ExoPolymer Receives Scale-up Grant from Illinois Corn Marketing Board
ExoPolymer, an emerging industrial biotech company focused on next-generation biopolymers, or hydrocolloids, is pleased to announce they have received a grant from the Illinois Corn Marketing Board to conduct scale-up efforts at the National Corn-to-Ethanol Research Center (NCERC). Hydrocolloids, which can be manufactured using corn as a feedstock, have a broad and growing range of healthcare, personal care, food, and materials applications.
According to Dave Loos, Director of Biofuels and Research at Illinois Corn, “Getting companies like ExoPolymer to come to Illinois and see everything we have to offer is a great way to showcase all the state can do for industrial biotech companies. ”
Derek Wells, CEO of ExoPolymer, says: “Illinois has great facilities for scale up and commercialization, and working with NCERC gives us access to experts who have taken new products from the lab bench to the market.”
The work done at NCERC will help ExoPolymer develop a thorough technoeconomic plan and also provide substantial amounts of sample for distribution to future customers and additional testing.
ExoPolymer has been awarded a Phase I SBIR grant under the Biofuel and Bio-Based Products topic area from the National Institute of Food and Agriculture, part of the USDA. This non equity funding will help us develop robust fermentation processes and map rheological performance of our next generation hydrocolloids. We are eager to start work on the project and generate important data for our strains and products!
ExoPolymer, a biotechnology company that specializes in next generation biopolymers for the healthcare, personal care, and food markets, is pleased to announce the first major participant in our Seed funding round, the Investment Group of Santa Barbara (IGSB). IGSB has funded a diverse set of companies in their portfolio and has a strong track record of success. Their early participation will allow ExoPolymer to expand operations and to conduct specific research activities for our first target market.
ExoPolymer produces new and improved biopolymers, or hydrocolloids, using our proprietary biological production systems. Our products have differential performance in comparison to incumbent molecules such as xanthan, guar, and gellan gums, and the potential to expand hydrocolloid use in a diverse array of markets.
We are excited to have IGSB as an investor and we look forward to continuing our momentum into the new year!
At the BIO World Congress on Industrial Biotechnology and AgTech in Des Moines, Iowa, the National Corn Growers Association (NCGA) announced the winners of the Consider Corn Challenge II. Three winners were chosen, each with a unique technology to improve a product or process using field corn to produce biobased materials.
“Corn is a sustainable, abundant and affordable industrial feedstock that, as these companies have demonstrated, has myriad uses,” said Director of Market Development Sarah McKay. “The winners of the Consider Corn Challenge will help America’s corn farmers partner with industry to establish new uses of corn. This challenge continues to highlight the fact that U.S. corn is an extremely flexible feedstock for biobased products.”