Tarsis Technology, a spin-out from the University of Cambridge, has reportedly inked a partnership deal with one of the foremost manufacturers of crop-protection products. The latest collaboration was announced by the Frontier IP Group which specializes in providing consultancy services and commercializing university intellectual property.
Reportedly, the latest agreement will facilitate the research and utility of patent-pending technology developed by Tarsis. The technology aims to deliver chemical fungicides and pesticides in a more controlled and precise way.
For the record, Tarsis Technology was established to commercialize technologies developed by a research group at the Department of Chemical Engineering and Biotechnology of Cambridge University. The team has been led by Dr. David Fairen-Jimenez, a Royal Society University Research Fellow and University Lecturer. As per trusted sources, the technology has immense potential for a wide range of industrial applications and is primarily based on particles known as metal-organic frameworks.
Speaking on the development, Founder and Director of Tarsis Technology, Dr. David Fairen-Jimenez was quoted stating that the firm is pleased to have joined hands with a notable company partaking in the global agrochemicals domain.
It has been reported that the said company is likely to fund the whole research program in exchange for the complete rights of Tarsis Technology’s intellectual property for a predefined array of agrochemical products. Sources claim that a royalty fee would be paid to Tarsis Technology for any commercially feasible products.
Commenting on the company’s latest achievement, Chief Executive Officer of Frontier IP, Neil Crabb was quoted stating that the firm has always focused on bringing together the innovations of university spin-outs and the expertise of renowned industry players. He further stated that the new collaboration is a testimony to the success of the firm’s novel approach that ensures latest technologies effectively meet real-world requirements.
Sources familiar with the development further claim that Frontier IP has agreed to lend approximately £150,000 as working capital to Tarsis Technology in return for stock options.