Click here for more information about Algenuity
Click here for more information about LiqofluxPhenometrics Buy 3 Get 1 Free
Visit cricatalyst.com!Evodos Separation Technology

Scale Up

Algae business accelerator gets a green light

October 11, 2018
AlgaeIndustryMagazine.com

Erica Leal and Peter Ralph work with a benchtop algae bioreactor.

Australia’s first biotech accelerator dedicated to innovation in algae-based products and services is open for business, with applications being sought from New South Wales (NSW)-based startups and small businesses.

The Green Light accelerator program is a result of a successful University of Technology Sydney (UTS) partnership with the NSW Department of Industry through the Boosting Business Innovation Program that helped establish the Deep Green Biotech Hub in 2016.

The five-month program gives successful applicants access to seed funding up to $20,000, as well as R&D support, research expertise and mentoring, masterclasses and networking opportunities through targeted events.

“At the end of five months we hope to have a number of teams with a scalable business solution that can be taken to the next level in terms of being able to raise venture capital,” Deep Green Biotech Hub founder Peter Ralph says.

Algae contain compounds that are valuable and useful, and Hub Manager Alex Thomson says Green Light is a unique opportunity to develop “new and improved companies that will operate in the burgeoning algae bioeconomy. Priority will be given to projects based on a sustainable approach to doing business.”

Deputy Premier and Minister for Small Business John Barilaro says the Green Light accelerator program is a fantastic example of the NSW Government helping entrepreneurs tap into top-notch research provided by the university sector.

“The NSW Government’s $18 million Boosting Business Innovation Program brings great business and academic minds together to create new products and ideas. As a government we want to be doing everything we can to create the right environment for people to launch a startup and get the support they need to make sure it succeeds.”

Green Light is supported by the Deep Green Biotech Hub and will leverage the algae biotechnology experience of the UTS Climate Change Cluster (C3) – one of the world’s leading interdisciplinary research institutes specializing in algae biotechnology.

Read More

More Like This…

Copyright ©2010-2019 AlgaeIndustryMagazine.com. All rights reserved. Permission required to reprint this article in its entirety. Must include copyright statement and live hyperlinks. Contact editorial@algaeindustrymagazine.com. A.I.M. accepts unsolicited manuscripts for consideration, and takes no responsibility for the validity of claims made in submitted editorial.

twittertopbarlinks_eventstopbarlinks_requesttopbarlinks_archives

From The A.I.M. Archives

— Refresh Page for More Choices
Sophie Kevany writes in Decanter.com that a group of vineyards in France’s Bordeaux and Cognac regions are exploring whether algae can be used to prevent the fungal infec...
Skara Bohny reports in Stuff.co.nz that New Zealand’s Cawthron Institute is receiving funding as part of the High-Value Nutrition’s (HVN) National Science Challenge to de...
Gerard de Souza reports for the Hindustan Times that researchers at the CSIR-National Institute of Oceanography Goa (India) have found a cleaner, cheaper method to grow b...
Globally, an increase in water pollution is pushing scientists and environmental care specialists to seek best ways of preserving and maintaining sources of safe drinking...
Judith Lewis Mernit writes in e360.yale.edu that an experiment being conducted by animal science professor Ermias Kebreab at the University of California, Davis, is testi...
Baillargues, France’s Microphyt, a leading company in microalgae-based natural solutions for nutrition and well-being, has announced a fundraising of €28.5 million (US$32...
The Swiss Algae Consortium Association (SWALG) was founded in May 2018 as a non-profit organization that serves as a platform for algae-related activities in Switzerland ...
AlgaEnergy, a Spanish biotechnology company specializing in the production and commercial applications of microalgae, and Yokogawa Electric Corporation, a leading provide...
Paris-based Solabia Group (“Solabia”) has acquired Algatech Ltd., a global leader in the development, cultivation and commercialization of ingredients delivered from micr...
Alexander Richter writes in thinkgeoenergy.com that Israel-based Algaennovation last week signed a 15-year contract with Icelandic energy utility and operator ON Power fo...
San Diego, CA and Kailua-Kona, HI-based Cellana, Inc. has signed an Asset Purchase Agreement with Cyanotech Corporation for the sale of Cellana’s six-acre production and ...
Researchers at Los Alamos National Laboratory and partner institutions have provided the first published report of algae using raw plants as a carbon energy source. The r...