EcoPesticides Poised to Impact the Biopesticides Market
Venture Acceleration Fund investment propels startup’s UV-protectant technology to market
Katherine Rodgers, EcoPesticides’ biological technologist, is excited about the future of the company and its potential to disrupt the entire biopesticides industry. Gesturing toward a mysterious-looking piece of equipment perched on a table within the Santa Fe Business Incubator (where the company is housed), she introduces it as a key element for their future disruption.
The equipment simulates the effect of sunlight in a controlled environment. It was purchased with funds from the Venture Acceleration Fund (VAF), a program that provides seed money for early-stage startups and growth-oriented companies who often lack the collateral for debt financing. The equipment supports the company’s move out of research into the field-testing stage, and—eventually—into the marketplace
The VAF is a program administered by the Regional Development Corporation (RDC), an economic development organization tasked with supporting businesses who are creating jobs and attracting revenue to the Northern New Mexico region. EcoPesticides fit squarely within that model, and was awarded VAF funding in 2016.