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Rosetta Green Awarded Biofuel Grant from Canadian, Israeli Foundation

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Rosetta Green, the agbio subsidiary of Rosetta Genomics, said this week that it has received a three-year grant totaling $431,800 to develop enhanced non-food crops for biofuel production.

The grant was awarded by the Canada-Israel Industrial Research & Development Foundation, Rosetta Green said.

The company said it would coordinate with Canada's Agrisoma Biosciences to develop canola with improved traits such as increased oil content. Rosetta Green will specifically identify microRNAs that could “support” these improved traits, it said.

The companies will pay royalties to the CIIRDF on products commercialized under the partnership until 100 percent of the grant has been re-paid, Rosetta Green noted.