Sydney’s biotech industry has received a major fillip to its first stage funding with local biotech startup Algenie receiving $1.1 million. The firm is in the process of designing a revolutionary system for algae growth with the aim of transforming material production especially with regard to clean plastics.

Algenie’s business idea is thus based on an innovative technology that brings out algae to work on healthy green substitutes for plastics. The algae due to its nature, has growth conditions that can be enhanced through the right technology that the company has developed to create market value from algae biomass to feed into other sustainable products.

The funding was received from a pack of venture and angel investors and they have focused on Algenie as they understand that its technology can help to overcome many environmental issues all around the world with $1.1 million investment. It will be a great boost to the companys R&D programs as well as helping the company expand its capacity.

The four experts that founded Algenie have amply expertise in comprehending the feasibility and potential of the biotechnological company and now that the funding has arrived, their morale is high. What they fail to realise is that their idea of algae-based solution maybe could have a great potential for addressing the issues of complete or partial substitution of traditional plastic materials that are so hazardous to the environment.

The system is based on highly developed bioreactor designs and superior algorithms that enable the company to provide the ideal environment for particular algae species. This approach enables the creation of high quality biomass with desirable characteristics ideal for use within the material industry.

To some extent, Algenie can bring benefits in generating bio-plastics which possess non-inferior performance as well as durability to traditional plastics. This aspect has attracted interest across the packaging, consumer and automotive goods segments – sectors that are currently experiencing pressure to embrace sustainability.

The approval of funding from Algenie has been hailed as a shot in the arm for Sydneys Biotechnology industry. They prove that San Francisco is becoming the new frontier of highly innovative start-ups focused on solving serious global problems with the help of science and technologies. Government executives have greeted the news, pointing to it as the kind of initiative they intend to encourage in the area.

Environmental organization has also given positive response to algenie’s advancement towards the production to counter the fossil fuel plastic dependent industry. They stress on necessity fundamental for such actions having regard to the problem of pollution of sea waters and garbage disposal.

Algenie seems to have laid down its plans and is on the lookout for people that they intend to hire so that can build more capacity and also seek to partner with some of the significant players in the industry. The founders have also presented their plan to achieve a closed loop system on algae derived biomaterials where products can be repurposed or disintegrated back into the environment at their end of use.

The sustainable material market is expected to expand in the future to achieve a maximum amount as the remaining world becomes more aware of environmental issues and governments continue to ban the use of plastics. Algenie stands well to benefit from this trend since its technology is capable of addressing the challenge of how to produce the green products at low cost.

Algenie could be a sign of things to come for Australia and its nascent bioeconomy sector if other players follow Berghammers lead in investing in this up and coming industry. It also supports the ideas of national goals for the shift to sustainable and innovative economy.

Another future issue that the business is likely to encounter as it advances its technological platform and transits from a research to a business organization is that of having to figure out how best to optimize algae production and at the same time ensure that its biopolymer Algenie materials produced are of equal quality and standard. The founders do not shy away from the fact that to get there is still a long way to go, yet they perceive the opportunities for the created work.

Algenie’s story is a great way to show how startups of local provenance can positively affect the world’s problems of environmental pollution. Sydney is still coming of age in terms of incubating and supporting innovative technologies and companies like Algenie are set to write the sustainable future with each new algae cell.