WEST LAFAYETTE, Ind. — Purdue University-affiliated agricultural startups looking for early seed-stage funding to help with their plant sciences innovation can receive up to $100,000 through the Ag-celerator innovation fund.
A callout meeting and information session on Ag-celerator, a partnership between the Purdue University College of Agriculture and the Purdue Research Foundation, will be held 5:30 p.m. Sept. 14 at the Burton D. Morgan Center for Entrepreneurship in Purdue’s Discovery Park.
“This is a great opportunity for Purdue University students, faculty and alumni to receive funding to help move innovations through the commercialization process,” said Karen Plaut, interim dean of the College of Agriculture. “Ag-celerator also provides Purdue, Indiana’s land-grant university, with a chance to help advance innovation as the need to improve food productivity continues to increase.”
Ag-celerator, created in 2015, offers critical startup support for Purdue-affiliated innovators who want to commercialize intellectual property or Purdue “know-how” technologies that impact the life sciences, such as advancing crop traits, generating higher yields, using big data to improve farm management, finding new uses of plants, using precision agriculture and discovering advanced breeding techniques.
To be considered, innovators must complete an application form, provide a business concept description and pitch deck at Purdue Ventures. The application deadline is midnight Sept. 28 and semifinalists will be announced Oct. 5. Ag-celerator recipients will be announced on Dec. 19.
Ag-celerator seeks to help Purdue entrepreneurs, including students, faculty, alumni and others, build momentum that will put them in better position to gain customers, find development partners and obtain more investment funding.
Startups that receive funding must become active clients of the Purdue Foundry, an entrepreneurship and commercialization accelerator that will provide assistance.
— Purdue University