[DURHAM, NC, July 10, 2021] —Innatrix, developing eco-friendly biological products to control critical crop diseases was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 35 countries raise over $300 million in funding.
“Newchip evaluates a vast number of companies from across the globe, selecting less than 7% to be part of our accelerator,” says Armando Vera Carvajal, Accelerator Director at Newchip. “This strict selection process makes us an ideal partner for investors looking for promising start-ups. Agtech companies like Innatrix can scale quickly with proper funding and guidance. We are excited for Innatrix and believe they will do well at Newchip.”
Launched in May 2021, Innatrix is on a mission to develop eco-friendly biological products to control critical crop diseases, to increase crop production, and contribute to regenerative agriculture. Since launching the company, we have raised over $2M funds through equity investment and non-diluted federal and state funds; found our beachhead market through the rigorous NSF I-Corps program; Secured several key partners for R&D and product development.
“Being part of the Newchip Accelerator, we are looking forward to raise seed round capital funds, says Jiarui Li, CEO at Innatrix. The funds will be critical for identifying and testing our protein ligands for pathogen control.
Newchip is an online, global startup accelerator, led by a world-class team of entrepreneurs and investors. It was designed to provide founders with the tools needed to rapidly fund, build, and scale. Since its inception in 2019, the equity-free, remote accelerator has helped over 1,000 founders from 35+ countries raise over $300 million in funding. It has three distinct six-month accelerator programs based on company stage: Pre-Seed, Seed, and Series A. Its vast network of global investors, strategic partners, and mentors guide companies from team building and prototype development to securing high-profile VC investment, corporate partnerships, and everything in-between. To learn more visit https://lnkd.in/dQ7ruXW. # #startups # #funding
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