Venture Capital Firm Omnivore launches OmniX Bio to back early age startups

• ByTejika Bajaj     |    December 21, 2021

Agritech venture capital firm Omnivore has recently announced the launch of OmniX Bio, an initiative to back the early age startups in the field of agrifood and life sciences. Omnivore did not disclose the size of the initiative or the investment programme. 

The program is aimed at supporting Indian entrepreneurs who are working in the fields of agricultural biotechnology, novel farming systems, bioenergy and biomaterials, as well as innovative foods, including alternative protein.  

Omnivore revealed in its official statement that the OmniX Bio initiative will provide venture funding, mentorship from global agrifood life sciences leaders, institutional partnerships, and business development support to access domestic and export sales channels.

All members of the Omnivore team will support OmniX Bio, Omnivore said, adding that a doctor of philosophy (PhD)-holder life scientist will join the investment team in 2022 to oversee the initiative and help develop the agrifood life sciences ecosystem across India. 

Commenting upon the recent launch, the Managing Partner at Omnivore, Mark Kahn said, “We are excited to launch OmniX Bio to help reboot the agrifood life sciences ecosystem in India. Technological advances in this space can effectively solve some of the toughest challenges in Indian agriculture. OmniX Bio has already backed a startup named BioPrime, which develops biological crop inputs that enhances yields without harming the environment or the health of farmers and consumers.”

The venture capital firm did not give details of the investment.

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