271. BONUS: Winning the 2023 Producer-Led Innovation Challenge

Agbioscience

In partnership with the Indiana Corn Marketing Council and Indiana Soybean Alliance, the 2023 Producer-Led Innovation Challenge tasked companies, entrepreneurs, students and innovators with creating new revenue streams from current on-farm processes to increase efficiency and return on investment for producers’ operations.

FiberX, the winning team of this year's challenge, works with corn growers to source and convert corn stover into a feedstock for the chemical and materials sectors. The company’s product portfolio includes natural fiber-reinforced plastic polymer pellets and fiber for the plastic injection molding industry, focusing on customers producing durable products for long-term use such as outdoor furniture. Their team, comprised of Dave Skibinski, Wade Lange and Tom Santelli, has already received a Manufacturing Readiness Grant from Conexus Indiana and an Innovation Voucher for Elevate Ventures. As winners of the Producer-Led Innovation Challenge, FiberX receives $25,000 to help accelerate commercialization of their solution.

Dave Skibinski joined us following the winners announcement to talk about how the FiberX team will use their $25,000, creating new revenue streams for the farmer and what's ahead for their company.