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Agrotech, Company News

MustGrow to receive upfront license fees and milestone payments, royalties and manufacturing sales linked to development and commercial achievements

MustGrow Biologics Corp announced the signing of a collaboration agreement with Bayer AG covering soil applications of MustGrow’s mustard-based biocontrol technologies in Europe, the Middle East and Africa, excluding home and garden, turf and ornamental applications.

Under the terms of the Agreement, MustGrow will receive an initial upfront payment as well as additional payments linked to the achievement of certain business milestones. Upon the commencement of commercial sales, MustGrow will also be entitled to fees from royalties and manufacturing sales. Additionally, Bayer will be responsible for regulatory and market development work in the respective field of use necessary to commercialize MustGrow’s mustard-based biocontrol technologies, including the development of the formulated product, conducting relevant regulatory data studies for regulatory submissions, filing regulatory submissions, registration with relevant regulatory authorities, and support, marketing, and commercial sales activities. MustGrow anticipates that the value of the upfront, milestone payments and Development Work could approximate $35 to $40 million over the next several years (not including additional fees from royalties and manufacturing sales).

“Biologicals are part of an exciting frontier that offers new solutions for the challenges that growers face across the world,” said Benoit Hartmann, Head of Biologics for Bayer. “We’re committed to working with leading innovators like MustGrow to accelerate the development of innovative biological solutions that provide safe, sustainable options for farmers and are looking forward to continuing our work together.”

Under the Agreement, Bayer has also been granted a right-of-first-negotiation for a license to use MustGrow’s mustard-based biocontrol technologies for use in bananas in particular applications, excluding postharvest applications. MustGrow expects to continue collaborating with Bayer to consider other potential applications of MustGrow’s mustard-based biocontrol technologies, including potential testing in regions not currently covered by the Agreement.

MustGrow to receive upfront license fees and

Agrotech, Biostimulants, R&D, World

The founding members of Visionary Steering Council (VSC) will provide strategic guidance, oversight and direction in BioAg.

At the forefront of agricultural transformation lies Biological Agriculture (BioAg), encompassing biocontrol, biostimulants, and biofertilisers. This dynamic field promises sustainable solutions for pest management, disease control, and elevated plant vitality on a global scale. However, bridging the gap between pioneering research and practical farming solutions has proven frustratingly sluggish.

The catalyst for change arises from the diverse landscape of innovators, entrepreneurs, and corporations, each engrossed in their unique pursuits. The time has come to reimagine our approach. A fresh business model must unite these stakeholders, weaving their efforts together to drive the creation and adoption of innovative bioprotection solutions – pivotal for tackling our world’s urgent agricultural and ecological challenges, said Professor Shashi Sharma, Chairman of the World BioProtection Research Foundation.

This was the rationale for the creation of the Research Foundation, a dynamic not-for-profit institution that is dedicated to promoting research and innovation in BioAg. By harnessing the power of nature and leveraging global research expertise, the Foundation aims to revolutionise and work towards finding unique microbial strains which can be used for crop protection and plant health management. Our mission is to pioneer distinctive microbial strains for crop protection and plant health. The Research Foundation will spearhead research, foster collaboration, share knowledge, and create a hub for diverse stakeholders.

Since the Research Foundation was launched in May 2023, Professor Sharma has been recruiting high-calibre individuals to populate its governing councils. The Research Foundation is guided by two governing bodies: the Visionary Steering Council (VSC) and the Program Advisory Council of Experts (PACE). Further information about Governance of the Foundation can be found here.

Seven world class experts have joined the VSC, with the goal of providing leadership in setting the research agenda, evaluating progress, and making informed decisions to advance the foundation’s objectives:

Dr Keith Davies PhD, Director, KG Davies Limited, Associate Professor and Visiting Research Professor, United Kingdom.

Mr Marco Brini MBA, Digital Agriculture Expert and Independent C-Level Consultant, Switzerland.

Prof Patricia Stock PhD, Emerita Director and Professor, School of Animal and Comparative Biomedical Sciences, University of Arizona, Tucson, Arizona, USA.

Dr Minshad Ansari PhD, Founder and CEO at Bionema; Founder and Chairman of The World BioProtection Forum (WBF), United Kingdom.

Dr D. Joseph Bagyaraj PhD, Chairman, Centre for Natural Biological Resources & Community Development (CNBRCD), Anand Nagar, Bangalore, India.

Dr Suhas Wani PhD, Former Research Program Director – Asia and Director, ICRISAT Development Centre (IDC) at International Crops Research Institute for the Semi-Arid Tropics (ICRISAT), India.

