Cheshire SME crowdfunding to tackle global food crisis
Our food supply will need to grow by more than 70% to support the growing population, and farmers are under mounting pressure to optimise the yield per hectare of their current land, while also protecting crops from the pests and diseases which would otherwise spoil them.
Cheshire-headquartered Redag Crop Protection is an SME looking to address this, and take its own approach to a global stage. Operating from its base at Alderley Park, the company focuses on developing novel fungicides, herbicides, insecticides and nematicides using its trademarked Redox Switch™ technique; modifying newly patented molecules to create new compounds.
Buoyed by a successful £1.4m round of fundraising last year, and a healthy pipeline that has attracted interest from companies in the USA, Redag has now opened the door to the investor public to support the company by listing on equity crowdfunding platform, InvestingZone.
Redag CEO Bill Thompson said: “The investment we’ve received over the last few years has enabled us to make steady but sustained progress on a number of exciting compounds.
“Pressures on the world’s food supply are set to affect us all and we’re hoping that the investor public will be attracted by the chance to back an ambitious company looking to be part of the solution.”
InvestingZone offers its registered investors the opportunity to buy shares in early-stage companies and benefit from up-front income tax relief of up to 30%, thanks to the Enterprise Investment Scheme (EIS), which is designed to support entrepreneurship.
Norman Molyneux, chairman of InvestingZone said: “Redag has been an attractive option for institutional investors; a fact borne out by two successful rounds of fundraising, supported by Acceleris Capital.
“We’re incredibly pleased to add the company to InvestingZone platform, and offer a wider investor base the chance to take a share in an established innovator in the agri-chem sector.”
Published: 31 July 2017