IBioIC injects key capital into Scottish bioeconomy with new fund

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IBioIC says its Facilities Access Fund will allow companies to apply for grants of up to £10,000 to support critical research and development projects, with the funding believed to be the first of its kind available in the sector.

The initiative was designed to improve access to Scottish university facilities – including IBioIC’s two scaling centers – considered essential for the development of new bio-based processes and materials.

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IBioIC says the new fund has been designed to facilitate and encourage access to Scottish university facilities. Photo: Heriot-Watt University.

The Center also said that projects must be led by an industrial partner and can cover various biotechnology applications such as biorefining, food and beverages, biomanufacturing, waste management, textiles and agritech, grants enabling businesses to secure rapid access to facilities and vital expertise. to accelerate innovation.

Companies wishing to access the fund are invited to contact IBioIC to discuss their application first, before having their application carefully assessed.

Liz Fletcher, Director of Commercial Engagement at IBioIC, said: “Developing bio-based alternatives represents an important step in our move away from petrochemicals and carbon-intensive raw materials, and will make manufacturing much more sustainable in a whole range of sectors. This fund is designed to support companies looking to unlock these opportunities by leveraging local assets.

“We know that our members, especially [small and medium-sized enterprises] – asked for this type of support, which can often be one of the most expensive elements of an innovation project.

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