Project description
Sustainable dyes made from recycled biomass
The EU-funded NextGen Dyes project is spurring developments in biotechnology for sustainable dye production. With the support of the European Innovation Council and coordinated by SYNOVANCE, the project is applying this company’s proprietary IT and molecular engineering technology on biomass waste in order to produce top-quality and eco-friendly dyes for use in textile and other industries. Products advanced by NextGen Dyes compete with synthetic dyes as equally performing, cleaner and safer for both environment and human health. The coordinator’s top-seller sustainable dye has already gained a 50 % market share, showing a fast and astonishing return on investment and profitability of the whole endeavour in the next three to four years.
Objective
We are using biotechnology to address three global problems, sustainability, pollution, waste management. We produce eco-friendly, high-performance textile dyes from microorganisms through an efficient bio-production process. Our production is based on the use of our proprietary Synthetic Genomics platform, i.e. computational and genomic tools to engineer bacteria that produce colors from biomass waste streams. Our technologies provide solutions for the problems facing the textile industry, as our bio-produced dyes have the same dyeing performance as synthetic dyes but are cleaner to produce (independent from oil and toxic chemicals), safer to wear and are ready to be used by manufacturers.
We will sell our flagship product, indigo blue, to dyeing houses/fabric manufacturers, full range of colors in following years. Achieving 50% market share at one of our large denim targets would be enough to meet 2025 business plan. We will reach 24M revenues with gross margin of 67% in 2026.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- natural sciences biological sciences genetics
- engineering and technology environmental engineering waste management
- engineering and technology materials engineering colors
- natural sciences biological sciences microbiology bacteriology
- engineering and technology materials engineering textiles
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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HORIZON.3.1.2 - The Accelerator
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended Finance
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2021-ACCELERATORCHALLENGES-01
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
94360 Bry-Sur-Marne
France
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.