- Funding to Date*
The global fungicide and bactericide market is expected to reach $28B by 2024. Between 20–30% of these chemical pesticides will soon be banned due to health concerns. Additionally, 64% of global farmland is at risk of small molecule pesticide pollution. Pressure from supermarkets and governments to reduce the usage of chemical pesticides to control agricultural pests has given way to the search for natural biological pesticide alternatives. Biopesticides often are effective in very small quantities and decompose quickly, resulting in lower exposures and largely avoiding the pollution and human health problems caused by conventional pesticides. Innatrix’s seasoned team of AgriTech professionals are working to replace agrochemical with biological pesticides for farmers. They have developed a robust pipeline for identifying novel biopesticides to control three economically important and critical pathogens, such as late blight, soybean cyst nematode and citrus greening.