Industrial biotechnology is being increasingly considered as a means to lower the dependency on oil-derived raw-materials, increase the use of renewable resources and reduce the use of water, energy and the production of CO2 emissions in the current chemical industry. However, although generally more sustainable and environmentally friendly, bioprocesses are normally not yet economically competitive. SILICO develops rational solutions for the optimization of microbes, targeted at the robust and cost-effective production of target compounds such as bio-fuels, food ingredients, chemical building blocks or biopolymers.
The central objective of this innovation action was to contribute to the move of the company from purely a service provider company into a product oriented company, working in the integrated development of bio-processes, from the in silico design of cell factories to the in vivo implementation by the company itself or in a joint-venture/partnership model. MAGYC was focused on the exploitation of SilicoLife’s core technologies by expanding its activities from in silico design to the actual genetic engineering, creating an opportunity to convert the company operations from a service provider to directly licensing processes ready to be used or validated in pilot plant scale. The innovation strategy plan that was created in this project evaluates the different opportunities to exploit the core technologies of the company considering the industrial biotechnology market.