Radicle Growth and the supporting corn growers’ associations are thrilled to announce investments in two companies identified through the Radicle Corn Value Chain Challenge, sponsored by US Corn Farmers.
The Radicle Challenge set out to invest a minimum of US $1.5M in start-up and growth companies worldwide whose innovative technologies and business models create new uses for corn and long-term sustainable demand for corn. These companies are expected to develop new uses for corn that complement or replace fossil fuel-derived materials with plant-derived materials, such as sustainable aviation fuels (SAF), drop-in chemicals and plastics, and compostable materials. New areas for corn-derived products could also be explored.
The investment prize was equally split between the two finalists – Lakril Technologies and New Iridium, each of which received $750,000.
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