Lavie Bio Receives Grant from Israel Innovation Authority to Advance the Development of ‘MicroFermentor’, a Unique Technology that Can Change the Economics of Ag-Biologicals

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Lavie Bio Ltd., a leading player in the ag-biologicals sector and a subsidiary of Evogene Ltd., is making significant strides in sustainable agriculture with the recent announcement of a grant from the Israel Innovation Authority (IIA). This funding will support the development of Lavie Bio’s innovative MicroFermentor technology, designed to revolutionize the delivery of ag-biologicals to the agricultural industry.

Introducing the MicroFermentor Technology

The MicroFermentor technology represents a pioneering approach to agricultural biologicals, focusing on the use of beneficial bacteria. Unlike conventional methods, this patented technology allows for the multiplication of beneficial bacteria directly on the plant. This innovative microbe formulation is set to transform agricultural practices by addressing critical challenges faced by the industry, including high application costs, short shelf life, and the viability of bacteria post-application.

The initial phases of this project have already demonstrated promising results through microbe encapsulation and greenhouse validation experiments. With the IIA grant, Lavie Bio is poised to advance the next phase of development, bringing this groundbreaking technology closer to commercialization.

Growing Demand for Ag-Biologicals

The global ag-biologicals market is witnessing rapid growth, with projections indicating an annual increase of over 13%, expected to reach nearly $33 billion by 2030. This upward trend is largely driven by increasing consumer demand for sustainable agricultural practices and a reduction in chemical pesticide usage.

The European Union has set ambitious targets within its Green Deal program, aiming to cut chemical pesticide usage by 50%. Similarly, North America exhibits high environmental awareness and a well-established market for organic and biological products, further emphasizing the need for effective alternatives to chemical pesticides.

In this context, Lavie Bio’s MicroFermentor technology presents a unique opportunity to introduce a diverse range of bacterial-based ag-biological products to the market. Currently, many potential products face challenges related to production costs, application expenses, and limited shelf life. By overcoming these hurdles, the MicroFermentor technology is set to enhance the variety and availability of effective ag-biological solutions.

Implementing MicroFermentor Technology

Lavie Bio is committed to leveraging the MicroFermentor technology across its product pipeline, with plans to collaborate with industry partners to expand its reach. By introducing this innovative technology into its offerings, Lavie Bio aims to provide farmers with more efficient and sustainable options for pest and disease management.

The implementation of the MicroFermentor technology not only aligns with current market demands but also supports the broader goal of promoting sustainable agricultural practices. With increasing pressure on the agricultural sector to reduce its environmental impact, Lavie Bio’s advancements could play a crucial role in shaping the future of farming.

Looking Ahead

As Lavie Bio continues to develop the MicroFermentor technology, the company is poised to become a leader in the ag-biologicals market, offering effective solutions that meet the growing demand for sustainable agricultural practices. This grant from the Israel Innovation Authority marks a significant milestone in Lavie Bio’s journey, enabling the company to push boundaries and drive innovation within the industry.

Farmers, agricultural stakeholders, and consumers alike can look forward to the exciting developments that will emerge from Lavie Bio’s commitment to advancing ag-biologicals through the MicroFermentor technology. Together, we can work towards a more sustainable and productive agricultural future, one that prioritizes both the environment and the health of our food systems.

For more information about Lavie Bio and its innovative solutions, stay tuned for updates as the company progresses toward the commercialization of its groundbreaking MicroFermentor technology.

 

Source – LavieBio

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