Edison Agrosciences Relocates Headquarters To St. Louis, Missouri
01/27/2016
The firm is developing technology to increase the levels of rubber production in sunflower to create a new, commercially viable rubber crop. The company’s innovation will help diversify global rubber production as well as provide a local alternative source. The company will move its headquarters from North Carolina to St. Louis to initiate research and development activities.
“The US is largely dependent on imported natural rubber, with most of the world’s supply being produced in Southeast Asia,” said Tom Christensen, CEO of Edison. “By moving our business to Missouri, we can take advantage of the agtech and bioscience synergy that has already been established.”
“Missouri’s rich agriculture history, world renowned research and education institutions, and growing tech sector make our state the perfect home for entrepreneurs and job creators,” said Mike Downing, Director of the Missouri Department of Economic Development. “And with the continued support from Governor Nixon, more and more companies will look to Missouri to start and grow their business.”
To foster Missouri’s growing AgTech industry, MTC will co-invest $75,000 in Edison Agrosciences to help fund the company’s proof of concept as well as further testing of its technology. Since 2011, through its IDEA Funds program MTC has co-invested in 78 companies, which have in turn been able to leverage an additional over $262 million in private investments.
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