September 03, 2014
DAVIS, Calif. - BioConsortia, Inc., an innovator in microbial science with consortia for improving plant traits and increasing crop yields, is pleased to announce the appointment of Joe Schmidt, as Senior Vice President of Business Development and Strategy.
Schmidt was most recently Director of Global Business Development and Licensing for Bayer CropScience. He supported the integration of AgraQuest after the 2012 acquisition by Bayer and helped to develop the global strategy for Bayer’s new Biologics business.
Prior to the acquisition, Schmidt was VP Business Development at AgraQuest. He developed new strategic initiatives which led to the establishment of AgraQuest’s BioInnovations division, new business alliances, and the signing of many of the company’s most important agreements.
“I have evaluated many companies and technologies for the crop input space,” Joe said. “BioConsortia has an incredibly elegant and inspiring R&D platform. Early results are very promising, so we are extremely excited about the future of this novel technology.”
Prior to Bayer CropScience and AgraQuest, Mr. Schmidt had a long history of business and product development roles in emerging ag tech companies following his early career in established firms such as Deere & Company, Cargill, and Koch Industries.
“I am delighted to be working with Joe again. He is a great business professional with deep knowledge of the microbial R&D and agricultural market,” said CEO, Marcus Meadows-Smith, “Joe has a proven ability to identify opportunities and close win-win deals that deliver commercial success.”
BioConsortia, Inc., is developing highly effective microbial consortia for increasing agricultural yields. Soil and plant associated microbial communities interact with and supplement the functions encoded by the crop genome. BioConsortia has developed a revolutionary R&D technology linking a powerful plant phenotypic selection process to high-throughput microbial screening and DNA-sequencing to rapidly identify microbial teams that confer beneficial traits onto the plants via seed treatment. BioConsortia has a pipeline of products for increased fertilizer utilization, growth improvement, and other valuable crop traits such as abiotic tolerance and enhanced metabolite expression. www.bioconsortia.com
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