The University of Illinois has been awarded $4.5 million by the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to create and commercialize carbon credit tools.
EnterpriseWorks startup Aspiring Universe, will be in charge of the commercialization of this project to achieve ARPA-E’s “technology-to-market” goal. Aspiring Universe is a farming financial risk modeling company that aims to de-risk and sustain modern agriculture for humanity.
“We are developing novel technology to enable a thriving market-based solution to promote agricultural sustainability. Our developed technology will enable a carbon credit market, which will incentivize farmers to adopt management practices that benefit the soil, the environment, and then reward themselves,” says Kaiyu Guan, founder of Aspiring Universe and Blue Waters Professor in the Department of Natural Resources and Environmental Sciences and College of ACES at the University of Illinois at Urbana-Champaign.
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Aspiring Universe’s Achievements: