$2M Ag-celerator innovation fund

Uncategorized | Thursday, December 10th, 2015

WEST LAFAYETTE, Ind. – Purdue University College of Agriculture and Purdue Research Foundation officials announced Thursday (Dec. 10) a $2 million fund to help launch startups based on Purdue plant sciences innovations focused on advancing crop traits and generating higher yields.

The plant sciences innovation fund, supported through the Purdue Moves initiative, is called the “Ag-celerator.” The fund is designed to provide critical startup support for Purdue innovators who wish to commercialize patented intellectual property or Purdue “know-how” technologies in plant sciences, including areas of research in crop optimization, hybrid and seed development, and precision agriculture. The fund is a joint project of the Purdue College of Agriculture, the Purdue Research Foundation Office of Technology Commercialization and the Purdue Foundry, a startup hub in the Burton D. Morgan Center for Entrepreneurship.

“Purdue’s commercialization of innovations in plant-based agriculture is imperative to sustainably feed the projected 9 billion people on our planet by 2050,” said Jay Akridge, Glenn W. Sample Dean of Purdue Agriculture. “The Ag-celerator fund will be a driving force to provide faculty, staff and student innovators with the resources they need to move their innovations to the farm and to the broader public, making technology available to address our food security challenge.”

The Ag-celerator program also will support two entrepreneur-in-residence positions in the Purdue Foundry who will work directly with Purdue innovators to help commercialize innovations in plant sciences. Daryl Starr will begin work immediately and Kay Kuenker will join in early 2016…Read more

Writer: Cynthia Sequin, 765-588-3340, casequin@prf.org

Sources: Jay Akridge, 765-494-8391, akridge@purdue.edu

Karen Plaut, 765-494-8362, kplaut@purdue.edu

John Hanak, 765-588-5255, jmhanak@prf.org

Source: http://www.purdue.edu/newsroom/releases/2015/Q4/purdue-2-million-fund-created-to-launch-plant-sciences-startups.html

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