On June 6, 2017, AkzoNobel, a member of the Biobased and Renewable Products Advocacy Group (BRAG®), announced the winners of its Imagine Chemistry challenge. The following winners have been awarded joint development agreements with AkzoNobel’s Specialty Chemicals business to help bring their ideas to market:
- Ecovia Renewables was awarded for its fermentation technology to make polyglutamic acid, which can be used to make thickeners for personal care products and other uses;
- Industrial Microbes was awarded for its solution to use genetically modified microorganisms to turn CO2 and natural gas into key chemical building blocks, such as ethylene oxide; and
- Renmatix was awarded for its technology to use pressurized water to break down plant biomass into cellulosic products with a range of end-use applications.
The awardees were selected from a group of 20 finalists that participated in a three-day event at AkzoNobel’s Deventer Open Innovation Center. In addition to the winners, seven other finalists were awarded prizes, such as a research agreement with AkzoNobel, chemical research support from AkzoNobel, a rent voucher for the Deventer Open Innovation Center, partner support by Icos Capital and KPMG, and partner support by Icos Capital and KPMG. More information on the Imagine Chemistry Challenge is available in the BRAG blog post “AkzoNobel Launches Global Chemicals Start-Up Challenge.”