Agrobiomics, a Danish agtech growing sustainable organic options for agriculture, has raised €4 million from NOON Ventures to convey essentially the most potent abiotic stress protectant, known as Fortify, to the market – making vegetation local weather resilient. An answer that may save greater than 100 million tons of CO2 yearly and save meals price as much as €90 billion.
Based in 2022 with a mission of constructing agriculture resilient to local weather change, Agrobiomics has developed a organic answer, Fortify, which might improve plant robustness towards climate-induced stress corresponding to drought and salinity. With monetary help from the BioInnovation Institute of €1.4 million, Agrobiomics’ answer has already proven a excessive influence on sustainable agriculture for securing world meals provide, and the corporate will now proceed to spend money on additional trials throughout completely different crops, i.e., soy, corn, and tomatoes, and throughout numerous geographies, i.e., Europe, North and South America, Asia, and Africa.
Ejner Bech Jensen, CEO of Agrobiomics, stated: “Up to now two years, our glorious staff has constructed Agrobiomics from scratch, validated the IP with sturdy subject outcomes, and attracted vital partnerships. Now we have been vastly helped by BII, that’s an incubator backed by the Novo basis. This implies we’re on monitor to assist farmers deal with challenges like drought and salinity, contributing to a big CO2 discount of greater than 100 million tons yearly, and probably even enabling soil reclamation. We goal to steer in BioAg, offering organic options for each abiotic and biotic stress, and aspire to interchange pesticides with our pure, steady Streptomyces metabolites.”
Immediately, world meals safety is threatened resulting from a number of local weather and geopolitical components, in addition to the provision and affordability of some crop inputs for farmers. Local weather change is accelerating the lack of world arable land accessible, by way of drought and salinity stress, and considerably lowering farming yields. In keeping with the USDA, drought and salinity situations have an effect estimated round € 90 B per 12 months in yield losses. Roughly 75% of the worldwide inhabitants shall be affected by drought by 2050, which necessitates the necessity for brand spanking new agricultural options that may allow farmers to develop extra for much less.
Agrobiomics’ expertise is derived from nature itself, tapping into hundreds of thousands of years of evolution. The unfair benefit is the unprecedented low dose wanted per hectare, which permits farmers to develop meals sustainably, reliably, and profitably.
Throughout numerous crops inside each broad acre and fruit and greens, Agrobiomics’ first product, Fortify, has proven a capability to extend yield considerably, whereas growing plant robustness underneath drought and salinity situations. For soy and corn, Agrobiomics have already progressed to subject trials and seen spectacular yield information. Moreover, the expertise is simple to combine in current agricultural practices, providing a real ‘plug-n-play’ options for farmers, making a market alternative for Fortify projected at greater than $2 billion.
Theis Malmborg, Associate at NOON Ventures, added: “The agricultural trade faces vital challenges to satisfy the necessities of a rising inhabitants, and the influence of climate-induced stress on our pure techniques is including to the urgent problems with the trade. Agrobiomics has the potential to turn into a key enabler in constructing a local weather resilient agricultural system with a organic answer that plugs immediately into current provide chain and agronomic practices. We’re proud to be backing the staff and look ahead to work along with them on advancing the expertise and produce its merchandise to the market.”
