202418 Mar

WINNERS ANNOUNCED: UPL CORP LEADS US$1.75M INVESTMENT IN BIOLOGICAL AG-TECH INNOVATORS

Summary

We look forward to accelerating our sustainable insect control solutions towards the global market in a new phase for the company and enhancing this with industry support and global networks provided by UPL Corp and Radicle Growth".Impetus Ag, an ag-tech company developing biological insect control solutions with the effectiveness of legacy chemical methods, was selected as the runner-up for creating novel proteins that bind naturally occurring toxins to targeted pests. "Mike Frank, CEO of UPL Corp., said: "Were committed to expanding access to sustainable solutions as a route to shaping healthy, productive, and climate-positive food systems. Through this investment and our ongoing support, were excited to work with SOLASTA Bio and Impetus Ag to develop their biological innovations and deliver real-world impacts for farmers, food chains, and the planet. We have been so inspired by the biological solutions on display at the Pitch Day Event, and we are deeply proud that the Radicle Challenge continues to serve as a leading platform for driving global deal flow and funding the most impressive technologies across the food value chain. Their proprietary platform is one of a kind in the ag and food industry, filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives.

Source: Prnewswire

Funding

$750K
Amount
Mar 18 2024
Date
-
Investor
Impetus Agriculture
Company

Classifications

Companies