Member profile: Ceragen
Ceragen is a biotechnology company focused on helping farmers increase their crop yields through plant microbiome engineering. Ceragen is pioneering the field of precision microbiome engineering through inoculant products that are tailor-made for controlled environment agriculture.
In a short pitch, how would you describe Ceragen's offerings? What makes it innovative? What industry sectors and/or customers are you focused on?
Ceragen is developing probiotics for plants that increase crop yields. Their initial focus is the $2.4B global hydroponic greenhouse market where revenue per acre has flatlined because growers have run out of new ways to increase yields. Ceragen's probiotic products offer growers a new way to continue increasing crop yields.
Providing more detail, what is the value proposition of Ceragen's offerings? Examples could include the underlying technology, new capabilities, cost reduction, risk reduction, improved performance, new business model, etc.
Ceragen's first product, ACCelerate, has been shown to increase tomato yields up to 20%.
What is Ceragen's biggest achievement/success story to date?
Ceragen has already launched their first product to market and has onboarded several commercial greenhouse tomato growers.
What does the future hold for Ceragen?
Ceragen is continuing to develop additional products for use in all crop types, and is working to expand to the global market.
What is Ceragen's connection to the University of Waterloo?
The underlying technology behind Ceragen's product development pipeline was developed at the University of Waterloo.