(Posted Wed. Oct 29th, 2014)
The National Agricultural Genotyping Center and Ag Innovation Development Group signed a Memorandum of Understanding stating the parties will work together to accelerate the commercialization of agricultural technology. The technologies created will increase farm production, improve sustainability and increase income.
“Partnerships like this are important to the economic future of American farmers,” said Richard Vierling, Ph.D., director of research for NCGA. “We need to attract more money into agricultural startups. Vetting technology through NAGC will help identify commercially viable technologies and lower the risk for investors.”
NAGC, a non-profit initiative founded by the National Corn Growers Association and Los Alamos National Laboratory, will provide research and testing services to both public and private researchers. The center will translate scientific discoveries into solutions for production agriculture, food safety, functional foods, bioenergy and national security.
The partnership developed as AgIDC focuses on commercializing early stage innovations. AgIDC identifies and protects novel technology, forms startup companies and takes an active role in management.
"Ag Innovation Development Group was founded to help increase the efficiency of commercializing university research in the agricultural sector to benefit farmers," said Ag Innovation Development Group CEO Pete Nelson. “A core part of this mission is to partner with farm organizations and their commercialization efforts. The partnership with NAGC will allow us to achieve this mission and ultimately grow more startup companies in the agricultural sector.”