[UK] TeeGene Biotech, a spin-out from Teesside University, has secured a major funding boost from the Biotechnology and Biological Sciences Research Council (BBSRC) Network.
The start-up based at Teesside business and science park at the Wilton Centre aims to extract high value chemicals from algae, plants and microorganisms.
The grant will enable TeeGene to undertake a project to explore the use of naturally occurring microorganisms, microalgae, in the treatment of industrial waste water as well as their potential as a high value chemical ingredient.
Dr Pattanathu Rahman, director of TeeGene Biotech, said: “Microalgae are a promising source of biofuel and high value chemicals and nutraceuticals.
“However, there are major technological challenges limiting the extent to which microalgae can be used in this way which the BBSRC funding will enable us to explore them further and try to overcome any obstacles.”
Among the various bioactive compounds produced by algae, biosurfactant and bioemulsifiers are attracting major interest to make consumer products and find applications in various industries including food, cosmetics and antimicrobials.
The biosurfactant market in Europe is already worth £511m and is expected to grow to £1.35bn by 2030.
Photo: Dr Pattanathu Rahman
View original article at: Teesside Uni spin-out secures funding boost