Eleven organizations jointly won a budget of more than euro 8 million from the European Union for the research and development of novel biological pesticides and fungicides.
Stockton, an Israeli group that claims to specialize in the development and marketing of eco-friendly solutions for the crop protection market, will receive approximately euro 1 million. Stockton is responsible for researching natural substances for agricultural applications and to developing crop protection products based on these agents.
The research work of the consortium earning the EU funding is led by Copenhagen University, and funding will span an expected three years of research. The consortium's partners include four universities dedicated to basic research, two universities that focus on collecting plant material from various regions of the globe, a raw material manufacturer, commercial pharma and cosmetics companies, and Stockton, which is responsible for the pesticide aspect of the new developments.
Ziv Tirosh, CEO of Stockton, said, "We are proud to be part of the development of a new product with some of Europe's leading universities in this area and the Weizmann Institute from Israel, with which we are collaborating in several other projects. We thank the European Union for its vote of confidence in trusting the product development to us. Together with our consortium partners, we look forward to creating new bio products that will be of value to European and global agriculture."
Known for its stringent standards policy on clearing substances for agricultural use, the EU is planning to phase out many agricultural products in addition to many hundreds of molecules that will be discontinued following decades of use by growers.
Stockton has the goal of developing, manufacturing and marketing eco-friendly crop protection solutions and has already developed products with natural agents combined with classic pesticides.