Agbioscience

Microbiome has been heralded as a next frontier of unlocking the power of biology to drive healthier outcomes. This week, we bring together two pioneers focused on driving those outcomes in animal health: Aaron Schacht, CEO of BiomEdit, and David Bravo, Chief Science Officer at Nutreco. The two companies recently announced plans for a long-term strategic partnership focused on discovery, development and commercialization of next-generation ultra-specialty feed additives called Biom-actives to address livestock producers’ health and sustainability challenges. The two leaders dive into the details of their collaboration and what the industry can expect in terms of new products. They also examine the power of partnership, a nice marriage bringing out what both companies do best and the luxury of good timing. David and Aaron also discuss the emergence of microbiome innovation, an environment of complexity creating difficulty for companies’ continued ambition and turning that complexity into a competitive advantage. Read the full announcement on this partnership here.

Last week, AgriNovus announced its sixth class of Field Atlas Ambassadors – students that serve as the on-campus peer connection to the online career exploration platform (MyFieldAtlas.com). After a handful of ambassador classes, several Indiana college campuses and lots of discussion surrounding the sector, one this is clear: young talent is learning what it means to work in agbioscience (and they really like it). Julia Hamblen is an agricultural education major at Purdue University and a three-time Field Atlas Ambassador while DePauw University biology major, Bree Mahoney-Sutherland, takes on the role as the first-ever ambassador on her campus. The two of them dive into what draws them to agbioscience, the surprise reaction from their peers when they realize the breadth of opportunities available to them and how they plan to advocate for the industry on their campus this semester. Interested in learning more about this year’s Field Atlas Ambassador class? Visit MyFieldAtlas.com/Ambassadors.

From COVID-19 to African Swine Fever and now a global recession facing supply challenges, Elanco has faced many circumstances since becoming an independent company in 2018. CEO Jeff Simmons addressed the Economic Club of Indiana last week to send a clear message: their greatest era of innovation and impact to society lies ahead (and is coming quickly). This week, we bring you his comments as a special bonus episode. Jeff dives into Elanco’s new global headquarters being a destination, not an obligation, where people want to go and work with purpose and reaching the world’s animals from this new epicenter for innovation. And while acknowledging that great work has been done in Indianapolis, he calls on leaders to prioritize building an inclusive community where talent wants to be and to work quickly – because the window is small for us to seize our opportunity. **A special thank you to the Economic Club of Indiana for allowing use of their audio for this episode. To watch Jeff Simmons’ full program, click here.**

Agbioscience companies attracted more than $50B in venture capital globally in 2021, but venture isn’t the only source of funding fueling innovation. Private equity and debt are also flowing into the agbioscience economy as investors seek new avenues to deliver returns while advancing innovation. With interest rates rising and a cool off in the tech economy, what does this mean for the future? This week, we are joined by Patrick Gilbert, Managing Director of Vine Capital, Randall Lewis, Managing Partner at Cleveland Avenue and Steve Witges, SVP of Ag Lending at Farm Credit Mid-America to examine all the potential tools for startups and early-stage companies to scale and grow. They dive into how companies discern the right financial instrument for them given the current state of our economy, uncertainty driving the source of capital (along with an uptick in involvement from investors) and agbioscience as a growing market of attraction for investors. They also talk about capital efficiency and how it relates to trends and commitments made by companies, such as sustainability and environmental impact, and their ability to capture market while saving costs in the long-term.

How does wrangling bulls compare to working in corporate America? Perhaps no one is more supremely qualified to answer that question than Anya Gandy. From Capitol Hill to The Great Plains, Google and now Inari, the Sustainability and Strategy Leader has an impressive resume. This week, we talk with Anya about her career – from cowboy to tech star - and the common thread through it all: sustainability. She dives into nature-positive farming, Inari’s potential to go beyond net-zero pledges and the urgent need for more companies creating positive value to the planet (rather than a commitment to do less harm).Anya also talks about Inari’s plan to make that happen: AI-powered predictive design and a pioneering multiplex gene editing toolbox that unlocks the full potential of seed as a cornerstone of our food system. She also busts the myth that sustainability comes at a cost to profits, walking through the relationship between economic and environmental sustainability and talks about the future of collaboration and partnerships for Inari.Want to learn more about Inari? Click here.

