In less than a month, EcoPesticides’ inventor and chief science officer, Dr. Ravi Durvasula, will be traveling to India to meet with potential strategic partners. On the table will be discussions on how best and how quickly we can advance our proprietary biologic pesticide and performance-enhancing encapsulation technologies and bring them to the global market.
Concerns about the ill effects of chemical crop protection continue to rise, and the world’s agribusiness industry is not sitting on the sidelines. In early March, two major events addressing biocontrol solutions were held in Fresno, California, and EcoPesticides was there.
In a letter sent to President Obama on February 5, 2015, eleven of the nation’s top environmental and public health advocacy groups demanded the administration take much stronger and swifter action to end the threat to the nation’s most prolific pollinators, most prominently the honey bee, caused by the widespread use of neonicotinoids, a dangerous class of pesticide.
Life in the fast lane for a start-up company like EcoPesticides takes us to some exciting places. Africa. Texas. Montana. India. And soon, we’ll be off to Kansas City, Missouri.
In just a few days, EcoPesticides Chief Technology Officer Adam Forshaw and I will be traveling to the far reaches of Montana on board an eight-seat Cessna. Our mission is to meet with one of the world’s foremost authorities on the microbial control of insect pests and return to New Mexico with additional insights on our technology and the beginnings of a colony of rangeland grasshoppers.
Among the unintended consequences of chemical pesticides for crop protection, is the residue that remains on various crops. This, of course, is cause for concern as pesticides are by their very nature designed to kill pests.
We put out a press release today that we’d successfully crossed a major bridge in the startup life of EcoPesticides. It felt so good saying it, that we’re saying it again: we successfully closed our Series A Round, raising $400,000.
CPL Scientific is projecting that global sales of biopesticides will reach $2.8 billion in 2015, or 4% of the overall crop protection market.