DES MOINES, Iowa — Ankeny-based agtech company PowerPollen℠ was named the Iowa Agricultural Technology Company of the Year during the Technology Association of Iowa’s (TAI) 2018 Prometheus Awards Thursday night.
Sponsored by Iowa’s Cultivation Corridor®, the AgTech Company award recognizes an agtech company that demonstrates industry leadership in the development and deployment of hardware/software agricultural technologies and applications. The nominees are judged on technology, which contributes to more efficient and sustainable agriculture, and on offering an innovative portfolio of products or services, which result in significant market advantage for customers and/or partners.
PowerPollen is an advanced yield enhancement technology that enables higher productivity in seed and grain production. The technology is designed to improve crop yield and genetic purity, cut down on resources, and reduce seed production costs by 20%.
Cultivation Corridor Board Chairman and Chairman & CEO Kent Corporation Gage Kent presented the award to PowerPollen CEO Todd Krone, who along with Chief Science Officer Mark Westgate, accepted the award on the company’s behalf.
During his acceptance speech, Krone said although he and other company founders did not originate from the area, they chose to start their business in Iowa. “It’s a great place to grow a business…it’s a wonderful place to be.”
In a statement made today, Krone elaborated on the reasons why he made the decision to build his business in Iowa.
“First of all, the quality of life in Central Iowa is exceptional, I’ve raised my family here for the last 18 years,” he said. “We had left the area in the 90’s to go back to Illinois where we had family, but after two years decided to come back to Iowa. Our story is so in-line with what you hear about the quality of life here in the Cultivation Corridor, it’s what we wanted to come back to for our family.
As far as growing a business in Iowa, the quality of workforce and expertise we needed was here. We did our due diligence and looked around and found we didn’t have to go to St. Louis or another region to get what we needed — it was already here, so we chose to stay.”
Krone added that the existing infrastructure in Iowa also played a role in helping the company founders decide to put down roots here.
“Being in the center of the corn/ag belt has been fantastic,” he said. “You can go in any direction and find the important stakeholders that we want to have as customers.”
Other nominees for the Agricultural Technology Company of the Year award included EFC Systems, GlobalVetLINK, John Deere ISG and Sukup Manufacturing Co.
Learn more about PowerPollen at powerpollen.com.