Venture capital deal brings probiotics in from the cold

摘要

EnCoate,the 50/50 owned AgResearch and Ballance Agri-Nutrients Joint Venture Company,recently announced it is close to signing a multi-million dollar deal that will see an injection of venture capital money to finance the development of a revolutionary line of probiotic formulations that will enhance food products.Once the agreement is signed EnCoate will receive 6.3 million in investment from one of Australasia's biggest life sciences venture capital funds.