An audible gasp filled the room at CES 2023’s opening keynote as the world’s leading innovators heard John Deere unveil its new robotic technology, ExactShot, which gives farmers the opportunity to dose fertilizer with precision rather than apply an entire stream – creating healthier plants with less chemical use while saving farmers money. AgriNovus caught up with John Deere’s VP of Production and Precision Ag Production Systems, Deanna Kovar, to talk about this continuation of the company’s smart industrial strategy and putting farmers at the heart of everything they do.Deanna also talks about the critical problems facing farmers – both economically and environmentally, the history of John Deere’s investment into groundbreaking technology and being precise to make sure their tools create efficiency. She also dives into what’s ahead being bigger than what’s behind us, finding and creating new uses for their current tools and drawing inspiration on tech solutions at the show, paving the way for potential application in agbioscience.

Do you also feel as though the year flew right on past you? As we sat down to recap what 2022 looked like for Indiana’s agbiosciences, we realized how much can happen in a short amount of time. From food to agtech, creating new innovative opportunities and putting Indiana on a global stage, please enjoy our first-ever year-in-review episode of Agbioscience, and also, our season 5 finale. We appreciate your passion and enthusiasm each week and look forward to bringing you more episodes in the new year. Reference episodes: Jeff Simmons, Elanco: https://podcasts.apple.com/us/podcast/agbioscience/id1412179095 Pamela Whitten, Indiana University: https://podcasts.apple.com/us/podcast/building-the-crossroads-of-biomedical-engineering/id1412179095?i=1000587701375 Susanne Wasson, Corteva Agriscience: https://podcasts.apple.com/us/podcast/modern-crop-protection-making-an-impact/id1412179095?i=1000561550250 Luca Bonini, Hello Nature: https://podcasts.apple.com/us/podcast/bionutrients-indianas-latest-agbioscience-collaboration/id1412179095?i=1000553925930 Sam Krouse, MPS Egg Farms: https://podcasts.apple.com/us/podcast/egg-celerating-innovation-in-indiana/id1412179095?i=1000557079928 Daniel Russek, Atarraya: https://podcasts.apple.com/us/podcast/shrimp-shipping-containers-sustainability/id1412179095?i=1000580638895 Aaron Schacht: BiomEdit: https://podcasts.apple.com/us/podcast/biomedit-betting-on-microbiome-science/id1412179095?i=1000567108868 Mike DiPaola + Opher Flohr, Taranis: https://podcasts.apple.com/us/podcast/bonus-taranis-recent-fundraise-brings-new-growth-opportunities/id1412179095?i=1000579439249 Stacy Dean, USDA: https://podcasts.apple.com/us/podcast/bonus-agrinovus-at-the-white-house-conference-on/id1412179095?i=1000581518985

In partnership with Indiana Corn Marketing Council and Indiana Soybean Alliance, the 2022 Producer-Led Innovation Challenge tasked innovators with optimizing existing on-farm data to create a farmer-focused platform that will increase data accuracy and reliability to impact speed and cost of capital from lenders. The winning prize: $25,000 to help accelerate commercialization of their solution. This week, we are joined by the winning team, Orlando Saez and Tom Uthell with Aker Technologies. They dive into their approach to the Challenge, how their solution fits within their existing tech stack and their plans to accelerate the platform’s growth in the future. Learn more about AgriNovus Indiana’s Producer-Led Innovation Challenge: https://agrinovusindiana.com/producer-led-innovation-challenge/

From restaurant tech to climate science, innovation taking over the agbioscience sector continues to diversify and grow as the problems we face when it comes to food get more attention. This week, we are joined by Jennifer Marston, senior reporter at AgFunder News, to talk about venture capital’s $51B investment in the global market last year and “the hype cycle” surrounding new tech and innovation. She also looks ahead at emerging innovations in the agbiosciences, market correction following the pandemic and how funding might shift more to the farm-side in the near future.

