Biobased Chemical Industry Venture Funding Dries Up

A venture funding boom for biobased materials and chemical start-ups is nearing an end as the market matures, according to a Lux Research report released Oct. 18.

Over the past seven years investors have poured $3.1 billion into ventures that utilize biomass to replace petrochemicals in chemical products, such as polyethylene. But a wave of IPOs and major acquisitions of the once-fledgling companies indicates the industry is rapidly maturing, says Mark Bunger, a Lux Research director and lead author of the report.

… Full text: www.industryweek.com/articles/_biobased_chemical_industry_venture_funding_dries_up_25831.aspx?SectionID=4

Keywords: acquisitions, artificial photosynthesis, novel molecules, biomimetic structural materials, microfabrication, synthetic biology

Source

IndustryWeek, 2011-10-18.

Supplier

Lux Research, Inc.

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