Secures $280,000 in grant by government
Origin Agritech Ltd., an agriculture technology company, has been awarded a grant of RMB 2 million (approximately $280,000) from the Xinjiang government. The grant aims to support Origin’s efforts to build a local Germplasm Bank in Xinjiang and the Company’s contract growing of Nutritionally Enhanced Corn (NEC) in the region.
Acclaiming government’s support and endorsement of the Company’s efforts, Dr. Gengchen Han, Chairman of Origin Agritech said that the “grant not only provides valuable resources for our work, but also serves as a significant validation of our efforts to modernize agriculture in China and contribute to regional food security”.
The Company believes that the grant signifies the government’s commitment to modernizing the agriculture sector and signals the potential for future support for initiatives aimed at improving the agricultural landscape in China.
Origin Agritech Limited, founded in 1997 and headquartered in Zhong-Guan-Cun (ZGC) Life Science Park in Beijing, is a leading Chinese agricultural technology company. In crop seed biotechnologies, Origin Agritech’s phytase corn was the first transgenic corn to receive the Bio-Safety Certificate from China’s Ministry of Agriculture. Over the years, Origin has established a robust biotechnology seed pipeline including products with glyphosate tolerance and pest resistance (Bt) traits.