Private capital group forms in Kansas City area

Photo by Nicole Lunger
Photo by Nicole Lunger/Missouri Business Alert

Kansas State University, Bicknell Family Holding Co. and the former CEO of MRIGlobal have founded a private capital development firm in Leawood, Kan., designed to aid research and business development in animal health, agriculture and food science. Michael Helmstetter, formerly of MRIGlobal, is chief executive of the new company, Technology Acceleration Partners LLC.

The founding investors of the firm, called TechAccel, include Terry Dunn, CEO of JE Dunn Construction Group; Marty Bicknell, CEO of Mariner Holdings; Paul DeBruce, CEO of DeBruce Cos.; Gary Forsee, former CEO of Sprint; Greg Graves, CEO of Burns & McDonnell and Cliff Illig, vice chairman of Cerner. Helmstetter said they expect to finance six projects a year — “significant projects, certainly in the millions of dollars.”

Kansas State views TechAccel as a way to “more rapidly commercialize the results of research and development” in food science in the animal health corridor that stretches from Columbia to Manhattan, Kan.

Read more from the Kansas City Star

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