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
Their diagnoses were just the beginning: How tech app, community tap into co-founders’ own chronic illnesses
Startland News’ Startup Road Trip series explores innovative and uncommon ideas finding success in rural America and Midwestern startup hubs outside the Kansas City metro. This series is possible thanks to the Ewing Marion Kauffman Foundation, which leads a collaborative, nationwide effort to identify and remove large and small barriers to new business creation. WICHITA…
Just funded: Digital Sandbox KC starts new year with six new startups on its roster
Digital Sandbox KC’s latest round of startup funding reflects the emergence of more Kansas City-built, scalable tech in the new year, said Jill Meyer, announcing the fourth-quarter roster of companies bringing innovative ideas to life in the region. “These six companies demonstrate the creativity and diversity of our region’s technology founders and problem solvers,” said…
Merger alert: ‘Shark Tank’ star teams with Gary Fish, Fishtech to form new cybersecurity powerhouse
A merger announced today between award-winning cybersecurity solutions providers Fishtech Group and Herjavec Group will unite the companies as a single entity under a new brand to be announced in early 2022. The deal — backed by funds advised by Apax Partners LLP (The Apax Funds), which will hold a majority stake in the new…
Vegan spell falls over West Bottoms restaurant as this trio’s plant-based potions ring in a new year
Every witch needs a coven, said Olive Cooke, Sylvia Metta and Kim Conyers; so they conjured a community in the West Bottoms to serve their vegan bites. Cauldron Collective — a plant-based, comfort food venture co-founded by self-proclaimed “cooking witches” Cooke, Metta and Conyers in January 2021 — made its mark in Kansas City through…