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
Roo-Up with pulled pork or bite into Big Salvy: Ding Dong Dogs debuts at KC Streetcar’s mouthwatering last stop
Matt McLain longed for the hot dogs he grew up eating as a young baseball fan in Chicago. His just-off-the-roller, quick-serve hot dog restaurant near UMKC and the extended KC Streetcar line squirts a dinger of nostalgia in an emerging destination known for elevated fare. It’s an opportunity McLain relishes, the Ding Dong Dogs owner…
Beach volleyball heavyweights, Olympians hitting KC sand for George Brett showdown
Serial entrepreneur Lance Windholz hopes a high-profile weekend beach volleyball tournament — showcasing 24 professional players, including seven Olympians — will encourage more Kansas City athletes and enthusiasts to dig the sport he loves. The George Brett 4v4 Volleyball Showdown arrives Saturday, Sept. 13, at Shawnee Mission Beach Volleyball. Two amateur teams are set to compete…
KC-built AI command center helps businesses gain superpowers without losing their tech stack
First envisioned as an AI-powered agent built to streamline operations at Kansas City-based Plexpod’s coworking spaces, Intuidy has evolved into its own operating system; one that is transforming the way companies operate, co-founder Grayson Smith said. Vantage — Intuidy’s flagship platform launched in early 2024 with the help of Smith’s brother, Gentry — is a…
Peek inside: This new coworking space on Troost opens doors to belonging (and a rooftop view)
A search for new office space turned into a bigger opportunity to connect for founder Jeff Wagner, who launched Belong Space as a coworking community within a resurgent hub along Troost. Its mission is in the name. “It’s very difficult to find office space that’s in a qualified HUBZone neighborhood,” said Wagner, founder and CEO…