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
Trade Arabia reports that the Oman Centre for Marine Biotechnology (OCMB) recently signed a memorandum of understanding with Swedish Algae Factory to support the domestic...
The Algae Biomass Organization (ABO) reports the introduction of the Algae Agriculture Act of 2018 (H.R. 5373), a bill that would give algae cultivators and harvesters ma...
Israeli-based Algatechnologies, Ltd. (Algatech) has become the major shareholder in Supreme Health New Zealand, Ltd. (Supreme) to supply the rapidly growing markets in Ch...
Global EcoPower (GEP), of Aix-en-Provence, France, has signed a 5-year partnership contract with the French Alternative Energies and Atomic Energy Commission (CEA). This ...
Foodbev.com reports that French marine ingredients company Algaia will install a new specialty seaweed extract unit at its facility in Brittany, France, after securing €4...
Algae and corals have been leaning on each other since dinosaurs roamed the earth, much longer than had been previously thought, according to new research led by scientis...
Dartmouth scientists have created a more sustainable feed for aquaculture by using a marine microalga co-product as a feed ingredient. The study is the first of its kind ...
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...
Cécile Barbière writes for Euractive.fr (translated by Rob Kirby) that, in large greenhouses formerly home to the tomatoes and cucumbers of the market gardening Groupe Ol...
Nature.com reports that swimming algae have been enlisted to carry drugs to individual cells, raising the prospect that such “microswimmers” could deliver targeted therap...
E.A. Crunden writes in thinkprogress.org that Florida’s first gubernatorial debate was dominated by environmental and climate issues, with an emphasis on the state’s alga...
Jason Huffman writes in UndercurrentNews.com that the Kampachi Company, a mariculture business focused on expanding the environmentally sound production of sashimi-grade ...