Agrology recently announced that the company received $500,000 in Phase IIB Funding from the National Science Foundation (NSF) to develop further Agrology’s real-time soil carbon and nitrous oxide emission monitoring technology. America’s Seed Fund is powered by the National Science Foundation (NSF) and awards $200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact.
America’s Seed Fund is for startups working across nearly all areas of science and technology, enabling them to receive non-dilutive funds to support research and development (R&D) and help de-risk technology for commercial success. The NSF award provides seed capital for early-stage product development and R&D, taking no equity in the company. The company retains full control over the team, the direction of work, and all intellectual property.
Agrology launched in 2019 with a highly selective National Science Foundation SBIR Award. And co-founders Adam Koeppel, Tyler Locke, and Kevin Kelly applied for their first award but assumed it would take a few tries. To their surprise, they won the grant on the first try and in 2019 Adam and Tyler left their corporate day jobs to focus on Agrology. The company then received a second SBIR Award in 2020. Now Agrology is a Public Benefit Corporation committed to protecting the economic viability of our farmers and the sustainability of our planet.
KEY QUOTE:
“NSF grants require an incredibly rigorous process and we are thrilled to pass this difficult milestone for a third time. This funding will enable us to expand our capabilities and ultimately assist farmers in measuring and reporting data that proves the efficacy and success of their climate-smart initiatives.”
— Adam Koeppel, Co-Founder and CEO of Agrology