David Johnson’s impact on Central Indiana and its economic growth cannot be overstated. This week, the CEO of Central Indiana Corporate Partnership (CICP) joins us to tell his story, from Harvard and Oxford to Capitol Hill, being a lawyer and coming home to Indianapolis (eventually to lead CICP). David also talks about the necessary formation of CICP as an organization, the emergence of AgriNovus as an agbioscience initiative of the organization and the industry’s vast opportunity for sustainable growth in Indiana. As he prepares for his retirement, David looks back on the evolution of the state’s economy during his run at CICP, examines the headwinds Indiana will face in the future and what comes next for him.

She’s the 19th president of Indiana University and the institution’s first female leader. Today we welcome Dr. Pamela Whitten to the podcast to get her take on IU’s strength at the intersection of tech and health, the university’s deep interest and application in agbioscience and creating a seven-year strategic framework during a time where higher education is facing enrollment decline. She also talks about collaborating alongside Purdue University president, Mitch Daniels, to split IUPUI into two world-class establishments in the heart of Indianapolis and what that means for the future of our state.

How are coffee and cryptocurrency related? In the case of this week’s guest, the more you consume, the greater your investment portfolio. Andre Ramsey, Co-Founder of CoinCoffee, joins us to talk about rewarding members through java coins that are redeemed for cryptocurrency, going to market and the consumer reaction and the massive validation he felt from Starbucks launching a similar program.

Brad Chambers’ career is rich in entrepreneurial ventures – from launching and selling a landscaping business, investing in his first rental property as a sophomore at Indiana University (he owned 31 properties by the time he graduated) and ultimately founding Buckingham Properties. This week, the Indiana Secretary of Commerce talks with us about joining Governor Holcomb’s cabinet, industries that will power our state’s economy for years to come and his passion growing entrepreneurship in Indiana. He also talks about this exciting time for Indiana’s agbioscience sector and its integral role in building the economy of the future.

What came first, the chicken or the pizza? This week, they come together. We are joined by founder of Zero Carb LYFE, Omar Atia, to talk all about his chicken-based protein pizza’s fast-growing success. He also talks food science, diets and creating innovative food products that people want – and need. Ever hear about a chicken-based chocolate chip cookie? Listen here.

In a time where hunger is still a critical issue in the United States, Elevance Health is stepping up to connect consumers to better nutrition and, subsequently, better health outcomes. This week we are joined by Elevance Health’s Chief Health Officer, Shantanu Agrawal, to talk about the company’s approach to whole health, the role of innovation in connecting health food to the consumer and participating in AgriNovus’ HungerTech Challenge. To learn more about HungerTech, click here.

Power is a critical component of growing and scaling economies. This week we are joined by Brian Anderson, director of economic development at Wabash Valley Power Alliance, to talk disruption to the industry, the organization’s balanced path to decarbonization and working alongside agbioscience industry leaders to create big impact in Indiana.

Cummins made news recently with the announcement that they would partner with Buhler Industries, Inc. to integrate the company’s 15-liter hydrogen engines into Buhler’s Versatile equipment. This week, we are joined by Ann Schmelzer, general manager of Cummins global agriculture business. They dive into diversifying power in agriculture, innovation creating powerful – and sustainable - engines and the comparison of hydrogen to diesel engines when it comes to performance. Learn more about Cummins’ partnership with Buhler Industries, Inc. here.

He’s an entrepreneur turned venture capitalist and today, he’s on the podcast. Christopher “Toph” Day, the new CEO of Elevate Ventures, joins us to talk about the venture fund’s work in Indiana, helping companies beyond capital and making intentional connections to bring big ideas together. He also digs into the agbiosciences, opportunities for growth and what can be expected ahead for the state’s entrepreneurial ecosystem.

Last week, AgriNovus had the privilege of an invitation to The White House Conference on Hunger, Nutrition and Health where President Biden unveiled a five-pillar strategy to eradicate hunger by 2030. Mitch Frazier had the chance to catch up with the Deputy Under Secretary for USDA’s Food, Nutrition and Consumer Services, Stacy Dean, to discuss this new framework to end hunger and the role of innovation in the agbiosciences to make it possible. Using tech to connect those facing food-insecurity to high-quality nutrition is a problem AgriNovus has set out to solve. Learn more about our HungerTech Challenge and the work we’re doing here: www.agrinovusindiana.com/hungertech.

