Intellectual property business Global Plant Genetics has been awarded a government grant of almost £30,000 to help it build a global network of partners.
The Norfolk-based company, which is still only 18 months old, is involved in the development of new asparagus and berry varieties, representing breeders on an international scale.
The grant money – awarded through the government’s Innovate UK funding scheme for businesses and research organisations – will be used to cover the considerable travel costs of setting up links with international partners.
It will also allow the growing company to conduct a feasibility study to help maximise the value of its berry and asparagus intellectual property offer.
Commenting on the funding, Global Plant Genetics’ co-owner Rupert Hargreaves said: ”Our strong relationship with international breeders has allowed us to be awarded a first class portfolio of products. This grant money will allow us to effectively fast track the international distribution of the trials material into new territories.
“It is not until the commercial arrangements have been concluded and the new varieties have proven themselves in each and every location, that the true value of the intellectual property can be determined.
“We are, however, delighted with the fantastic array of products we have and are looking forward to getting them through the trials and into commercial production, adding value to each of the parties in the supply chain.”
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