Under the agreement, AATF receives a license to Arcadia’s Nitrogen Use Efficiency (NUE) and Salt Tolerance technologies for use in African rice. As part of Arcadia’s stated commitment to agricultural and environmental improvement in the developing world, the company will not receive monetary compensation for the research and commercial rights granted in the agreement. In addition, Arcadia will complete the early-stage research and development work for the project and will provide improved rice lines to African research collaborators for field-testing.
The African Agricultural Technology Foundation (AATF) is an African-led charity designed to facilitate and promote public/private partnerships for the access and delivery of appropriate proprietary technologies with potential to increase the productivity of resource-poor smallholder farmers in Sub-Saharan Africa.
Press Release AAFT 24/04