Science & Technology: MiAlgae Secures £14 Million for Scaling Production in Scotland
Wednesday, 18 September 2024, 09:04
MiAlgae's Achievement in Funding
MiAlgae, a tech startup focused on sustainable solutions in the food & drink sector, has successfully secured £14 million through an oversubscribed funding round. This significant investment is aimed at scaling up its commercialisation efforts, marking a crucial step in the startup's journey.
Plans for Industrial Scale Production
- The funds will be used to build an industrial-scale production facility in Scotland.
- This facility is expected to boost local employment and innovation in the sector.
- MiAlgae's technology uses algae to produce sustainable food sources.
The initiative highlights the potential of science & technology in transforming food & drink industries while contributing to Scotland's enterprise growth.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.