Biotech projects share £20m fund

The winners of a multi-million pound competition aimed at bringing innovative biotechnology projects to market have been unveiled. A total of 23 projects, which include projects that make biofuel from […]

By Priyanka Shrestha

The winners of a multi-million pound competition aimed at bringing innovative biotechnology projects to market have been unveiled.

A total of 23 projects, which include projects that make biofuel from household waste, will share a £20 million fund from the Industrial Biotechnology Catalyst.

It was introduced earlier this year to support collaboration between researchers and the industrial biotechnology sector – predicted to be worth up to £12 billion by 2025.

Business Secretary Vince Cable said: “Whether it’s developing new antibiotics or producing plastics from plants, this funding will help our talented researchers across the UK continue to bring their innovative ideas to market.”

Yesterday a £60 million investment to help community-scale renewable projects across the UK was also announced.