University of Queensland spin-out Nexgen Plants raises AU$2m ($1.86m) funding round to tackle viral infections in crops.

University of Queensland spin-out Nexgen Plants, an agricultural science firm developing virus resistant technology for crops, has raised AU$2m ($1.86m).

The round was backed by university consortium venture fund Uniseed and investor Yuuwa Capital. The funding will be used to propel the company through its proof-of-concept rounds.

Following this stage, Nexgen will look to license the technology to Australian and international plant breeders.

Uniquest’s chief executive Dr Dean Moss said in a statement: “Crop losses from viral infections are a…

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