Liechtenstein Group Invests in PowerPollen To Unlock Potential for Major Food Crops
Summary
The Liechtenstein Group, known for its commitment to sustainable agriculture and innovative technologies, is leading a funding round of 22.5 million in the US company PowerPollen. Targeted pollination on demand reduces the need for male plant rows, leading to reduced land use, as well as lower water and resource consumption.In recent years, PowerPollen has proven its technology through successful partnerships with industry leaders, such as Bayer and Corteva for corn, and BASF for wheat, and underscores the value of leveraging scale-up innovation, like PowerPollen, to meet the worlds goals for more sustainable food production.For years, our technology has proven effective in corn and continues to demonstrate strong potential for applications in other crops. Traditional rice cultivation poses escalating environmental and economic risks, including groundwater depletion, methane emissions and labor challenges. For RiceTec, our rice seed company, the technology also has enormous potential to further increase the efficiency of this staple food crop for billions of people worldwide, said Johannes Meran, CEO of the Liechtenstein Group. Through RiceTec genetics and PowerPollens technology, we can unlock untapped efficiencies in hybrid rice production, setting the stage for a significant leap forward in global food security and climate change mitigation.This research collaboration will result in commercialization of PowerPollens technology for rice seed production by 2027.