Renaissance BioScience Named by AgTech Breakthrough Global Awards 2024 as “Crop Protection Solution of the Year”
Annual Awards Program Recognizes Innovation in Agricultural and Food Technologies around the Globe
Vancouver, Canada — September 4, 2024 — Renaissance BioScience, a leader in yeast bioengineering, is pleased to announce that it has been selected as the winner of the “Crop Protection Solution of the Year” award in the fifth annual Global Awards program conducted by AgTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies, innovations and products in today’s global agriculture and food technology markets.
In the area of global agricultural crop protection, Renaissance has developed and is commercializing through collaborative partnerships the world’s first yeast-based RNA interference (RNAi) precision biopesticide platform technology that can be individually customized to target many different pests. This technology offers a sustainable, environmentally friendly alternative to chemical pesticides by targeting specific essential genes in the pest of interest with precision and efficacy.
Dr. John Husnik, Renaissance’s CSO and Office of the CEO, commented on the AgTech Breakthrough Award: “The Renaissance team is thrilled to be awarded AgTech Breakthrough’s 2024 Crop Protection Solution of the Year for our revolutionary yeast-based RNAi biopesticide technology. Our Renaissance environmentally friendly solution is elegant and precise and can be applied to develop unique biopesticides targeting many different pest species. It also addresses important RNAi challenges such as the ability to manufacture at scale, durability, efficacy and cost. We think it’s a novel and innovative tool for creating the best crop protection solutions possible. This recognition from AgTech Breakthrough is an important affirmation of our technology’s potential, and we look forward to creating more innovative biopesticides for growers and producers worldwide.”
Bryan Vaughn, AgTech Breakthrough’s Managing Director, commented: “Renaissance’s RNAi technology is straightforward yet powerful. Almost 40% of annual crop production is lost due to pests with billions of dollars also lost due to invasive insects. More effective—yet environmentally friendly—pest management, strategies and solutions are needed to address this type of crop destruction. Renaissance’s ‘plug and play’ system harnesses the power of yeast as an innovation engine to address these challenges. The company’s advanced bioengineering platform is shaping the future of sustainable agriculture and industrial biotechnology. Congratulations on winning ‘Crop Protection Solution of the Year!’”
RNAi biopesticide platform technology can precisely target many different pests
Renaissance’s platform technology can be used to express specific RNAi bioeffector molecules in yeast strains. Target sequences for different pests of interest can be developed and inserted, resulting in the ability to create customized and unique strains. These strains are inactivated prior to product formulation and can be manufactured at scale for low cost. The biopesticide can be seamlessly integrated into traditional crop protection application processes, helping to streamline adoption by farmers and agricultural industries worldwide.
The biopesticide product is applied to the crop plants using traditional application methods. Once the inert yeast are consumed by the target pest, the RNAi bioeffectors are released inside the insect, effectively silencing the target genes and killing the pest. Any residual yeast degrades in the environment without harming humans, plants or other insects. One initial pest successfully targeted using this platform is the Colorado potato beetle (CPB), a notorious threat to the global potato industry due to its accumulated resistance to many pesticides. The company’s customized yeast strains are a practical, sustainable solution for large-scale agricultural use, and Renaissance is actively working with industry leaders to develop innovative crop protection solutions for other devastating pests.
About AgTech Breakthrough
Part of Tech Breakthrough, a leading market intelligence and recognition platform for global technology innovation and leadership, the AgTech Breakthrough Awards program is devoted to honoring excellence in agricultural and food technologies, services, companies and products around the world. The AgTech Breakthrough Awards program provides a forum for public recognition around the achievements of AgTech companies and solutions in categories, including farm management, indoor farming, IoT and robotics, FoodTech, analytics, and more. This year’s program attracted thousands of nominations from 15 countries around the world. For more information, visit AgTechBreakthrough.com.
About Renaissance BioScience Corp.
Based in Vancouver, Canada, Renaissance is a leading yeast bioengineering company whose platform technologies are used to develop innovative, market-ready, functional microorganisms that provide cost-effective solutions to address a broad range of environmental, health and industrial challenges. Renaissance technologies create products for multiple end-use industries, including food and beverage, agriculture, animal and human health, and energy. Detailed information about the Renaissance group of companies is available at www.renaissancebioscience.com.
For further media information or to arrange interviews:
Steve Campbell
Campbell & Company Strategies Inc.
Communications and Public Relations
Vancouver, BC CANADA
01 604 888 5267
For commercial or technology development inquiries:
Sam Lee
Manager of Business Development
Renaissance BioScience Corp.
slee@renaissancebioscience.com
Caution Regarding Forward-Looking Statements
This press release may include forward-looking statements with respect to the Company based on management’s opinions, estimates and assumptions considering its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that management currently believes are appropriate and reasonable in the circumstances. Generally, forward-looking statements can be identified using terminology such as “anticipate”, “will”, “expect”, “may”, “continue”, “could”, “estimate”, “forecast”, “plan”, “potential” and similar expressions. The forward-looking statements contained in this press release are made as of the date hereof.
Forward-looking statements contained in this press release may include, but are not limited to: statements with respect to the successful execution of the Company's business and investment strategy (including its business model), the Company’s intellectual property, entrance of the Company’s business into new markets, the use and benefits of its products and services, the Company’s favourable position in the market on a go-forward basis, demographic and market size/trends, forecasts of revenue and financial projections/growth potential, competitive analysis, projected milestones, go-forward management, go-forward capitalization, anticipated governmental and regulatory approvals and other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance, review and approval dates, start-up timelines and schedules and statements related to the continued overall advancement of the Company’s business.
By their nature, forward-looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward-looking statements. In addition, the forward-looking statements require the Company to make assumptions and are subject to inherent risks and uncertainties. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. There is significant risk that the forward-looking statements will not prove to be accurate, that the Company’s assumptions may not be correct and that actual results may differ materially from such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-looking statements.
Except as required by law, the Company undertakes no obligation to update publicly or to revise any forward-looking statements that are contained or incorporated in this press release. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
Back to all news