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…
