BioHarvest Secures $1.4M Grant for AI-Driven Plant Cell Culture Research
BioHarvest Sciences Inc has received a grant of approximately $1.4 million from the Israel Innovation Authority to enhance its plant cell culture programs through AI and data science. This funding aims to shift research methodologies from traditional practices to data-driven optimization, potentially improving efficiency and yield in production.
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BioHarvest Sciences Inc has been awarded a grant of 4.33 million NIS (about $1.4 million) from the Israel Innovation Authority, aimed at integrating data science and machine learning into plant cell culture development. This marks the second grant received by the company this year, with the previous award focusing on industrial automation.
The funding will support a computational discovery engine that applies predictive machine learning to optimize plant propagation. Additionally, BioHarvest is advancing its saffron cell bank project and has expanded its collaboration with Tate & Lyle.
The company, with a market cap of $108 million, reported $35 million in revenue over the last year and maintains strong gross profit margins. This grant could facilitate significant advancements in optimizing plant-based production, enhancing competitive positioning in the biotechnology sector.
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