A CNU venture capital firm, founded by students, succeeded in developing a biopesticide/fertilizer mixture. After an intensive ten-year research, Prof. Kim Kil-yong (Major of Biological and Environmental Chemistry, Department of Applied Bioscience & Biotechnology, College of Agriculture & Life Sciences) has succeeded in developing the new biopesticide/fertilizer mixture. Prof. Kim and his students founded a campus venture capital firm named ‘Heuksarang (Earth Love) Co. (CEO: Chai Dong-hyun, Doctor’s Degree Course Student)’. Based on Kim’s research results, they repeated laboratory and farming experiments for three years and finally succeeded in commercializing the invention. Prof. Kim and the venture firm ‘Heuksarang’ conducted experiments on a farm located at Soobuk-myon in Damyang-gun County. The results of field experiments proved this newly-developed mixture is quite effective in increasing agricultural production and preventing damage caused by repeated cultivation as well. The effective use of biological pesticides, called biopesticides, can promote their adoption in agriculture. Biopesticides are certain types of pesticides derived from such natural materials as animals, plants, bacteria, and certain minerals. They pose fewer health and safety concerns than conventional, chemical pesticides. Certain strains of the soil bacteria Pseudomonas fluorescens have anti-fungal activity that inhibits some plant pathogens. Pseudomonas fluorescens and other Pseudomonas and Xanthomonas species can increase plant growth in several ways. They may produce a compound that inhibits the growth of pathogens or reduces invasion of the plant by a pathogen. They may also produce compounds (growth factors) that directly increase plant growth. These plant growth-enhancing bacteria occur naturally in soils, but not always in high enough numbers to have a dramatic effect. In the future, farmers may be able to inoculate seeds with anti-fungal bacteria, such as P. fluorescens, to ensure that the bacteria reduce pathogens around the seed and root of the crop. Heuksarang signed with Namhae Chemical, manufacturing company, for consignment sales worth 550 million won. The Namhae Company not only supplies all the needs of Korean agriculture, but makes good sales overseas. Korean fertilizers are of very high quality and are now exported to some 30 countries. Compared with the microorganisms contained in conventional pesticides, the new mixture can make the microorganisms survive over two years and the price is much lower to 1/500. Heksarang pledged to donate 25 million won for the University Development Funds.