch…
MTV veteran’s new docu-series crowns ‘greatest startup on The Blox,’ evolving reality TV beyond ‘messy’ sensationalism
The premiere of a 17-episode, gamified entrepreneurship challenge marks a pivot in reality TV — as “Shark Tank meets Top Chef” within a competition show that focuses more on startup development than sensational conflict. “We weren’t prepared to go down a ‘messy’ reality TV path, because we don’t want to exploit or hurt entrepreneurs. But,…
As book banning spreads across US, one KC media company calls out specific threat to diverse creators
The Kansas City publishing powerhouse behind many of the nation’s most-beloved newspaper comics — from Calvin & Hobbes and The Far Side to Garfield and Peanuts — this week raised its voice amid a growing push to condemn book bans flaring up across the country. “Books are safe harbors, where the freedom of expression and…
Torch.AI secures second acquisition in two months with more in its pipeline, revealing strategy to ‘turbocharge’ military intel
Leawood-based artificial intelligence firm Torch.AI recently expanded its team and capabilities through the acquisition of B23 — a Virginia-based data extraction software company, noted Adam Lurie, chief strategy officer of Torch.AI “Our belief is that the combination of Torch.AI’s software platform Nexus, alongside the subject matter expertise and customer capabilities of B23, will allow us…