Major investment boosts Scottish biotech companies’ ability to scale
Posted On March , 2024
Bio-based businesses in Scotland will have access to a vital new piece of infrastructure helping them to develop products at scale, thanks to an £847,000 investment announced by the Scottish Government’s Minister for Small Business, Innovation, Tourism and Trade, Mr Richard Lochhead.
The funding, awarded to the Industrial Biotechnology Innovation Centre (IBioIC) through Scottish Enterprise, will support the purchase and installation of a 300-litre fermenter to be hosted at FlexBio, the innovation centre’s scale-up facility based at Heriot-Watt University in Edinburgh.
The new equipment at FlexBio will address a key missing component in Scotland’s innovation infrastructure and provide first-of-its-kind support to biotechnology businesses, enabling them to scale up. There is currently limited access to ‘open access’ facilities across the UK, with none in Scotland for businesses to use.
Many bio-based products fail to make it to market because of the challenges associated with transferring laboratory-based science to an industry-ready process. However, infrastructure such as large-capacity fermenters is a huge expense for aspiring bio-based manufacturing companies.
Overcoming this well-recognised ‘valley of death’ for industrial biotechnology is a strategic area of investment for the Scottish Government and a key pillar of the nation’s drive towards net zero by 2045.
Since the IBioIC FlexBio bioprocessing scale-up facility was launched in 2016, it has supported over 60 projects, up to a capacity of 30 litres. The new funding will enable the team to offer up to 10 times that volume, and support Scottish biotech companies with local access to the equipment and skills that they need to de-risk their innovative biotech processes.
Mark Bustard (pictured above), CEO of IBioIC, said: “This funding will make a big difference in terms of the support we are able to offer businesses looking to scale up their processes. Combined with our years of experience at FlexBio supporting a range of early-stage ideas, the 300-litre fermenter will enable us to offer greater assistance to aspiring biotech companies, anchoring them in Scotland.
With critical scale-up infrastructure available for companies to use, we can boost growth in the wider bioeconomy, helping a range of sectors get closer to net zero.”
Innovation Minister Richard Lochhead said: “Now home to more than 200 companies with a turnover of nearly £800 million a year, Scotland has a growing reputation in industrial biotechnology. The Scottish Government, together with our economic agencies, are committed to supporting this high-tech, high-growth industry continues to develop and excel.
This investment will help more businesses overcome the scale-up challenge of turning lab-based science into industry-ready products, and I look forward to it helping encourage further innovations and advancements in the coming years.”
Jane Martin, managing director of innovation and investment at Scottish Enterprise, said: “The challenge of creating an environment where more innovative companies in Scotland can really achieve scale is a critical focus of Scottish Enterprise.
This development will be hugely beneficial for those with that level of ambition within Scotland’s growing industrial biotech sector. “
By providing your details you agree that you wish to receive a regular newsletter and other marketing communications from us. Our newsletter and marketing communications will normally be sent by email. You can unsubscribe at any time by emailing us. Your personal data will be used in accordance with our privacy policy.