European boost for global food security: Dutch biotech Solynta gets €20 million EIB backing for highly disease resistant potato varieties
Netherlands, July 18 -- The European Investment Bank (EIB) has signed a €20 million venture debt financing agreement with Dutch biotechnology company Solynta, to accelerate the development of potato varieties with enhanced resistance to disease and resilience to climate change. Solynta will use the EIB support for its research into the use of true potato seeds instead of traditional tubers for cultivation.True potato seeds, unlike larger and heavier tubers, don't spoil during transportation and long-term storage for the next crop season, boosting the chances of a successful harvest and enhancing global food security. The EIB backing for Solynta takes the form of venture debt and is supported under the European Commission's InvestEU pr...
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