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
Retro-inspired activewear brought this stay-at-home mom out of isolation; why it’s go-go time for Molly Heise’s budding business
Molly Heise’s earliest memories go back to playing marbles on her great-grandma’s avocado-colored shag carpet, captivated by the various floral patterns that surrounded her, she recalled. Today, those memories inspire her personal style and activewear line, GoGoBloom. “I’ve loved the retro style for as long as I can remember,” she shared. “But in the past…
They fought to end Lee’s Summit’s neon ban; now they’re relighting a grinning, spinning Katz face in KC
How a Lee’s Summit duo is reviving eye-catching signs of KC’s past The iconic face of Katz Drug Store — the famed retail operation that grew from the streets of Kansas City to eventually become CVS — is set to return to its hometown thanks, in part, to a pair of unlikely neon sign restorationists. …
PlaBook to compete for $1M in prizes at world’s largest pitch competition for edtech startups
Fresh off its selection to Pipeline’s latest fellowship, a Kansas City edtech startup is now set to compete at The Elite 200 as a semifinalist in The GSV Cup — representing top pre-seed and seed stage startups in digital learning across the “Pre-K to Gray” space. KC-based PlaBook is set to vie for $1 million…
C2FO closes $140M funding round amid record growth, expanded focus on underserved companies
Editor’s note: C2FO is a financial supporter of Startland News’ nonprofit newsroom. Kansas City fintech powerhouse C2FO grows best when it’s accelerating access to capital for those traditionally underserved by the banking industry, said Sandy Kemper, announcing a $140 million funding round for the Leawood-based company. Led by Third Point Ventures — a multi-stage investor…