3F Bio (Scotland, UK) and MetGen (Finland) were both acknowledged by their peers as industrial biotech leaders at this year’s European Forum on Industrial Biotechnology and the Bioeconomy, #EFIB2016.
3F Bio, a technology spin-out company from University of Strathclyde, was voted strongest proposal for funding by a panel of venture capitalists at EFIB's first ever PitchFest. 3FBio won the pitch for their potential to transform the production economics of mycoprotein (commonly known by the brand name Quorn™) through integrated production within existing large scale biorefineries. Their process delivers both conversion cost efficiencies through a zero-waste process alongside the current production of bioethanol and high protein livestock feed, and unlocks capital efficiency by simplifying fermentation technology.
MetGen received the coveted John Sime Award for best innovation presentation for their progress in designing enzymatic processes to unlock the potential of wood and forestry residues as a future feedstock for bio-based products. Each year EFIB dedicates an award to John Sime who played a pivotal role in the early development of the Forum and to recognise his commitment both to the event and to the bioeconomy. John Sime’s own background as an R&D director for an SME ensured he was a keen advocate of new science and technology. To reflect this, an award is presented in his memory for the most innovative idea responding to societal and environmental challenges. Having worked with John at Biosciences KTN, this award is very close to our hearts.
See the full press release on the Europabio website.