Ag Startup Engine (ASE), at the Iowa State University (ISU) Research Park, announced an initial $50,000 investment in Ames, Iowa based startup Haber Technologies, Inc, a company founded by a pair of Iowa State University alumni which is commercializing grain bin drying technology to eliminate post-harvest loss.
With their innovative grain bin drying system, the DRI-Stack, Haber reduces damage and spoilage once corn is harvested. Their system will allow farmers to harvest earlier, reduce utility costs, increase corn grade and longevity, increase safety, and make drying a faster process.
Dillon Hurd, the startup’s co-founder and CEO, said of the investment, “This seed round will allow us to bring Haber fully into the market, to commercialize the technology which, last year, we proved works. We’re very thankful for all our partners and participants and are excited to join the Ag Startup Engine.”
“Haber Technologies is named for the Haber-Bosch Process, which produces nitrogen fertilizer and revolutionized yields, allowing our ag community to feed the world. Here at Haber, we are focusing on the other side of the equation, post-harvest preservation. We will be able to increase food available by mitigating usual food loss due to mishandling,” Hurd also said.
Ag Startup Engine is excited to welcome the startup into its portfolio. “Haber is deploying a technology that will keep stored grain in better shape at less cost. It’s a compelling value proposition and we’re excited to provide help in moving it to the marketplace,” said Kevin Kimle, ASE co-director.
“Dillon and Eric [Harweger, co-founder and CTO] are a terrific team, and are a great addition to the Ag Startup Engine community,” Kimle added.
Over the next year, the ASE will add up to three more agriculture technology startups like Haber Technologies to the portfolio ranging from animal health to precision agriculture.
The Ag Startup Engine was launched nearly three years ago to help address two fundamental gaps that prevent agricultural startups and entrepreneurs from being more successful: early seed-stage investment and organized mentorship from successful entrepreneurs.
Visit http://www.agstartupengine.com/ for more information.