AgTech is Indiana’s fastest growing agbioscience innovation platform and to continue that growth, a top-notch base of talent is required. This week, we are joined by Dennis Trinkle, Executive Vice President of TechPoint, and Sheila Simpson, Chief Human Resources Officer at Intelinair, to talk about a new opportunity to connect agbioscience employers to tech talent: Xtern. Learn how your company can collaborate with TechPoint + AgriNovus to participate in Xtern. Visit here: https://techpoint.org/xtern-students/

There’s a new kid in town and he’s using artificial intelligence to grow shrimp in shipping containers near downtown Indianapolis. We are joined today by Daniel Russek, founder and CEO of Atarraya, a new Indiana company focused on transforming a nearly $50 billion shrimp industry. He talks about the hurdles he overcame before developing the company’s shipping container system, Shrimpbox, how their controlled environment creates a more sustainable product and when consumers can expect to see Atarraya shrimp on their dinner plates.

Purdue University students competed earlier this year with one objective: who can create the best innovation using soybeans? The answer: Team Smulch. This week, we are joined by Zuhal Cakir, Libby Plassard and Ethan Miller, the founders of Smulch, to talk about their innovation, sizing up the competition and what’s next for these young entrepreneurs.

Taranis recently announced a $40M Series D fundraise to fuel growth, focus on global expansion and invest in new technologies. This week, we are joined by Mike DiPaola and Opher Flohr, the company’s Chief Commercial Officer and Chief Financial and Operations Officer, for a bonus episode to talk about the news, agtech’s evolution and what’s next for Taranis.

Indiana Corn Marketing Council and Indiana Soybean Alliance serve producers across the state, including value creation and innovation for their operations. This week we are joined by Ben Forsythe, Sustainability and Value Creation Director for the organization, to talk about AgriNovus’ newly announced Producer-Led Innovation Challenge. The Producer-Led Innovation Challenge tasks innovators with optimizing existing on-farm data to create a farmer-focused platform that will increase data accuracy and reliability to impact speed and cost of capital from lenders.. The winning team receives $25K to help commercialize their solution. Are you ready to take on this year’s Challenge? Register your team for our accelerator program and the opportunity to pitch your solution in November! Learn more at agrinovusindiana.com/producer.

Mick Messman spent some time in Indiana early in his career and as CEO of DPH Biologicals, he is back. This week, he sits down with Mitch Frazier to talk about investor interest in biologicals, their positive environmental impact, DPH Biological’s Indiana operation and what’s next for the company.

Teri Willey’s impressive career has touched many college campuses in our state, and well beyond. This week, the Managing Director of IU Ventures joins us to talk about the next chapter of tech transfer, IU’s investment portfolio and the emergence of new startups operating on the idea of food as medicine.

United Animal Health has long been a leader in animal nutrition and now, they are looking to the future and adding new partnerships. This week, we are joined by Scott Holmstrom, Senior Vice President of Research and Development at United Animal Health, and Joel Harris, Co-Founder of Genvax. They talk about Joel’s recent fundraise, including a strategic investment from United Animal Health, how the two companies align well for a partnership and the future of animal health.

Melissa Proffitt’s career in law spans many industries, but agbioscience stands out to her. This week, the Partner-in-Charge of Client Relations at Ice Miller joins the podcast to talk about her path to becoming a lawyer, feeding the world and what sets Indiana apart.

AgriNovus issued a challenge to the tech community this year: unlock free delivery access to those participating in the Supplemental Nutrition Assistance Program (SNAP), a $100 billion federal program annually. Eleven teams answered the call and brought forth their solutions recently and a panel of judges selected a winner to receive a $25,000 prize to help launch their product to market. This week, we are joined by Geng Wang, the CEO of Civic Champs and winner of the HungerTech Challenge. Geng talks about the “why” behind his organization, what called his team to sign up to participate and how they plan to proceed. Learn more about HungerTech at AgriNovusIndiana.com/HungerTech.

Purdue University has been hosting the 4th cohort of The Mandela Washington Fellowship with agbioscience innovators from Africa spending time on campus this summer to hone and develop their professional and leadership skills. This week, we are joined by Boaz Berhanu and Molly Abende to talk about their experience with the program this summer. They talk about the critical issues facing their respective communities, what they’ve learned from the program and how they plan to enact change at home once they return.

