Des Moines, Iowa
April 29, 2002
Phytodyne, Inc.
has received grants from the U.S. Department of Agriculture
(USDA) and the Iowa Department of Economic Development (IDED) to
fund further research on its proprietary gene modification
technology.
The USDA has awarded the company $80,000 for a Small Business
Innovation Research (SBIR) Phase I grant for development of a
"Transposable element-based, site-specific recombination system
for plants." This gene editing technology will enable scientists
to rearrange a plant's existing genes to create new crop
varieties with enhanced quality and production.
The IDED has granted Phytodyne an Entrepreneurial Venture
Assistance (EVA) award of $60,000 to accelerate project
development, fund the cost of regulatory compliance for the
technology and introduce gene editing technology to
international markets.
"One of the most important limitations in plant biotechnology is
the lack of efficient methods to edit genes," said Dan Voytas,
president and co-founder of Phytodyne. "Phytodyne's gene editing
technology will accelerate the creation of novel plant varieties
for agricultural, pharmaceutical and industrial use."
Traditional plant transformation methods can introduce single
genes to create transgenic plants, a laborious and time
consuming process. With Phytodyne's gene editing technology,
plant breeders will modify whole suites of genes tapping into a
plant's natural biosynthetic capacity to produce valuable
compounds.
USDA SBIR grants are awarded on a competitive basis to support
high-quality research proposals containing advanced concepts
related to important scientific problems and opportunities in
agriculture. The Iowa EVA program awards financial and technical
assistance to early-stage Iowa technology companies in
industries offering the greatest start-up and growth potential
for the state.
Phytodyne develops innovative plant genome modification
technologies and is the first company to emerge from the Iowa
State University Plant Sciences Institute. |