Agri-Neo receives $1.5 million investment
February 20, 2013
| Jim Lane
In Canada, Agri-Neo has received an investment of $1.5 million from the Government of Canada and Sustainable Development Technology Canada for the development of a bio-pesticide that will control bacteria. The current method of controlling crop devastating bacteria is a mixture of copper-based pesticides and chemicals, which causes crop yield decrease along with soil and water contamination.
Agri-Neo is developing a unique and safe-to-handle powdered product that provides effective control of bacteria while being safe for the environment and health. In trials so far, the bio-pesticide has increased crop yields by 10-40% versus copper-based pesticides.
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