SubsidieMeestersEfficient bio-production of next generation dyes for sustainable fashion
We are developing eco-friendly textile dyes from microorganisms using synthetic genomics to enhance sustainability and reduce pollution in the textile industry, targeting €24M revenue by 2026.
Projectdetails
Introduction
We are using biotechnology to address three global problems: sustainability, pollution, and waste management.
Eco-friendly Textile Dyes
We produce eco-friendly, high-performance textile dyes from microorganisms through an efficient bio-production process. Our production is based on the use of our proprietary Synthetic Genomics platform, which includes computational and genomic tools to engineer bacteria that produce colors from biomass waste streams.
Solutions for the Textile Industry
Our technologies provide solutions for the problems facing the textile industry. Our bio-produced dyes have the same dyeing performance as synthetic dyes but are:
- Cleaner to produce (independent from oil and toxic chemicals)
- Safer to wear
- Ready to be used by manufacturers
Market Strategy
We will sell our flagship product, indigo blue, to dyeing houses and fabric manufacturers, with a full range of colors planned for the following years.
Business Goals
Achieving a 50% market share at one of our large denim targets would be enough to meet our 2025 business plan. We will reach €24M in revenues with a gross margin of 67% in 2026.
Financiële details & Tijdlijn
Financiële details
| Subsidiebedrag | € 1.947.888 |
| Totale projectbegroting | € 2.782.697 |
Tijdlijn
| Startdatum | 1-2-2022 |
| Einddatum | 31-1-2025 |
| Subsidiejaar | 2022 |
Partners & Locaties
Projectpartners
- SYNOVANCEpenvoerder
Land(en)
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