Tech Transfer eNews Blog

Irish start-up lands €1.3M to make food production safer and more sustainable

By Jesse Schwartz
Published: August 3rd, 2022

A joint venture from University College Dublin (UCD) and Trinity College Dublin (TCD) has landed a €1.3 million investment to create a safer and more sustainable food model.

CropBiome collects and analyzes microbes derived from wild plant species that are closely related to mass-produced wheat and other cereal crops. The microbes are used to create seed dressings, which coat the raw seeds of the mass-produced crops, reducing the need for protective chemicals and creating healthier crops as a result.

“Pressure is mounting on food producers across the world to move to a more sustainable food model,” says Sean Daly, CEO of CropBiome. “A key aim of the EU Farm to Fork Strategy is to reduce chemical use in agriculture — including fertilizers, fungicides, and pesticides. It also targets the reduction of nutrient losses by at least 50%, while ensuring that there is no deterioration in soil fertility. The European Commission has indicated that a reduction in fertilizer use of at least 20% by 2030 will be needed to achieve these targets across the EU. CropBiome’s product development and market entry strategy is aligned to help meet these targets.”

The €1.3 million funding round led by Halo Business Angel Network (HBAN) will help CropBiome grow its team, form industry partnerships, and launch trials.

“The funding from HBAN angels, as well as their guidance, has been strategically very important to us as we seek to grow our team and look ahead to Series A funding in 2024,” Daly adds. “Our funders have valuable in-depth industry knowledge and truly believe in our product and the real-world, environmental impact that it will have.”

Source:  EU-Startups

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