In the latest win for Sydney’s Verschuren Centre biotech hub, agtech startup CoteX Technologies has relocated from India to use the facility.
Founded in 2018 by chemical engineer Santosh Yadav, CoteX uses a process called thermoforming to apply delayed-release coatings to fertilizer pellets more cheaply than existing methods.
“Polymer-coated fertilizer exists in the market, but our innovation is we can make it at much lower cost without sacrificing the quality,” Yadav said in an interview. “So, we can break the barrier of poor adoption of these products, which happens because the cost is