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AgNavigator News
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French agtech company Elicit Plant is seeing rising demand for its water-saving crop resilience technology as heatwaves and drought intensify globally. Using a proprietary phytosterol-based spray, the company claims its products improve water-use efficiency and yields in broadacre crops, with field trials showing yield gains over one tonne per hectare and water savings of 17% to 30%. Elicit Plant recently raised €45 million to accelerate international growth, expanded to 16 countries, and established partnerships with major agricultural firms. CEO Jean-François Duchamp expects demand for such resilience technologies to grow as weather volatility increases.
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Has biotech company IMIO cracked the code on biological reliability with a freeze-drying process?
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PJ Amini of Leaps by Bayer sees the agtech sector entering a new growth phase, driven by a new generation of biological crop-protection start-ups that are overcoming previous challenges in efficacy and economics. Start-up founders are demonstrating increased resilience and strategic thinking, aided by experienced advisers, as investment conditions begin to improve. Innovations like RNAi-based solutions and higher commodity prices are making agricultural innovation more commercially viable, while growing investor interest and new exit opportunities signal a more robust and optimistic future for the industry.
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