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Agosto 12, 2022 - < 1 min

Argentina's commitment to biotechnology enterprises

GridX seeks to link scientists working on biotechnology projects with entrepreneurs, and bets on the important scientific tradition of Argentina.

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Did you know that there are bee breeders who sell pollination services to farmers? In fact, according to Bloomberg, they help 70% of the world's crops, according to Bloomberg, they help 70% of the world's crops and, in the U.S. alone, they bill US$435 million a year for their services. Beeflowan Argentinean biotechnology company, has developed a nutrient compound that allows bees to improve their bees to enhance their immune system, improving their ability to function when there are, improving their ability to function when temperatures are low and increasing their number of flights by up to 70%. The result: Can double the pollination capacity of bees.

Beeflow is part of the investment portfolio of GridX, a startup accelerator focused on Argentina's biotech sector. The accelerator, which is halfway to reaching its US$50 million capital raising goal, has attracted the interest of several Argentine corporate heroes, including Marcos Galperin of Mercado Libre leading the way. In fact, the accelerator's chairman is Miguel Galuccioformer president of Argentina's state-owned oil company YPF and founder of a successful oil company, Vista Oil, focused on exploiting unconventional oil and gas deposits.

GridX seeks to link scientists working on biotechnology projects with entrepreneurs, and is committed to the important scientific tradition of Argentina, which has three Nobel Prize winners in medicine and chemistry. The accelerator has 42 companies in its portfolio.. GridX counts among its contributors these and other Argentine corporate heroes, as well as U.S. investor Paul McEwan, specialized in biotech investments, and family offices from Argentina and Mexico.