Circular Innovation Fund’s Post

📢 Danish Biotech Startup Raises €49m for Eco-Friendly Cellulose 💰 Danish biotech startup CELLUGY® has raised €4.9m in seed financing to develop its bio-fabricated cellulose production platform. The funding, led by ICIG Ventures and Unconventional Ventures, will accelerate the deployment and commercialization of Cellugy's EcoFLEXY fermentation platform and support product co-development partnerships. Cellugy aims to replace petrochemical ingredients in personal care products with its fully bio-based and biodegradable alternatives. The global cosmetics market is predicted to reach $415.29bn by 2028, providing significant opportunities for sustainable and environmentally friendly solutions like Cellugy's. #BioprocessUpdates #biotechstartup #seedfinancing #biofabricatedcellulose #EcoFLEXY #fermentationplatform #sustainablealternatives #biodegradable #personalcareproducts #cosmeticsindustry #environmentallyfriendly #ICIGVentures #UnconventionalVentures #productcodevelopment #celluloseproduction #globalmarketopportunities ▷ Read the full article here: 📎 https://lnkd.in/dG5Qgc-a

Danish startup CELLUGY® has raised €4.9M in seed funding to scale up their first-of-a-kind EcoFLEXY product, a fully bio-based and biodegradable alternative to fossil-based plastics. Founded in 2018, Cellugy’s bio-fermentation platform produces high-performing dry cellulose from sugar, providing a sustainable and scalable solution that fits seamlessly into existing manufacturing processes. This funding will help Cellugy transition from pilot phase to industrial-scale production, meeting the growing demand for sustainable materials. This is a key step in Cellugy's lab-to-market journey, demonstrating the importance of innovative leadership, strategic partnerships, and sustainable solutions in advancing from concept to commercial success. Learn more from Tech Funding News: https://lnkd.in/eBeE2hTD #Biotech #Sustainability #Innovation #LabToMarket #DeepTech #GreenTech #Investment

🦠Major milestone for Algiecel 🌱 Congratulations to the team at ALGIECEL securing a significant investment from West Hill Capital for the company’s next leap in their scale-up journey🚀 💡Algiecel’s innovative biotechnology uses microalgae to capture CO2 emissions directly from industrial processes, converting them into valuable sustainable products such as omega-3/fish oil - without using fish at all - for humans and pets🦠 3 years since the establishment of Algiecel, CEO Henrik Busch-Larsen and his team is now positioned to take the next leap. This is also very positive news for the Danish ecosystem within biosolutions in general. According to Jens Nielsen, CEO at BioInnovation Institute we see a beginning tendency of attracting more foreign venture capital to the sector, which is much needed to ensure growth, jobs and green transition💰👏🏻🌱🚀 Susanne Palsten Buchardt Jascha Jäger Tina Moe Katrine Villarreal Villumsen

Biotech startup AmphiStar, a leader in sustainable surfactant products, has recently been awarded a €2 million non-dilutive grant from SPRIN-D (Federal Agency for Disruptive Innovation). This brings the total funding secured by the Belgian innovator to €10 million this year. AmphiStar’s biotechnology platform utilizes synthetic biology to develop custom molecules that meet specific performance requirements. These tailor-made biosurfactants, derived from organic waste and side streams, not only provide an environmentally friendly alternative to conventional chemically produced surfactants (fossil- and biobased) and other commercial microbial biosurfactants, but also open up new opportunities for innovation in the cleaning, cosmetics, and personal care industries. Pierre-Franck VALENTIN, Sophie Roelants, Bernd Everaert To share your startup story write us on - contact@startuprise.co.uk #Amphistar #biotechnology #Innovation #News #startup #Funding #fundraising https://lnkd.in/gTRfGkeA

♻ What's hot in biomaterials, according to investors. 🌱 In our first-ever #InvestorInsight, Matthew sat down with three members of our #BioCapitalNetwork to hear their thoughts on the rapidly growing sector of #biomaterials - featuring Sarah from Zero Carbon Capital, Elisabetta from Rockstart and Joshua from Sustainable Ventures. 💭 Read on for insights on how each fund decides what to invest in, examples of the incredible biomaterial companies these investors have backed to date, what differentiates a biomaterial investment opportunity and practical advice for any biomaterial start-up currently fundraising. 🚀 Featuring highly innovative portfolio companies Biozeroc, Agoprene, Beyond Leather Materials ApS, Biotic, peelo, Biophilica, Mykor, PlantSea and Radiant Matter. Read the full article here 👉 https://lnkd.in/eeFTx9MV Active investor in the life sciences? Join the #BioCapitalNetwork here 👉 https://lnkd.in/eepcRVXQ Founder of C-suite of a life science company? Join the #BioFounderClub here 👉 https://lnkd.in/eqERqDzB #biobased #sustainablematerials #venturecapital #investment #circulareconomy #startup #innovation

