IBI-Ag is focused on discovering and developing new types of biological solutions for insect control that utilize environmentally friendly technology.
IBI-Ag products offer a cost-effective, potent alternative to products currently on the market. The breakthrough technology presents a new mode of action, making it an effective alternative to technologies that focus solely on the insect’s nervous system and are unsafe for human consumption.
Trendlines’ director: Nitza Kardish
Founded: April 2017; incubated July 2018
Stage: Technology development
Investors: The Trendlines Group, Bayer Trendlines Ag Innovation Fund
Achievements: Optimization of the target agent; completed first plant, greenhouse study
A market for bioinsecticides is growing rapidly each year due to their low toxic impact on humans, animals, the environment, and increased legislation against traditional pesticides. With insects causing billions of dollars annually, the agricultural market is still largely dependent on synthetic pesticides for crop protection, despite their toxicity and reduced efficacy because of increased insect resistance. Broad crop distribution continues to spread the insect pest problem globally, producing a dire need for novel and effective organic formulations.
As chemical insecticides become less effective and are subject to increasingly stringent regulations, growers are more willing to try biological options because they cost less and offer a greener, more effective option. Today, biopesticides make up only 5% of the total crop protection market, approximately $3 billion in value worldwide (Olson et al., 2013).
The bioinsecticides sector is projected to reach $4.5 billion by 2023, at a CAGR of 8.6%, to comprise more than 7% of the total crop protection market (Lux Research, Inc.). IBI-Ag is positioned at the forefront of developing new technologies in the biopesticides market as its novel solutions help solve the global insect epidemic.
Controlling insects using novel biological technology
Rony Oren Benaroya, PhD, CTO
Autonomous system for detection and monitoring of crop diseases
Commercial production of materials from microalgae
Accuracy in fruit yield estimation
Robotic system for vegetable greenhouses
Increased mobility of agrochemical actives in plants
Enhancing fish growth
Delivering high-quality protein with edible grasshoppers