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AgTech Navigator News
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Rainbow Crops, a spin-off from Belgium's VIB institute, leverages genome editing, AI, and precision breeding to develop climate-resilient and high-yield crop varieties. Recently funded by a $7m Gates Foundation grant, the company aims to enhance crops like corn, sorghum, and rice, by combining CRISPR gene editing with AI for targeted genetic improvements. By partnering with seed companies, Rainbow Crops licenses its innovations, focusing on long-term revenue through milestone payments and royalties, while benefiting from eased European regulations on genomic techniques.
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Discussions at the World Agri-Tech Innovation Summit focused on volatility, AI, new funding models, and more.
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Xinomavro Ventures, founded by Guillaume de Pracomtal and Greg Letort, aims to integrate new technologies into the traditional wine industry, bringing a Silicon Valley mindset to viticulture. As vineyards face challenges like water scarcity and labour shortages, Xinomavro invests in start-ups such as Saga Robotics and RootWave, which focus on reducing pesticide use and exploring sustainable practices. The fund targets technologies that can be scaled globally, viewing the wine industry as a gateway to broader agricultural innovation.