Nine start-ups taking part in the IndieBio accelerator pitched their products and services to an audience of investors, academics, industry and scientific partners at a summer party and demo dinner in Cork.
The IndieBio Demo Day is the culmination of the €800,000 (US$900,000) investment made by SOSventures in the IndieBio accelerator programme.
The nine start-ups drawn to Cork from Austria, Canada, France, the US and other parts of Ireland have each received approximately $100,000 each, which is made up of cash investment, access to state-of-the-art lab space in University College Cork and mentorship from SOSventures’ global network of top experts from industry and academic partners.
The start-ups featured were:
Ageria: Developing foods beneficial to health and longevity.
Aranex Biotech: Creating a peanut without allergens
BioCellection: Creating an ocean-friendly fish-farming feed that provides the nutritional requirements of commercially farmed fish without relying on by-catch or trawler-caught fish produce.
Efflorus: Producing high-value fragrance compounds from micro-organisms.
GlowDX: Creating a diagnostic DNA computer for neglected tropical disease.
PiLi: Developing colours for manufacture from natural sources that won’t hurt the planet or customers’ pockets.
Prospective Research Inc: Working on a revolutionary way to discover new medicines from dirt.
Saphium: Designing bioplastic-producing ‘electricity-eating bacteria’ that eat CO2 and release cheaply-purifiable plastic granules, ready for big or small manufacturing, including 3D printing.
Sothic Bioscience: Guaranteeing the supply of critical medical safety-testing compounds and, in doing so, saving a number of endangered species, including the Horseshoe Crab.