Agbioscience

Latest Episodes:

303. Solinftec’s Leo Carvalho on agtech’s evolution + the importance of co-creating innovation with farmers Jun 03, 2024

Show notes

Labor remains one of the greatest challenges facing the economy. Solinftec is addressing the problem with autonomy and artificial intelligence focused on improving crop performance. Today we are joined by their Chief Global Strategy Officer, Leo Carvalho, to talk accelerating in a crowded market and creating a value proposition for farmers.

Leo gets into the company’s evolution since its expansion to the U.S. -- from developing technologies to identify problems to new solutions that also solve them. As a technology company, he also stresses the importance of creating concepts that are tested, refined and – candidly – co-created by farmers. The launch of their Solix sprayer addresses all the things Leo says Solifntec aims to accomplish: to create more food, sustainably, while also making the farmer more profitable.

As a seventeen-year-old Brazilian company that started in the sugar industry, Leo talks about lessons learned as they’ve grown and expanded into new markets. Farmers plant crops once a year, so listening to their needs is critical to timely success. Leo also shares Solinftec’s objectives for the future and how agtech will continue to evolve.

302. Mitch Frazier on Elanco + Purdue defining a new era of OneHealth, new funds launched and Traction Ag on the move May 28, 2024

Show notes

It’s May in Indiana and major headlines abound as The Greatest Spectacle in Racing coupled with the Global Economic Summit (GES) put the state on the world’s stage – for racing spectators and innovators alike. Today, Mitch Frazier and Cayla Chiddister recap the month including major news in the agbiosciences from Elanco, Purdue, Elevate Ventures and Traction Ag.

Elanco and Purdue announced a OneHealth Innovation District as part of the company’s new campus west of downtown Indianapolis. The facility is designed to deliver and scale up innovation where industry and academia can collaborate including office, wet lab and incubator space. Elanco plans to also contribute up to $2M of initial funding to jumpstart a new Animal Health Ventures Fund to support early-stage innovators, in close coordination with the Indiana Economic Development Corporation (IEDC), to take advantage of available tools and programs that support startup activity in this space.

From GES it was also announced that Elevate Ventures will launch a new $100M fund focused on cross-sector innovation driven growth stage companies with a $500M total addressable market (TAM) or greater. The fund will commence formation in late Q2 with targets to make first investments in 2025.

Traction Ag also announced a $10M Series A round led by Cooperative Ventures and joined by Plymouth Growth and existing investors. The investment was designed to support platform development and business growth.

301. BinSentry’s Ben Allen on challenges facing animal producers, feed costs + AI creating better on-farm economics May 27, 2024

Show notes

The year 2024 is where AI moves from hype to help in agbioscience. Today’s guest is bringing that prediction to animal health. Ben Allen, CEO of BinSentry, joins us to talk the biggest challenge facing animal producers; one that can be controlled? Feed. Specifically, how do you get the right feed to the right place at the right time?

With feed as a gigantic expense to producers, Ben gets into BinSentry’s technology creating economic efficiency and how better data allows farmers to see things they might not see coming. He also explains BinSentry’s tech platform and being able to manage variables they’ve not been able to before, ultimately impacting their bottom line.

How does BinSentry think about the next evolution of AI? Ben talks about the full automation of logistics and planning – and he says we are much closer to that than anyone thinks.

300. BioMADE’s Melanie Tomczak talks the bioeconomy future, from sustainable aviation fuel to clothing May 20, 2024

Show notes

The bioeconomy – where feedstocks from agriculture are transformed into new products – is poised to surge to more than $30 trillion dollars over the next two decades. The White House calls its potential “enormous,” and there’s an organization leading the effort to create infrastructure around this opportunity. Today, BioMADE Chief Technology Officer, Melanie Tomczak, joins us to tell us 1) what exactly the bioeconomy is, 2) the role of BioMADE in its growth and 3) the unique connection between people, plants and animals.

Where are the greatest opportunities for growth in bioinnovation? Melanie talks cross-sector collaboration and pushing things from early-scale to commercial scale – getting entrepreneurs out of the “Valley of Death.” She also gets into creating resilience and sustainability in U.S. supply chains in a post-pandemic world also experiencing political unrest and geo instability.

What’s ahead? BioMADE recently named six states (Indiana being one) to a short list of geographies that could fill a need that doesn’t exist in the US today: allowing innovators to start the scale-up process without the investment into new facilities, allowing for emerging technologies and products to flow through the U.S. more quickly.

299. Todd Robran on fintech, farmers and data as a differentiator May 13, 2024

Show notes

From food production to R&D in plant science and animal health, agbioscience is a capital-intensive business. This week, we are joined by Growers Edge Chief Commercial Officer, Todd Robran, to talk reducing risk for farmers, partnerships with ag retailers and how models could be shifting to reward growers with lower rates for more productivity.

