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
1 Million Cups relocating back to Kauffman Foundation, renewing weekly meetup’s energy, sense of purpose
After more than six years connecting entrepreneurs in Midtown, 1 Million Cups Kansas City is returning to its roots — relocating the weekly event series April 9 to the Kauffman Foundation Conference Center where the now-coast-to-coast morning meetup series first percolated. Changing the brew for the Wednesday entrepreneur pitch showcase came from the same voices…
Why the Savannah Bananas founder is coming back to KC (with a tip of his hat to winning leadership styles)
Jesse Cole isn’t afraid to reimagine the way things are done in business, he shared, and his brand of Banana Ball is paying off. In the past nine years, the ringleader of the Savannah Bananas — baseball’s answer to the trick ball-handling and exhibition athleticism of the Harlem Globetrotters — has gone from selling his…
‘Never settle’: He started small, now Drue Stewart is bringing TikTok-famous food to former Westport Ale House
‘Bigger, better, crazier; Never settle; The building had a dark cloud but we are going to bring new life to it’ Less than a year after opening Holy Brunch KC in Westport — and one small expansion — Drue Stewart is making an enormous leap. He’ll go from 2,000-square-feet on one floor, to a 16,000-square-foot…
Great Jobs KC leaps closer to its $100M goal with massive grant to support adult financial stability
A just-announced $60 million investment by the Ewing Marion Kauffman Foundation marks a significant step in a Kansas City-based nonprofit’s plans to support 50,000 adults on their journeys toward financial stability, said Earl Martin Phalen. The grant to Great Jobs KC serves three priorities outlined within the Kauffman Foundation’s new grantmaking strategy: college access and…