Curated News
By: NewsRamp Editorial Staff
April 30, 2024
Liechtenstein Group Leads €22.5M Funding in PowerPollen for Sustainable Agriculture
TLDR
- Investing in PowerPollen gives the Liechtenstein Group a competitive advantage in sustainable agriculture and global food security.
- PowerPollen's technology collects, preserves, and applies pollen on-demand, ensuring better pollination and higher crop yields.
- PowerPollen's technology contributes to sustainable agriculture and global food security, offering a contemporary solution to challenges in commodity crops.
- PowerPollen's on-demand pollination technology promises significant improvements in crop yield and global food security, making it a breakthrough in modern farming practices.
Impact - Why it Matters
The development of PowerPollen's pollination technology, supported by the Liechtenstein Group, has the potential to significantly increase crop yields, reduce resource consumption in agriculture, and contribute to global food security. Additionally, the joint venture for rice pollination technology could lead to more efficient rice production, benefiting billions of people worldwide.
Summary
The Liechtenstein Group, known for its commitment to sustainable agriculture, is leading a funding round of €22.5 million in the US company PowerPollen. PowerPollen has developed a unique pollination technology that promises significantly better pollination and higher crop yields. This technology collects and preserves pollen from male plants, then applies it on-demand, reducing the need for male plant rows and leading to reduced land use and lower resource consumption.
The Liechtenstein Group has also established a joint venture with PowerPollen, PowerPollen Rice, focusing on the development and commercialization of the pollination technology for rice. This collaboration will result in the commercialization of PowerPollen’s technology for rice seed production by 2027.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Liechtenstein Group Leads €22.5M Funding in PowerPollen for Sustainable Agriculture
