Research Foundation News

August 31, 2017

Ag-celerator fund to provide up to $100,000 for Purdue agriculture startups; callout meeting is Sept. 14

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.

About Purdue Foundry

The Purdue Foundry is an entrepreneurship and commercialization accelerator in Discovery Park's Burton D. Morgan Center for Entrepreneurship whose professionals help Purdue innovators create startups. Managed by the Purdue Research Foundation, the Purdue Foundry was named a top recipient at the 2016 Innovation and Economic Prosperity Universities Designation and Awards Program by the Association of Public and Land-grant Universities for its work in entrepreneurship. For more information about funding and investment opportunities in startups based on a Purdue innovation, contact the Purdue Foundry at foundry@prf.org.

Purdue Research Foundation contact: Tom Coyne, 765-588-1044, tjcoyne@prf.org 

Sources:
Karen Plaut, 765-494-8391, kplaut@purdue.edu

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


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