News

RESEARCH TRIANGLE PARK, N.C.

Mar 2, 2017

RTP’s AgTech Accelerator launches first startup with $10 million in funding

AgTech Accelerator and its investors have agreed to provide $10 million in funding to launch its first startup, a fledgling fungicide company that has moved into its facility in Research Triangle Park.

The startup, Boragen, is developing a next-generation fungicide that aims to address the resistance that fungi develop to existing fungicides. Mixing Boragen’s fungicide with other products also would enable farmers to reduce the amount of chemicals applied per acre, said John Dombrosky, CEO of the AgTech Accelerator.

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ABOUT AGTECH ACCELERATOR

Agtech accelerator, established in 2016 in research triangle park, is a unique startup accelerator vehicle focused on discovering and developing emerging agricultural technology companies. Leveraging its single, highly engaged, shared management team, committed Investors and academic institutional partners, Agtech accelerator identifies, forms, finances and Manages the most promising emerging agriculture companies to drive commercialization.

For More information, visit www.agtechaccelerator.com.

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