The world of #plastics is undergoing a sustainable transformation, and bio-based alternatives are leading the charge!  🌱 Derived from innovative resources as alternatives to petroleum, these new materials offer eco-friendly solutions to the plastic pollution problem. Here are the top 5 trends driving the future of #bioplastics in 2024. 📈⬇️ 🔍 To dive deeper on the topic and the emerging companies leading this revolution, check our dedicated publication: https://lnkd.in/e_FH_rNX #Biotechnology #NewMaterials #CircularEconomy #Innovation #GreenTech #Startups #BioBasedMaterials #Linknovate #InnovationScouting #TechScouting #Circularity #Sustainability

The closing session of Industrial Biotechnology Innovation Centre Annual Conference 2024 is on Investing to Scale. Tracey Ward (previously Lynn) of Scottish EDGE introduced the session. Rhona Campbell of Investing Women Angels shared guidance on finding investment, emphasising the importance of timing and relationship building to secure long term value for the business. Dr Stuart Hannah shared the story of Microplate Dx Limited, a business developing life-saving diagnostic technology that enables very rapid selection of the best antibiotic regime to treat infection. He offered invaluable experience of securing investment to drive commercialisation of their technology. Nik Willoughby talked about Horizon Proteins technology to turn pot ale into animal fee. Their story captures the difficult nature of building a business. The company is currently developing a production site in Elgin. Craig Johnston discussed the investment journey of sustainable mycoprotein manufacturer ENOUGH. From an EPSRC Impact Accelerator Account award through various rounds, including Zero Waste Scotland, Circular Bio-based Europe Joint Undertaking (CBE JU), and VC funding. Most recently, Series C investments by World Fund and Cargill are enabling ENOUGH to continue to grow. These stories of taking exciting ideas from the lab bench to the market is a great close to another brilliant conference. They represent important experience of the challenges of turning biotechnologies innovation. We can also celebrate the successes of our community, knowing that biobased processes and products are making a positive impact out in the world.

Thanks to Cesar Francisco Trejo Muratore, one of our best-in-class Colleague by supporting ROELMI HPC - Società benefit in biotech field. Several opportunities gathered in these two days aiming to create assets and consolidate partners relationships to reinforce our biotech environement. Congrats Mario Bonaccorso for the organizaton of this significant event! #roelmi #biotech #biotechnology #cosmetics #foodsupplements #bioeconomy #circulareconomy #businessdevelopment

#Dutch-based Paques Biomaterials secures €14million in #funding to produce a biopolymer with the advantages of plastic but not the #disadvantages. Among the investors are impact investor Invest-NL and the NOM. Part of this investment round also includes a grant from Energiefonds Drenthe. “Energiefonds Drenthe has been very flexible and #accommodating about how this grant could work best for us”, says Joost Paques. It offers us maximum #flexibility, now and in the future.” The capital raised in this funding round will allow us to scale up by building a Caleyda Extraction Facility in #Emmen, where raw PHA will be #extracted into a high-quality biopolymer branded Caleyda®. Humanity has used nature without #considering the boundaries of ecosystems since the industrial revolution. Despite the #tremendous prosperity this has provided them, over time it has moved them further and further away from a state of planetary equilibrium. This cannot continue. Paques Biomaterials Energiefonds Drenthe Emma den Held Invest-NL Sytze Hellinga To share your startup story write us on - contact@startuprise.co.uk #paquesbiomaterials #funding #eustartup

TURN GREEN Tackles Startup Challenges at IPPIN Accelerator: It was a pleasure to share our insights and experiences at the recent CSIRO Indo Pacific Plastics Innovation Network (IPPIN) – a collective of researchers, innovators and investors redefining the life cycle of plastic (ippin.org). As a company dedicated to sustainability, TURN GREEN faced unique challenges and accomplishments in the startup world. From navigating regulatory hurdles to building a strong team, we've learned valuable lessons along the way. Key takeaways include: - The Importance of Networking: Building meaningful connections is essential for growth and success. - The Power of Resilience: Overcoming obstacles and adapting to change is crucial. - The Value of Agility: Being able to pivot and respond to market trends is vital. We're grateful for the opportunity to connect with other innovators and contribute to the conversation around sustainable startups. Thank you to CSIRO and the Australian Government for the invitation to be part of a community that's not just dreaming of sustainability but actively shaping its future. Join the movement: TURN GREEN www.turngreen.world / info@turngreen.world Our proud members HRK Group // GPS PLAS // PVA PRO JSC #Vietnam #sustainable #ecofriendly #bioplastics #biomaterials #biopolymers #innovation #flexiblepackaging #paperpackaging #naturalfiber