Agricultural Biotechnology Firm, Benson Hill Biosystems, Expands Its St. Louis, Missouri, Research Facility
08/01/2013
The Missouri Technology Corporation invested $175,000 in the agricultural biotechnology startup company through its Missouri IDEA Funds. The Missouri Technology Corporation, housed within the Missouri Department of Economic Development, is a non-profit corporation focusing on promotion of entrepreneurship in Missouri and fostering the growth of emerging high-tech companies.
Missouri and the Donald Danforth Plant Science Center in St. Louis offer resources uniquely catered to Benson Hill’s mission, the state Department of Economic Development said. The state’s leadership in the life science industry and startup friendly environment played a key role in the company’s decision to locate here, state officials said.
“Missouri is the place to be for budding tech companies and we’re excited to announce Benson Hill Biosystems as our newest partner,” said Bill Anderson, Acting Executive Director of the Missouri Technology Corporation. “Missouri’s extensive plant science resources and world class talent provides the infrastructure for high tech companies to grow and succeed. And Benson Hill’s decision to locate here further solidifies that.”
In addition to MTC’s investment, Benson Hill Biosystems received an additional investment from BioGenerator, a private entrepreneur support organization and early-stage capital fund based in St. Louis, as well as the Helix Fund, an early-stage plant and life sciences investment fund administered by the St. Louis County Economic Council.
“The team at Benson Hill is world-class and the company’s existing research and industry partnerships position it well for growth,” said Dan Broderick, Vice President of Investments at BioGenerator. “Benson Hill’s expansion in St. Louis will enable the company to take advantage of the region’s unique collection of ag bioscience assets – including preeminent research facilities and talent, startup support, and networks to agtech investors.”
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
Most Read
-
19th Annual Area Development Gold and Silver Shovel Awards
Q2 2024
-
2023's Leading Metro Locations: Hotspots of Economic Growth
Q4 2023
-
2023 Top States for Doing Business Meet the Needs of Site Selectors
Q3 2023
-
The CHIPS and Science Act will bring jobs back to the United States
Q2 2024
-
2023 Top States Commentary: Top-Ranked States Have What It Takes to Win Mega Projects
Q3 2023
-
The Bring Your Own Energy (BYOE) Party Is Starting
Q2 2024
-
Midwest becomes hotspot for semiconductor manufacturing and supply industries
Q2 2024