CuanTec – Idea to Start-Up and Beyond

CuanTec Ltd opened its lab on 9th Jan 2017 with a SEED fund from investors and grant support from SMART Scotland to begin its journey of developing innovative products from raw materials provided by the ocean. SSC UK has been there since the company was just an idea and will continue as the fledgling company begins to develop its products and to commence sales.

The process of moving from a concept, an ambition, to a detailed scientific development and commercial plan with appropriate evidence is not swift. Ideas develop, EU regulations and directives change (in this case for the benefit of the business) and it takes dedication and determination to get to a final point where there is an investable, supportable proposition.

For CuanTec this process has taken 2 ½ years, and has resulted in the launch of a biopolymer manufacturing company who will be researching innovative methods of biological extraction of chitin from the shells of langoustines and from that creating a chitosan based biodegradable, compostable, antimicrobial food packing initially aimed at the fresh seafood market.

Scotland is a great location for this business. A supportive innovation community including the Tech Transfer team at the founder’s alma mater, University of Strathclyde, and the Angel investor fund Gabriel working with local SSC representatives to develop the idea and the team.

The idea itself is a winner – taking the non-edible parts of langoustine and from that creating food packing which will extend shelf-life. This will reduce volumes going to landfill from fish processing, from supermarkets and from households thereby contributing a circular economy solution to the 21 Century blight of food waste.

SSC will continue their involvement with the project, helping the company to grow and succeed, aiding through resource (CEO), strategy and internationalization support.

#business opportunity #market research #business plan #business strategy #funding #grant funding #investors #training #commercialisation awareness #team development

Cuantec
http://www.thenational.scot/news/15035902.Scots__fresh_idea_to_use_shells_to_wrap_up_the_cling_film_market/ 
http://www.strath.ac.uk/whystrathclyde/news/anewforceinthefightagainstfoodwaste/