Syngenta licenses crop technology and intellectual property so Agrivida can develop new traits for crops, including corn, sorghum, switchgrass and miscanthus, in return for equity.

Syngenta Ventures, the corporate venturing unit of US crop company Syngenta, has licensed some of its technology in return for a stake in Agrivida.

Agrivida is developing a crop technology, called Intein Trait, to provide low-cost sugars for industrial applications. Syngenta licenses crop technology and intellectual property so Agrivida can develop new traits for crops, including corn, sorghum, switchgrass and miscanthus.

Mark Wong, chief executive of Agrivida, said: "The combination of Agrivida’s proprietary Intein platform with Syngenta’s technology…