$250,000 Grant Will Provide Capital to Advance and Commercialize Projects
TechAccel, a Kansas City-based technology and venture development company and the Donald Danforth Plant Science Center, a St. Louis-based not-for-profit research institute with a mission to improve the human condition through plant science, today announced a Path to Commercialization program with a primary goal of advancing and commercializing agricultural innovations from the laboratory into the marketplace. The strategic partnership will initially provide up to $250,000 in grants to demonstrate proof-of-concept or commercial feasibility studies with principal investigators at or affiliated with the Danforth Center.
“This partnership with the Danforth Center is an important milestone for TechAccel and the agriculture ecosystem,” said Michael Helmstetter, Ph.D., President and Chief Executive of TechAccel. “Agriculture research can and will change the world, but only if it has the backing to move from concept to proof to product. We bring capital coupled with science advancement to support that push to the finish line—the commercial market.”
Supported projects are expected to produce new assets—license-ready technology, processes or products, or new spin-off companies. Returns on program investments will be shared between TechAccel and the Danforth Center.
“The Path to Commercialization program provides a new tool for translating our discoveries into real-world solutions,” said James C. Carrington, Ph.D., president of the Danforth Center. “We look forward to seeing even more of the Danforth Center’s research delivering transformative products and technology to market.”
Competitive grants and contracts provide support for research projects, education and outreach, and some funding for equipment and facilities; however, this is the first grant specifically targeted to help commercialize innovation at the Danforth Center.
TechAccel sponsored the Meeting Place at the 2016 Animal Health Investment Forum, held at the Grand Ballroom at the KC Convention Center in Kansas City, Aug. 30, 2016.
TechAccel is a proud sponsor of the Ag Innovation Showcase, Sept. 12-14, in St. Louis. We will be presenting the University Showcase Special Content Session at 9 a.m. Wednesday, Sept. 14, with the Kauffman Foundation. We will spotlight early-stage innovations from six major research institutions: University of California-Davis, K-State University, University of Missouri, The Ohio State University, Purdue University, and the Donald Danforth Plant Science Center.