Biotech Innovations: L'Oreal and Evonik Invest in Abolis Start-Up
Biotech Innovations: L'Oreal and Evonik Invest in Abolis Start-Up
In an exciting leap for biotechnology, L'Oreal and Evonik have joined forces in a $38.6 million funding round aimed at elevating Abolis, a forward-thinking French start-up.
Located in the Genopole, a thriving biotechnology research hub in Evry, south of Paris, Abolis has been consistently driving innovations since its establishment in 2014. The start-up specializes in utilizing micro-organisms for sustainable solutions across various industries.
The Significance of This Investment
- L'Oreal and Evonik are not just investing; they are significantly impacting the direction of biotech.
- The partnership highlights the growing recognition of micro-organisms as key players in sustainable technology development.
- This funding will enable Abolis to enhance its research capabilities and expand its market reach.
A Future Driven by Biotechnology
The collective backing from these industry giants emphasizes the vital role of biotechnology in addressing global challenges. Abolis is set to redefine industry standards and foster advancements in sustainable practices.
For more detailed insights into this exciting development, please visit the source.
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