TSB & Innovation Norway funding opportunity

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Abstract: 

IB is defined as “the use of biological substances* for the processing and production of enzymes, chemicals, materials and energy”.

*plants, algae, marine life, fungi, micro-organisms

The estimated global market for IB by 2025: £150 bn - £360 bn

Whilst for the UK: £4 bn - £12 bn

Across a range of sectors: personal care, pharma, food/drink, biofuels & other chemical sectors.

IB can play a critical role in maintaining UK competitiveness in global markets and in the creation of a low-carbon knowledge-based economy in the UK.

Author(s): 
Michelle Carter
Link / Ref: 
Docplayer
Attachment: 
PDF icon 04. Sustainable Chem Manufacture Call, Michelle Carter, BKTN.pdf
Article Source: 
Technology Strategy Board - Driving Innovation
Category: 
Ecological Services
Economics
Uses of Seaweeds: Chemicals