Stockton awarded €1 million in research budget from EU

Date:08-13-2013

Stockton, an Israeli Group which specializes in the development and marketing of eco-friendly solutions for the crop protection market, and ten other organizations, jointly won a budget of over € 8 million from the European union.

The budget is earmarked for the research and development of novel biological pesticides and fungicides. Stockton, whose share of the total budget is approx. euro 1 million, 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, which is led by Copenhagen University, is expected to take three years. 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, commented, "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 which will be of value to the European and global agriculture."

Known for its stringent standard policy on clearing substances for agricultural use, the European Union is planning to phase out many products in addition to the many hundreds of molecules which have been discontinued following many decades of intensive use by growers. In these initiatives, the EU is sending a strong message of support to the crop protection industry, as well as a confirmation of Stockton Group”s position in the forefront of developing the next generation of pesticides.