Pow.Bio Raises $9.5M to Deploy Intelligent Continuous Fermentation Technology to Enable the Future of Biomanufacturing
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Wednesday, October 4, 2023
Software, Research, Professional Services, Venture Capital, Technology, Artificial Intelligence, Other Manufacturing, Science, Chemicals, Plastics, Biotechnology, Manufacturing, Health, Hitachi, Food, Emperor, Shannon Hall, Climate Capitalism, Fermentation, Partner (business rank), Vector, Parity, ISelect, Frustration, SynBio, Synthetic biology, Economics, Cryptocurrency, Video game, The Cantos, Bioproduction
Pow.Bio’s goal is to unlock the economic viability of sustainable biomade products by significantly driving down the high costs associated with biomanufacturing.
Key Points:
- Pow.Bio’s goal is to unlock the economic viability of sustainable biomade products by significantly driving down the high costs associated with biomanufacturing.
- The simple fact is that synthetic biology companies today are unable to manufacture products at a price that can displace unsustainable petrochemical or animal derived alternatives.
- “Early on, we identified continuous fermentation as a necessity to enable cost-competitive, sustainable food production,” said Peter Odemark, co-founder and Managing Partner at Gullspång Re:food.
- Many in this space blame the challenge of cost effective manufacturing on a lack of commercial scale fermentation capacity.