International Plant Science Company Achieves Key Milestone at BRDG Park
BRDG Park Tenant Gains Momentum with new Natural Product for Agriculture Development
ST. LOUIS, MO, March 19, 2014 – SyMyco, Inc., an international bioscience company became a Bio-Research & Development Growth Park (BRDG Park) tenant in 2011 and in the past two years has researched, developed and shipped its first product, a unique consortium of concentrated Mycorrhizal fungi, an all-natural commercial product to enhance plant productivity and improve plant health in agriculture and horticulture.
"These fungi play a critical role in the health and productivity of 90 percent of plant species in natural areas and form with most major crop species; they also reduce the need for water and chemical fertilizers,” said Aditya Malhotra, board member of SyMyco and Symbiotic Sciences. “The BRDG Park’s ecosystem, proximity to best-in-class researchers, critical infrastructure and vibrant network of agtech influencers has created more than a U.S. base; it has helped us grow our business internationally and to deliver technologies like Mycorrhizal fungi to farmers and enhance their profitability in a more sustainable manner."
The plant science company utilized the Danforth Center’s state-of-the-art facilities and expertise of the Plant Growth Facility’s staff to research the fungi in order to develop its product aimed at increasing farm production and sustainability.
“The launch of SyMyco’s natural product is a significant milestone for the company and the BRDG Park ecosystem,” said Sam Fiorello, president of BRDG Park. “The success of our tenants strengthens our unparalleled reputation and commitment to build and grow a thriving ag-tech sector with home grown and international entrepreneurs.”
The flourishing company is expected to more than double its revenue in 2014 and is planning to launch other commercial products in the market. SyMyco increased its staff by 60%, including hiring lab technicians from the St. Louis Community College’s Center for Plant and Life Sciences bio-technician training program and are also currently reviewing expansion plans at BRDG Park for 2014.
SyMyco is a subsidiary of Symbiotic Sciences Ltd. which is headquartered in New Delhi, India and is a joint venture partner with Mycorrhizal Applications Inc., a company based in Oregon.
Melanie Bernds
(314) 587-1647
mbernds@danforthcenter.org
About SyMyco
SyMyco is a newly created subsidiary of Symbiotic Sciences (www.symbioticsciences.com), based in New Dehli, India. SyMyco’s family of biological fertilizers reduce the need for water and chemical fertilizers. Based on sterile, genetically pure, non-pathogenic mycorrhizae (fungus-roots), the company’s fertilizers provide high-quality, cost-effective and scalable bio plant growth solutions that increase yield, improve nutrient and water uptake improve root activity, recapture carbon from the atmosphere and enhance resistance to weeds and disease. Applications range from farms, landscapes and nurseries to soil restoration and erosion control.
Mycorrhizal Applications, Inc. (www.mycorrhizaecom) is a joint venture partner of SyMyco. The Oregon-based company is a world leader in the production of mycorrhizal (my-core-rize-ul) inoculums. Mycorrhizal Applications, Inc , has more than 32 years of experience in the practical use of mycorrhizal inoculum and a comprehensive research and application background.
About BRDG Park at the Danforth Center
Bio-Research & Development Growth (BRDG) Park at the Danforth Plant Science Center helps life sciences companies bridge research, resources and relationships to achieve commercial success. In addition to providing world-class wet laboratories, office space and a prominent incubator, BRDG Park’s location on the Danforth Center’s campus facilitates access to the intellectual capital of top scientists, as well as to greenhouse, growth chambers, microscopy and proteomics facilities and other vital resources. Located in suburban St. Louis County, Missouri, BRDG Park is being developed by Wexford Science +Technology LLC, a BioMed Realty Company, a development company led by a seasoned team of real estate, finance and engineering expert specializing in major university facilities and science research parks nationwide. More information is available at www.BRDG-Park.com.
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