Tech Transfer eNews Blog

U of Arizona start-up acquired for novel aquaculture technology

By Jesse Schwartz
Published: February 10th, 2021

A University of Arizona start-up has been acquired for its technology that helps the aquaculture industry identify and sort out which sea animals grow more quickly — a critical advantage in the aquaculture marketplace.

GenetiRate is based on the research of UArizona associate professor Benjamin Renquist, who developed a new assay that measures the metabolic rate of individual aquatic animals such as fish, mollusks and crustaceans.

“Dr. Renquist and his lab have developed important technology that we believe should be taken to the market for the benefit of the salmon and trout industries and beyond,” says Eric Schmitt of IMV Technologies, which recently acquired GenetiRate.

A leader in animal assisted reproduction biotechnologies, IMV will provide GenetiRate the foundation to rapidly expand its technologies to enhance production across the aquaculture industry.

“With similar customer bases and products and a shared focus on technology development, joining the IMV family was a natural fit,” says Renquist. “We look forward to developing technology to automate our selection process in most species.”

Doug Hockstad, assistant vice president of UArizona’s commercialization arm Tech Launch Arizona (TLA), comments, “IMV’s acquisition of GenetiRate is great news for the technology’s future, and a testament to the impactful research being undertaken at the University of Arizona. This is a great achievement for Dr. Renquist, and we look forward to working with him more in the future.”

Source: Tech Launch Arizona

Posted under: Tech Transfer e-News

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