Report
Teaser, summary, work performed and final results
Periodic Reporting for period 1 - Magyc (Integrated rational design of cell factories for high value compounds)
Teaser
Industrial biotechnology is being increasingly considered as a means to lower the dependency on oil-derived raw-materials, increase the use of renewable resources and reduce the use of water, energy and the production of CO2 emissions in the current chemical industry. However...
Summary
Industrial biotechnology is being increasingly considered as a means to lower the dependency on oil-derived raw-materials, increase the use of renewable resources and reduce the use of water, energy and the production of CO2 emissions in the current chemical industry. However, although generally more sustainable and environmentally friendly, bioprocesses are normally not yet economically competitive. SILICO develops rational solutions for the optimization of microbes, targeted at the robust and cost-effective production of target compounds such as bio-fuels, food ingredients, chemical building blocks or biopolymers.
The central objective of this innovation action was to contribute to the move of the company from purely a service provider company into a product oriented company, working in the integrated development of bio-processes, from the in silico design of cell factories to the in vivo implementation by the company itself or in a joint-venture/partnership model. MAGYC was focused on the exploitation of SilicoLife’s core technologies by expanding its activities from in silico design to the actual genetic engineering, creating an opportunity to convert the company operations from a service provider to directly licensing processes ready to be used or validated in pilot plant scale. The innovation strategy plan that was created in this project evaluates the different opportunities to exploit the core technologies of the company considering the industrial biotechnology market.
Work performed
The work developed in the MAGYC project was focus on three lines:
• Evaluation of high value compounds for biotechnological production and hosts
• Evaluation of the company core technologies and existing resources
• Definition of an innovation strategy plan and promotion of its implementation
These results are being used to support the development of new processes for high added-value products that will allow to generate IP on new biogolical and sustainable processes for the production of the small compounds that can be licensed out or used in joint ventures with industrial partners resulting in new royalty revenue streams for the company.
The outputs of the innovation efforts have been used to tackle additional opportunities, that resulted in the approval of an SME Instrument Phase 1 and in the first large collaboration H2020 project lead by SilicoLife.
Final results
The MAGYC project contributed with important know-how in market identification and IP landscape evaluation. Substantial advances in the company innovation were achieved with the definition of the product selection pipeline, a portfolio of high value compounds and the definition of an innovation roadmap.
The results of his work are being used by the company to continue its transition from a service provider to a product-oriented company.
Website & more info
More info: http://www.silicolife.com/.