We caught up with Adrian Percy, global head of R&D for Crop Science at Bayer on the sidelines of the World Agri-Tech Innovation Summit, to discuss the company's open innovation strategies in the area of biologicals and novel crop inputs.
Bayer and Ginkgo Bioworks announced the partnership in September 2017. The partners jointly invested $100 million in the venture, making the deal the second largest deal from an Ag Biotechnology startup in 2017, according to the AgFunder data.
The Climate Action 100+ initiative is the work of 225 investors with more than $26.3 trillion assets under management including banks, private equity firms, and pension funds to name a few.
Bayer CropScience and Ginkgo Bioworks, a startup genetically engineering microbes for the flavor, fragrance, and food industries, have partnered with hedge fund Viking Global Investors to invest $100 million in a new, as yet unnamed agtech startup.
SlantRange, a US drone sensor manufacturer and imagery analytics provider using computer vision for agriculture, has won a contract with Bayer CropScience's crop breeding and research programs in the US.
We speak to Geoff Kneen, the R&D Licensing and new ventures manager, North America of Bayer's Crop Science division, to hear more about Bayer's strategy of outsourcing agtech investment.