Prof Abu Noman Faruq Ahmmed PhD, Chairman at the Department of Plant Pathology, Faculty of Agriculture, Sher-e-Bangla Agricultural University, Bangladesh.

The VSC will ultimately comprise 10 experts from across the world. Highly experienced individuals with foresight, long-term vision, and wisdom, who are interested in filling the final spaces on the esteemed VSC can express their interest here. This voluntary role provides an outstanding opportunity to play a pivotal role in shaping the strategic direction of the Research Foundation, leaving an indelible mark on the global stage.

The Foundation offers numerous other opportunities to actively contribute to ground-breaking research. It provides a platform to collaborate with esteemed experts and shape the future of our world.  The Research Foundation stands as a driving force behind the advancement of novel scientific discoveries.

The founding members of Visionary Steering Council

Agrotech, Biostimulants, Company News, World

Biovert has a wide arrangement of great items including green growth removes, an area of vital interest for our business, and broad information in the biostimulant area

Biovert, which operates under the Manvert brand and specialises in biostimulants, biocontrol, and plant nutrition, has been acquired by Sustainable Agro Solutions (SAS).

Eduard Vallverd Vidal, CEO of SAS, stated in a LinkedIn statement that the acquisition had been completed and that Biovert was a company that was culturally and geographically close to SAS. Spain is home to both businesses.

“Biovert has a wide arrangement of great items including green growth removes, an area of vital interest for our business, and broad information in the biostimulant area,” proceeded Vallverdú Vidal.

Additionally, they are at the forefront of organic solutions. Biovert has a strong management team with a lot of experience, a clear strategic vision, and a work environment that values innovation and excellence.

Biovert has a wide arrangement of great

Agro Universities, Agrotech, Biostimulants, R&D

Global Microbial Consortium will engage with industry experts to establish the commercial potential of identified microbial strains.

The WBF Research Foundation has taken a giant leap forward in revolutionising the agricultural industry with the formation of the Global Microbial Consortium.Biological agriculture (BioAg), which includes biocontrol (crop protection), b1iostimulants (crop enhancement), and biofertilisers (crop nutrition), is a fast-growing segment of agriculture, offering safe and sustainable alternatives for the management of pests and diseases, and plant health.

The Global Microbial Consortium has been formed, under the WBF Research Foundation (part of the WBF Group). Chaired by Professor Shashi Sharma, esteemed Adjunct Professor at the Harry Butler Institute, Murdoch University, Australia, the Global Microbial Consortium will establish an international network of institutions committed to identifying and developing microbial-based solutions for biocontrol, biostimulants, and biofertilizers. This will promote the discovery and development of novel microbial agents that are effective, safe, and sustainable alternatives to chemicals and other harmful control methods.

The Global Microbial Consortium is underpinned by a vision to create a world in which microbes are widely used for plant health management, and recognised as a key resource for sustainable agriculture. By harnessing the power of microbes, and the expertise of a global network of researchers, it aims to revolutionise the way we manage pests, diseases and plant health, reducing reliance on harmful chemicals and improving the health and well-being of people and the planet.

“With recent advances in technology, such as artificial intelligence and big data analytics, researchers have the ability to conduct high-throughput screening of microbes, while bioinformatics tools and techniques can analyse the genomes of microbes and identify the genes responsible for specific traits,” said Professor Sharma, Chairman of the WBF Research Foundation. “However, unless we have a way to co-ordinate and interpret these global efforts and findings, various opportunities for utilising all this information for bio-solutions could be missed.”

The WBF Research Foundation will operate and manage Global Microbial Consortium. By establishing connections with existing initiatives and institutions on soil microbiomes and microbial-based solutions, the plan is to review and streamline the process for sharing and screening microbial diversity, and to identify potential biocontrol agents, biostimulants and biofertilizers including species and strains of bacteria, fungi, nematodes and viruses. This will involve several stages of testing and evaluation, from discovery to commercialization.

The Global Microbial Consortium will serve as a hub for sharing information on microbial strains. It will connect researchers and institutions to facilitate international screening and evaluation of microbes, and it will engage with industry experts to establish the commercial potential of identified microbial strains.

Dr Minshad Ansari, Founder and Chairman of the WBF, commented, “The WBF was founded to connect different stakeholders across the bio-solution sector, with the goals of advancing innovation and commercialisation The establishment of the Global Microbial Consortium under the WBF Research Foundation demonstrates the organization’s commitment to advancing sustainable and environmentally responsible biobased solutions for agriculture and environmental remediation.”

Global Microbial Consortium will engage with industry