Todd also gets into data as a differentiator when it comes to lending and risk management, the current challenges in the agbisocience landscape – from tight commodity markets to interest rates – and how Growers Edge is navigating those waters. He also talks backing innovation for farmer confidence to drive efficient decision-making and creating incentivize gpt farmers alongside ag retailers.

As experts in fintech, how does Growers Edge see themselves when it comes to the adoption of new and emerging technologies? Todd talks about where the company has been, where it’s headed and how he sees the next chapter of agtech coming to fruition.

298. Maizly’s Tim Leclercq on corn-based milk, flexitarian consumers + collaborating with farmers May 06, 2024

Show notes

The rise in alternative foods has become a growth driver for the food industry at large and has created new opportunities for innovators and consumers to experience new foods, alike. This week, we are joined by Maizly CEO, Tim Leclercq, to talk about the most abundant crop in the world being transformed into a new drink: corn-based milk.

From taste to mouth feel, Tim gets into Maizly’s differentiated product and functionality. He also talks about its environmental impact versus other milk alternatives and Maizly’s commitment to sustainability – from product creation to packaging.

Why milk? And why corn? Maizly’s founding expands well beyond a business getting off the ground. Tim discusses their passion project in Sub-Sarahan Africa, nutrition access for infants as a challenge and their ability to deliver life-saving solutions to young babies.

As Tim looks ahead at Maizly, the U.S. market is on the horizon; so what’s next? He talks working with corn growers, who is driving the next wave of food innovation (hint: he thinks there is a lot of smaller competitors coming) and when Maizly will hit store shelves and e-commerce sites near you.

297. Mitch Frazier recaps April, talks bioinnovation and entrepreneurs on the move Apr 30, 2024

Show notes

It’s the end of the month, so you know what that means. AgriNovus CEO, Mitch Frazier, sits down with Cayla Chiddister to recap Indiana’s agbioscience trip to Brazil and Mexico with Governor Holcomb, creating new opportunities and driving economies forward.

He also gets into big announcements and items on the move as it relates to bioinnovation, including an investment announcement from Liberation Labs and conversations with BioMADE.

Innovators also made big moves this month and Mitch gets into students winning big at the Indiana Soybean Alliance’s Annual Soybean Innovation Competition. And oh yeah, we’ve got details on this year’s HungerTech Innovation Challenge winner, Anu, and their unique value and potential to deliver nutrition to homes across the world.

Also, an invitation for college students over the age of 18. Join us for upcoming Field Atlas Company Tours coming up in May and June. Learn more and register here: https://agrinovusindiana.com/2024/04/09/field-atlas-agbioscience-company-tours/

296. Courtney Kingery recaps agtech discussions in Brazil + Mexico, looks ahead to shared opportunities Apr 29, 2024

Show notes

Delegates from Indiana’s agbioscience sector traveled to Brazil and Mexico this month alongside Governor Eric Holcomb as the minutes tick away on his leadership of the state. Courtney Kingery, CEO of Indiana Corn Marketing Council and Indiana Soybean Alliance, joins Mitch for this episode from Mexico City to discuss the trip, its findings and Indiana’s unique advantage on a global stage.

Courtney talks Brazilian companies seeking to understand the U.S. market, and the shared opportunities and challenges for farmers selling commodities in Mexico. There may be a cameo in this episode – shout out to Governor Holcomb – and Courtney talks through how trips like this one shape the future of our state’s economy.

295. Scott Irwin on commodity markets + bearish times driving innovation Apr 22, 2024

Show notes

Planting season is nearing in North America and as farmers head to the fields, they’re doing so in a tough global market for agricultural commodities. Those markets have an impact on nearly every facet of our daily lives. Today we are joined by Dr. Scott Irwin, author and Laurence J. Norton Chair of Agricultural Marketing at the University of Illinois, to share his market perspective (it’s on the side of bearish) and what he sees ahead.

How low for how long? That’s a big question for the markets and one Scott dives into during the discussion. He also talks about his book, Back to the Futures, looking at the ag markets as an implication on the broader economy and educating a widespread audience using stories from his childhood on an Iowa farm.

294. Elliott Parker on the conflict between efficiency + innovation, The Illusion of Innovation + challenging what we think we know Apr 15, 2024

Show notes

We are living in a time of innovation crisis where most innovation isn’t driven by large corporations despite them being managed better than ever before, says High Alpha Innovation CEO Elliott Parker. One day ahead of his new book release, The Illusion of Innovation, he joins us to get into how corporations equipped for efficiency losing their resilience and why it’s dangerous to advancing innovation.

Now this isn’t a hot take: Elliott believes in efficiency, but not as a lone strategy. He talks about controlled chaos, a systematic approach to experimentation and uncovering ideas to challenge things we think we know.

So what do companies do? Elliott talks new funding mechanisms, finding the best home for innovations to grow and being contrarian to win over the long-term.

The Illusion of Innovation comes out tomorrow, April 16. Learn morehere.

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