Chitopolymers SMART Award and Business Plan
Created on Monday, 30 November 2015 14:21
Written by Dr. Cait Murray
Chitopolymers, the aspirational spin-out from Strathclyde have completed their business plan and submitted their SMART Scotland application with the assistance of SSC.
For the past 18 months SSC have been working with the scientific brains behind the project to identify the viable business opportunity within all their skills and innovative ideas relating to Chitin and Chitosan. The challenge has been to narrow the field to the directions with the greatest potential for creation of IP, for swift access to market and also greatest interest to the founders.
The result is pleasing. Chitopolymers will recycle and upcycle waste from the fishing industry, specifically langoustines, and create a new biodegradable and compostable biopolymer mix from which they will make food packaging that will extend the shelf-life of seafood reducing the waste from that industry. This will be done through a new biological fermenation process that will significantly reduce the chemicals and energy consumption of the extraction process.
And it has been equally pleasing to watch the evolution of the key-scientists into business focussed executives capable of taking their business forward.
We wish them luck and will be watching their progress closely