'THE RADICLE NPP CHALLENGE BY UPL' REVEALS FINALISTS COMPETING FOR US$1.75M INVESTMENT
Kirk Haney, Managing Partner of Radicle Growth, said: "We are incredibly impressed with the game-changing technologies we have identified through the Radicle Challenge process and believe these technologies can be transformative in advancing natural and biological control solutions in the food value chain."
Each company will present to a panel of judges on March 18th. A US $1 million investment will be made in The Challenge winner and a US $750,000 investment in the second-place winner to accelerate their growth. In addition to the funding, the winners will get access to advice from both UPL and Radicle senior executives to help accelerate their company's business and technical efforts.
The NPP Radicle Challenge marks the second competition led by UPL in collaboration with Radicle Growth, with a total of US $1.25M invested in two companies in the 2022 'UPL Radicle Carbon & Soil Challenge'.
About UPL Corp
UPL Corporation Ltd. (UPL Corp) is a leading global crop protection and biological solutions company defining the future through sustainable agriculture and a grower-first mindset. With a robust portfolio of holistic solutions, UPL Corp aims to create shared growth and prosperity for farming communities, agriculture, and our planet. As the largest of UPL Group's pureplay platforms, UPL Corp contributes to more than $5bn in annual revenue and is a leader in fostering collaboration through OpenAg® to develop advanced technologies for crop health and productivity.
About UPL Group
UPL Ltd. (NSE: UPL, BSE: 512070, LSE GDR: UPLL) is a global provider of sustainable agricultural products and solutions that cover the entire agrifood value chain. With annual revenue exceeding $6bn, the company is one of the largest agriculture companies worldwide, serving growers in more than 130 countries. UPL Group consists of four pure-play platforms that include UPL Corporation Ltd. (UPL Corp); UPL Sustainable Agri Solutions (SAS); Advanta Enterprises Ltd.; and UPL Specialty Chemicals Ltd. (USCL). Together, these platforms are dedicated to Reimagining Sustainability and driving progress in our food system through our innovative OpenAg® approach. To learn more about UPL, please visit upl-ltd.com/ca and follow us on LinkedIn, X, and Facebook.
About Radicle Growth
Radicle Growth selects innovative, early-stage companies for investment, ensuring that disruptive AgTech & Food Tech companies reach their full potential. In addition to providing seed-stage capital, Radicle Growth provides a fertile environment for visionaries in the ag and food space to flourish. Their proprietary platform is one of a kind in the ag and food industry, filling a huge void in the market by identifying the most innovative technologies and accelerating them with a range of value-creation initiatives. To connect and learn more about Radicle Growth follow us on LinkedIn, Twitterand Instagram. To stay informed on Radicle Challenges, visit: https://radicle.vc/the-radicle-challenge/.
View original content:https://www.prnewswire.co.uk/news-releases/the-radicle-npp-challenge-by-upl-reveals-finalists-competing-for-us1-75m-investment-302061016.html