How does a medical doctor with decades of helping women conceive children apply their experience and a mindset for innovation toward pregnancy in cows? This week, we are joined by Jim Donahue, founder of Indianapolis-based ReproHealth Technologies. He talks about how the idea came to be, the difference in treating humans versus cows and the future of the company and what they hope to achieve.

When her career started as a basketball coach, one could argue it was foreshadowing a future in Indiana. President of Huntington University, Sherilyn Emberton, joins the podcast this week. She talks about the evolution of the university’s offerings, how they’ve evolved since COVID-19 and the importance of connecting their students to diverse and vast opportunities in agbioscience.

With 11% of the United States population using Supplemental Nutrition Assistance Program (SNAP) benefits, how can innovation create a better way to connect proper nutrition to more people? This week we are joined by Craig Gundersen, Snee Family Endowed Chair at the Baylor Collaborative on Hunger and Poverty and professor in the Department of Economics at Baylor University. He talks about the role of innovation in food insecurity, the challenges facing the current SNAP system and his recommendations for durable, sustainable solutions long-term.

Microbiome science is a fast-growing field and Indiana is home to a new company focused on innovation in animal health based on the microbial communities in animals and the surrounding environment. This week, we are joined by Aaron Schacht, CEO of BiomEdit, a company launched by Elanco and Ginkgo Bioworks in 2021. He talks about the criticality of microbiome science in creating healthier animals, the value of revisiting innovative ideas that were once passed over and BiomEdit’s need to continue growing their team.

Living Greens Farm announced in March that they would invest $70M to establish operations in Indiana, a move that will add up to 120 agbisocience jobs to the state. This week, Gerry Dick with Inside INdiana Business is joined by the company’s CEO, George Pastrana, and Melanie Faust, its VP of Supply Chain. They talk about Indiana as a great location to serve Midwest and surrounding area customers, Muncie’s upside for talent and how aeroponics differ from other operations.

Whether it’s 3D printers in food or personalized nutrition, the way consumers eat is continually evolving. On this week’s episode, we are joined by Purdue University’s Food Science Department lead, Senay Simsek. She dives into her work, the importance of carbohydrates, the opening of Purdue’s Food Entrepreneurship Manufacturing Institute and what she sees as the exciting future of food science innovation.

It's a bonus episode! AgriNovus hosted a panel discussion at Indiana's first Global Economic Summit last week and we've got the full session right here. Joining Mitch Frazier was Jeff Simmons, CEO of Elanco, Martha Hoover, Founder of Patachou, Inc., Jean Luc Tete, Founder of Paris-based Horus Impact, and Robert King, EVP of Crop Protection of Corteva Agriscience.

For the first time ever, Indiana Economic Development Corp (IEDC) will host a Global Economic Summit in tandem with The Greatest Spectacle in Racing – The Indianapolis 500. This week, we are joined by IEDC’s SVP of Global Investments, Andrea Richter-Garry, to talk about GES, what attendees can expect, what this means for Indiana and potential surprises that may come from the event. Learn more about GES at iges2022.com

It’s a bonus episode! This week, we are joined by our very own Senior Director of Innovation, Geoff Zentz, to launch a new challenge to the tech community: HungerTech. The HungerTech Challenge by AgriNovus Indiana will be a month-long technology challenge looking to use mobile-first technology to improve access to nutrition for people using the Supplemental Nutrition Assistance Program (SNAP). Running throughout the month of June 2022, the HungerTech Challenge will help entrepreneurs, students, technologists, and existing companies ideate and iterate toward a minimum viable product that can be launched in a pilot with the State of Indiana. Participants will receive access to AgriNovus research data, connections to subject matter experts and mentors, as well as one-on-one coaching to develop their idea. The winning team will be given the opportunity to launch their pilot during Q3 2022, be featured in a report to the United States Congress and receive $25,000 to launch their product to market. Learn more at agrinovusindiana.com/hungertech.

Corteva Agriscience announced Indianapolis would become its global headquarters in March, making them the 4th largest company in the state by market cap and the second publicly-held agbioscience company to choose Indiana in the last 18 months. Susanne Wasson, President of Crop Protection at Corteva, joins the podcast this week to talk innovation in plant science, how it’s shaping a more sustainable future and moving headquarters closer to technology and customers.

