Investment
EU-funded projects push algae into industrial production
European projects are turning algae into a serious industrial resource. The Circular Bio-based Europe Joint Undertaking (CBE JU), an EU public-private partnership, backs the work. It spans microalgae biorefineries, seaweed farming and algae-based proteins. Algae hold proteins, lipids, pigments and…
Singapore invests S$118 million to grow its bioeconomy
Singapore is investing S$118 million (about US$92 million) to grow its bioeconomy. The new Bioeconomy Funding Initiative (FI) sits under the Research, Innovation and Enterprise 2030 Plan. It aims to help energy and chemicals companies develop and commercialise bio-based solutions.…
UMass Amherst launches $120M biofood innovation initiative
The University of Massachusetts Amherst has launched a $120 million Future of Food Initiative. The bio-focused program will fund new research facilities and accelerate biomanufacturing and interdisciplinary bioscience solutions to global food system challenges. Funding comes from four tranches of…
MicroLub secures $10M to scale fat-replacement biotech
MicroLub, a spinout from the University of Leeds, has closed a $10 million funding round led by Northern Gritstone. The investor contributed £4 million of the £7 million total raised. Every investor from the company's previous round participated, including NPIF…
BNP Paribas and EIF back AFYREN with €12.5M Venture Debt facility
AFYREN, a French green chemistry company specializing in bio-based organic acids, has secured a €12.5 million venture debt facility provided by BNP Paribas. The financing is supported by the European Investment Fund under the European Union’s InvestEU programme, an initiative…
React Foods raises funding to scale gas protein biomanufacturing
React Foods, a bio-based spinout from Aarhus University, has entered the gas protein space with a biotech platform built on cross-institutional research. The Danish biomanufacturer is commercializing work developed with Stanford University, the University of Tübingen and the Novo Nordisk…