SugaROx has been selected by Innovate UK to enter its Global Incubator Programme which includes participation in the AGTECH ACCELERATOR in Canada. The accelerator supports the growth of agri-tech start-ups built to solve global problems and was founded by Cultivator powered by Conexus (Cultivator), Emmertech, and Economic Development Regina (EDR).
Biostimulants are emerging as one of the most promising solutions to help farmers improve the productivity, resilience, and sustainability of cropping systems, and demand for these products has been growing at nearly 12% CAGR.
SugaROx is bringing a precision technology to a market dominated by products that are ‘soups of ingredients’. Whilst most biostimulants deliver 2-5% yield gains, UK field trials show that the SugaROx approach has potential to deliver yield gains of up to 22% on wheat.
‘Our secret lies in using a single active ingredient (AI) whose mode of action is well understood’, says Bianca Forte, Business Development Director at SugaROx. ‘Our AI is inspired by a natural molecule found in all plants, so our potential for growth is huge’.
Participation in the AGTECH ACCELERATOR comes at a perfect time for SugaROx. The venture has recently secured some private equity and non-dilutive funding to expand wheat trials internationally and launch work on four other crops in the UK and abroad.
‘Through the AGTECH ACCELERATOR, our goal is to connect high-growth companies from Canada and the UK with 1M acres and agricultural producers and experts across our country’, says Jordan McFarlen, Incubator Manager at Cultivator powered by Conexus. ‘Our 2022 cohort has already raised over $30M in private capital, and we expect similar successes from this new cohort’.
The AGTECH ACCELERATOR starts on Monday and is packed with interactions with experts who will help the selected ventures develop plans to engage effectively with market opportunities in Canada and beyond. If you are interested in the development and commercialisation of innovative biostimulants, reach out to Bianca Forte on LinkedIn.