A WORLD-CLASS TECHNOLOGY ENTERPRISE
In a dynamic entrepreneurial community, top research talent creates and licenses intellectual property for partners looking for market-ready technology. Purdue Agriculture is laying the foundation for a world-class enterprise through entrepreneurship programs and a venture studio.
DIGITAL INNOVATION IN AGRI-FOOD SYSTEMS LABORATORY (DIAL)
Society increasingly seeks better connectivity between food and agriculture to create a more transparent, resilient, safe and healthy food supply. Yet, the industry lags behind in the adoption of digital technologies that would greatly bridge the gap between consumers and producers. As part of the Purdue Applied Research Institute, the College of Agriculture is forming a venture studio called the Digital Innovation in Agri-food Systems Lab (DIAL) focused on creating startup companies that innovate digital technologies to improve connectivity in the food and agriculture system.
A $2 million innovation fund was created in 2015 by the College of Agriculture and the Purdue Research Foundation to support the commercialization of technologies to benefit agriculture. Ag-Celerator helps Purdue entrepreneurs build momentum to put them in a stronger position to gain customers, find development partners and obtain investment funding.
Purdue students, faculty and alumni can receive up to $100,000 per semester on a competitive basis.
The fund is operated by the Purdue Foundry, with assistance from the Purdue College of Agriculture, Purdue Research Foundation’s Office of Technology and Commercialization, and the agricultural industry.
Recipients of the Ag-Celerator investment program include:
- Phicrobe LLC
- AkanoCure Pharmaceuticals Inc.
- VinSense LLC
- Progeny Drone Inc.
- JUA Technologies International LLC
- Ongenia LLC
- Karyosoft LLC
- Rogo Ag LLC
- LeafSpec AgTech
For most Americans, higher prices at the grocery store did not impact their Fourth of July cookout, but more consumers are looking for sales and switching to generics, according to the Consumer Food Insights Report.
Gen Z households are struggling more to put food on the table compared to those of Millennials, Gen X and Boomers, according to the Consumer Food Insights report.