Farmers make decisions every day and while variables change year in and year out, one thing remains constant: it all starts with seed. This week, we are joined by CEO of AgReliant Genetics, Paul Nselel. They dive into his career path, from Nike to today, driving on-farm innovation and what’s next for the company.

Inspired by the senses at a young age, Matt Rubin has taken that curiosity to a new level in his adult years. The founder and CEO of True Essence Foods joins us this week to talk all things SoChatti Chocolate, his lingering curiosity driving innovation in food and the company’s approach to sustainability.

Clean resumes. Companies with strong values. Transparency and communication. These are a few things running through the minds of gen-z talent as they search for internships or early-career opportunities. This week, Gerry Dick from Inside INdiana Business is joined by Field Atlas Ambassadors - Baylee Dwenger from Hanover College and Sriya Nagubani of Purdue University for a panel episode about agbioscience, challenges in their search and what they look for in companies while on the job hunt.

Happy Earth Week! Farmers work tirelessly to be good stewards of the land and innovation enables them to make better decisions than ever before. This week, we are joined by Sustainability Lead at Advanced Agrilytics, Jane Stautz. They talk about data science creating actionable insights for farmers, advancing data precision in the future and the ways that agtech is allowing farming to increasingly become more sustainable.

The silver shovels were out this week as Elanco broke ground on their new global headquarters west of downtown Indianapolis. CEO of Elanco, Jeff Simmons, made one thing very clear: this is a new era at Elanco Animal Health. The company’s new facility includes many amenities; biggest among them is the epicenter for animal health innovation and the opportunity for innovators across the globe to collaborate on new ideas, create, incubate and scale new animal health companies right here in Indianapolis. This bonus episode of Agbioscience comes from the groundbreaking event as AgriNovus spoke with Jeff Simmons, CEO of Elanco, and Indiana Governor Eric Holcomb on what this new headquarters brings to the state – and the world.

Byproduct feed for chickens. Solar panels to power facilities. MPS Egg Farms recently announced a partnership with Kroger’s Simple Truth Brand to bring the world’s first carbon-neutral eggs to the United States. On this week’s episode, Mitch Frazier talks with Sam Krouse, VP of Business Development for MPS Egg Farms. They talk about what it takes to make eggs carbon-neutral, the partnership with Dutch-based company Kipster and when you will find these available in a Kroger store near you.

A new tech platform is giving artisan food entrepreneurs the opportunity to manage their business in one place – from website creation all the way to order fulfillment. This week, Mitch Frazier talks with Mark Josephson, founder and CEO of Castiron. They dive into Mark’s idea for the platform during a High Alpha Sprint Week, creating opportunity for entrepreneurs and how established systems of success will grow the artisan food industry.

Earlier this year, Ivy Tech announced the launch of their Garatoni School for Entrepreneurship and Innovation with the idea that entrepreneurs needed to know better than how to just run a company – they needed to know how to start one, too. This week, Gerry Dick hosts our monthly panel episode with Ronda Taylor, the statewide dean for Garatoni School of Entrepreneurship and Innovation at Ivy Tech, and Iris Hammel, executive director of RISE (Regional Innovation and Startup Education). They talk about the need for more entrepreneurs in Indiana, starting kids early with the idea of entrepreneurship as a career and how this program can connect startups to their local communities, enabling them to thrive.

From a fractured supply chain to an increasing desire from consumers to be more connected to the food they eat, some of the best innovations in agbioscience are birthed in times where opportunities for growth are presented. On this week’s episode, Mitch Frazier is joined by Dave Taiclet and Larry Page from Lewis and Clark Agrifood. They talk about the quiet disruptions that shift markets and gain the attention of investors, agbioscience being in the early innings of ESG and emerging trends they are carefully watching as our global food system continues to evolve.

Hello Nature and MPS Egg Farms recently announced plans to partner on a $50M Indiana-based specialty fertilizer manufacturing facility. Hello Nature CEO, Luca Bonini, joins Mitch Frazier this week to talk about the company’s new venture. They also talk about the role of bionutrients in a time where fertilizer is economically challenging to farmers, his definition of sustainability and what the future holds for Hello Nature.