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Friday, June 24, 2016

DuPont, Bayer Launch Agriculture Startup Venture

DuPont, Bayer AG, the venture capital firm Finistere Ventures, along with two others have launched a $15-million accelerator fund known as Radicle that will back startup agriculture technology companies. Pro Farmer’s First Thing Today reports that many companies have jumped into the billion dollar agriculture-tech startup industry, hoping to profit from increasingly sophisticated tools regarding seed traits, weather sensors and unmanned aerial vehicles, among other technologies. For Bayer and DuPont, the venture may bring access to new research to address or complement gaps in their product lines.