Soy Innovation Challenge: Unearthing Innovative Uses For Soybeans

IARN — Innovation continues to push agriculture forward.

In fact, new data from the Environmental Protection Agency (EPA) suggests agricultural innovation helps reduce greenhouse gas emissions (GHGs).

Two organizations are calling on ag-tech startups to find new, innovative uses for one hot commodity.

The United Soybean Board (USB) and Yield Lab Institute (YLI) partner to present the Soy Innovation Challenge. Keith Tapps, past USB chair, offers additional insight into the program.

“The Soy Innovation Challenge calls on ag-tech startups and teams to disrupt the current soybean value chain and create value for soybean farmers through innovation and technology,” Tapps said. “This startup accelerator program will identify innovative soybean value chain-based product solutions and support the most promising ones with business coaching and entrepreneurial networking, and this will help us get more innovations to market where soybean farmers can utilize them.”

The Soy Innovation Challenge also seeks ideas “for the creation of new kinds of supply chain structures and technologies,” which meet three main goals.

“Offering more enhanced transparency, facilitating alignment based on measurable sustainability parameters, such as soil health and carbon sequestration, (and) increasing farm profitability while encouraging development and uptake of sustainable technologies on farms. These are the areas that could have big impacts on the profitability of soybean farmers in the future, and that’s what we want to support.”

Ag-tech startups, project teams or groups must submit their applications online by May 1, 2020. Visit www.unitedsoybean.org for additional information.

Story courtesy of the Iowa Agribusiness Radio Network.

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