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The two investors have each committed A$8m to the first fund raised by Tenacious Ventures, billed as Australia’s first agtech-focused venture capital fund.
The California start-up’s product launch will be led by its fall armyworm pheromone, which has spread from the Americas to Asia and Africa.
The Ferment Fund will exclusively support companies that have been spun out from Ginkgo and will benefit from full access to the company’s platform for cell programming.
Chief scientist Yaakov Nahmias says the start-up’s methodology means it only takes 14 days to produce cultured chicken or beef, whether it is producing 1kg or 1 tonne of meat.
Head of venture capital at the Cibus Fund Alastair Cooper says the firm believes synthetic pheromones have the best chance of replacing traditional chemical insecticides.
MoA Technology is trying to discover a weedkilling approach that has a new ‘mode of action’ compared with every other chemical weedkiller on the market.
Hazel Technologies and Cambridge Crops have pioneered methods for extending the shelf life of fruit and veg.
poultry
Animal nutrition-focused company's chief executive says private equity firms are investigating opportunities to combine varied food and agtech investments.
A huge amount of alternative data sources have emerged, but the industry needs to assist official agencies with collection and analysis.
The crop chemicals company had been reluctant to enter the cannabis market without relevant expertise, says chief executive Han Chen.
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