Announcements

Job offersmore »



Tweeting Growers

Top 5 - yesterday

Top 5 - last week

Top 5 - last month

Exchange ratesmore »




US (NC): AgTech Accelerator announces first investment

AgTech Accelerator, a startup incubator focused on agricultural technology companies, revealed Boragen Inc. as its first investment on Thursday — making it the first company to set up shop inside the new Research Triangle Park-based startup hub.

AgTech Accelerator launched last year in RTP as part of Alexandria Real Estate Equities’ broader plan for the Alexandria Center for Science, Technology and Agriculture, which is planned to be built out in phases over the next decade and encompass one million square feet of space on Davis Drive.

Boragen, which creates fungicides aimed at mitigating pest resistance, starts at AgTech Accelerator having completed a $10 million financing round with a group of investors brought together by the accelerator. The investors participating in Boragen’s financing include: Alexandria Venture Investments, Bayer, the Bill & Melinda Gates Foundation, Hatteras Venture Partners, Pappas Capital and Syngenta Ventures, among others.

The chemical technology that Boragen uses is licensed from The Pennsylvania State University, where researchers had been creating products to reduce fungicide resistance and the total amount of chemicals applied per acre on farms.

Read more at The Herald-Sun

Publication date: 3/10/2017

 


 

Other news in this sector:

5/22/2017 Beekenkamp breaks ground for second phase of new Dutch propagation facility
5/22/2017 Success of 'cana-business' relies on efficient commercial greenhouse technology
5/19/2017 ChemChina completes first payment in Syngenta takeover
5/19/2017 Interruption to Serres Toundra’s cucumber production
5/19/2017 Syngenta appoints leaders for North American seeds business
5/18/2017 Belgium: Concerns about misuse of young coir materials
5/18/2017 Dow and DuPont receive conditional approval for merger in Brazil
5/18/2017 Ridder Drive Systems opens new warehouse, expands production
5/18/2017 Canada: Consistent gross margins for Bevo
5/18/2017 US: Farm Bureau urges support for bills leveling sales tax
5/17/2017 Photo Report: More international visitors at Macfrut, Italy
5/17/2017 US: David Friedman to lead Lighting Science horticulture division
5/17/2017 US: Hartung Brothers to acquire Syngenta operations in Hawaii
5/17/2017 Board of Directors announced for DowDuPont
5/17/2017 Canada: Aphria triples production capacity
5/15/2017 How we should go about selecting a greenhouse?
5/15/2017 US: Census of Agriculture countdown begins
5/12/2017 UK: Tesco to sell small lettuce to prevent food waste
5/12/2017 Egypt awards contract for 205 hectares to Spain
5/12/2017 This is how your stone wool slabs are made