Key Takeaways:
- Elicit Plant, an agri-tech company known for reducing water stress in crops, plans to launch in the United States in 2025.
- Following its success in Europe, Ukraine, and Brazil, the company aims to address climate change and water scarcity in agriculture at the World Agri-Tech Summit in San Francisco.
- Elicit Plant’s technology, which has demonstrated a 20% reduction in water consumption and a 10% increase in crop yields, will be presented as a solution to the US’s drought challenges.
- The company is backed by a strong leadership team, emphasizing its readiness to contribute to sustainable agriculture on a global scale.
Elicit Plant (Profile), a pioneering agri-tech company, is gearing up for its United States market launch in 2025. The company has garnered attention for its innovative approach to combating water stress in field crops, a critical issue in the face of global climate change. With successful deployments in Europe, Ukraine, and Brazil, Elicit Plant is now poised to introduce its technologies to the US at the upcoming World Agri-Tech Summit in San Francisco on March 19 and 20, 2024.
Addressing the Challenge of Drought in US Agriculture
The United States agriculture sector faces significant challenges due to drought, which is identified as the third most costly weather disaster, accruing over a billion dollars in losses per event since 1980. On an annual basis, drought episodes cost the US economy an estimated $7.4 billion. In response to these challenges, Elicit Plant’s EliTerra® technology platform aims to offer a significant reduction in water consumption for field crops, addressing a key issue of water scarcity and its impact on yields.
The Science Behind Elicit Plant’s Success
Elicit Plant’s technology leverages the exogenous application of phytosterols, natural plant-derived molecules that enhance plant defenses against stress. This method has been validated internationally, showing an average yield increase of 10% in crops. The company has conducted 33 trials in the US over two years, yielding results that align with the success seen in Brazil and Europe.
Jean-François Déchant, CEO of Elicit Plant, expressed his vision for the company’s impact, stating, “We are at the dawn of an agricultural revolution, with solutions that protect the environment and ensure increased profitability for farmers despite recurring droughts and rising temperatures.”
Leadership and Strategic Vision for US Expansion
As Elicit Plant approaches its US market launch, the company highlights the strength of its leadership team, including Pam Marrone as Chair of the Board and world-renowned biosolutions expert. Marrone shared her insights on the potential impact of Elicit Plant’s technology, “Climate change and increasingly frequent droughts and heatwaves in the United States mean that we need to rapidly find innovations to secure the future of agriculture.”
The company’s strategic vision for expansion is further supported by Rachel Raymond, US Strategic Advisor, and Slavica Djonovic, the new Chief Scientific Officer based in Boston. This team underscores Elicit Plant’s commitment to leading the charge in sustainable agricultural solutions across the globe.
Elicit Plant Latest News
Welcomes Slavica Djonovic, Ph.D., as New Chief Scientific Officer (2024/03/11)
Elicit Plant has appointed Dr. Slavica Djonovic as its new Chief Scientific Officer (CSO). Dr. Djonovic is celebrated for her contributions to plant stress mitigation and has an illustrious career spanning over 20 years. Elicit Plant aims to empower farmers globally to combat water stress and scarcity, and Dr. Djonovic’s appointment heralds a new chapter of innovation and growth for the company.
Breakthrough in Agri-Biotech (2023/11/17)
French agri-biotech startup, Elicit Plant, has received European registration for its innovative EliTerra® technology-driven products. This allows the commercialization of two new products in the EU27 countries, expanding their market presence in Europe and beyond. Elicit Plant offers three products for different crops, each with demonstrated significant yield increases under drought conditions, helping farmers maintain income levels despite adverse environmental conditions.
Introduces EliSun-a: A Breakthrough in Sunflower Crop Yields (2023/09/22)
EliSun-a is a phytosterol-based agroecological innovation that aims to improve sunflower crops’ resistance to stress and enhance their natural defenses against water stress conditions. It will be available for order from distributors throughout Europe starting in December 2023. Elicit Plant plans to introduce new products for straw cereals by 2025.
Joins Top 100 Most Strategic French Companies (2023/06/21)
ELICIT PLANT, known for its pioneering role in mitigating the impact of climate change on agriculture, has been recognized as one of France’s 100 most strategic and innovative companies by 2030. The French Tech 2030 program aims to provide extensive public support to around 100 innovative companies amid fierce international competition. ELICIT PLANT is combatting drought conditions with its pioneering use of phytosterols, which helps the field crop industry manage water stress. Their flagship product, BEST-a, designed for corn production, reduces water consumption by up to 20%. The company is developing new products for cultivating wheat and barley in Europe, sunflower in Ukraine, and soybeans for the Brazilian market.
Unveils Platform to Reduce Crop Water Consumption (2023/06/01)
Elicit Plant introduces EliTerra®, a technological platform aimed at reducing water consumption in field crops by up to 20%. This innovation builds on the success of BEST-a, which allows corn to consume up to 20% less water. EliTerra® will help crops adapt to climate change, particularly in drought-prone areas. The platform is a product of extensive research on phytosterols, which are crucial for stress resistance in row crops such as corn, wheat, and soybeans.
Strengthens Its Board Of Directors With Two New Appointments (2023/04/02)
The company has appointed Dr. Pam Marrone as Chairwoman of the Board of Directors and Dr. Johan de Saegher as an Independent Board Member. Through its innovative technology platform, Elicit Plant focuses on developing solutions for abiotic stress management, such as drought. These appointments come at a moment when the company is expanding into new markets and seeking to diversify its product portfolio.
French AgTech Company Elicit Plant Validates Its Phystosterol-Based Tech (2023/02/16)
The company’s technology platform uses phytosterols to enhance crop resistance to water stress, which has significant implications for sustainable agriculture. With the growing threat of water scarcity due to climate change, crops’ ability to withstand drought is becoming increasingly important. Elicit Plant’s solution has been validated on a large scale, demonstrating consistent and high performance in global open-field trials. The +12% productivity gains achieved in reducing the impact of water shortage on corn crops are significant for the company and the agricultural industry.
Image provided by Elicit Plant
