The Ceres Agritech Knowledge Exchange Partnership links the universities of Cambridge, East Anglia, Hertfordshire, Lincoln and Reading, as well as the John Innes Centre, NIAB and Rothamsted Research, to enable effective sharing of commercialisation expertise, a key aim of Research England’s Connecting Capability Fund, which has awarded the partnership £4.78 million in funding.
Ceres will work with business partners to identify, build, invest in and run the most commercially viable development projects, based on the needs of the agritech sector. The resulting technologies can then be licensed to industry or form the basis of start-up companies or partnerships with SMEs and large agritech corporations.
In addition to the funding from Research England, Ceres has secured funding commitments of over £15 million from industry and technology investors for further investment in commercial opportunities.
A 2016 government report estimated that the agritech sector was worth £14.3 billion and employed 542,000 people in the UK.
“The time is ripe for catalysing early stage technology transfer in the globally critical agritech sector,” said Iain Thomas, Head of Life Sciences at Cambridge Enterprise, the University’s commercialisation arm. “Advances in nutrition, genomics, informatics, artificial intelligence, remote sensing, automation and plant sciences have huge potential in precision agriculture and food production. Farmers, food processors and producers are eager to explore and adopt new technologies to improve their competitiveness and efficiency.
“Cambridge University wants to play a significant part in the successful development of an agritech cluster. The Ceres Partnership builds on models of collaboration, technology acceleration and effective commercial demonstration of proof-of-concept from other technology sectors, such as the pharma-biotech cluster currently flourishing in the Cambridge region.”
The Ceres funding is part of an investment of £67 million through Research England’s Connecting Capability Fund in new collaborative projects to drive forward the commercialisation of university research across the country.