By Joseph Harvey
Animal Pharm News
April 11, 2016
US investment firm Technology Acceleration Partners (TechAccel) is partnering with the University of California, Davis, to fuel agricultural innovation.
Through the collaboration, TechAccel will invest up to $400,000 in the UC Davis STAIR-Plus Program, which is a grant initiative for projects that have already successfully progressed through the STAIR Grant scheme.
Technologies eligible for the STAIR Grant program and TechAccel's funding are limited to the animal health, agricultural and food sciences sectors. All funding recipients will be UC Davis researchers.
The funding is designed to help researchers "demonstrate early proof-of-concept and commercial feasibility for technologies being developed with the intent of commercial translation", said TechAccel.
TechAccel will initially fund up to four projects with as much as $100,000 each. Program graduates from the STAIR-Plus initiative are also eligible for the TechAccel Emerging Company investments, which can exceed $1 million.
Kansas-based TechAccel was launched in 2014 to fund opportunities in the animal health, agriculture and food ingredient markets. To date, the firm has partnered with 15 leading agriculture and animal health universities in the US and internationally. TechAccel is yet to seal its first investment in the animal health space but has been active with other agricultural funding. Reprinted with permission of Animal Pharm News