Insignum AgTech Wins Pitch Contest

Insignum AgTech is among the five winners announced in Elevate Ventures’ second annual In-Prize pitch contest. Each winner scores the potential for up to $1 million in funding for each of the winners.

Insignum won based on their gene editing technology which enables plants to change color when stressed. A changed color can alert farmers to early signs of problems like disease or insect attacks.

Insignum’s solution not only alerts farmers to problems earlier, it removes the guesswork. With this type of reliable detection, farmers treat their crops exactly when, precisely where, and only if necessary.

Per contest rules, each of the five IN-Prize winners has the chance to land up to a $1 million investment, which includes up to $500,000 in co-investment from Elevate Ventures. A company that secures $500,000 from other investors, for instance, will be eligible for a $500,000 investment from Elevate Ventures.

Are you developing new technology for an existing application? Did you know your development work could be eligible for the R&D Tax Credit and you can receive up to 14% back on your expenses? Even if your development isn’t successful your work may still qualify for R&D credits (i.e. you don’t need to have a patent to qualify). To find out more, please contact a Swanson Reed R&D Specialist today or check out our free online eligibility test.

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Swanson Reed is one of the U.S.’ largest Specialist R&D tax advisory firms. We manage all facets of the R&D tax credit program, from claim preparation and audit compliance to claim disputes.

Swanson Reed regularly hosts free webinars and provides free IRS CE and CPE credits for CPAs. For more information please visit us at www.swansonreed.com/webinars or contact your usual Swanson Reed representative.

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