$2.9 million R&D Grant for Algae
A new method of producing Eicosapentaenoic acid, or EPA from algae has earned the Photonz Corporation a research and development grant – NZ$2.9 million from the Foundation for Research, Science and Technology over the next two years.The company harvested their first batch of algal biomass in April last year, grown in their prototype industrial fermentation plant. The grant will enable Photonz to complete its process development programme, proving the full manufacturing process at prototype industrial scale. It will also fund the development of a technology transfer package that will enable the process to be implemented at full industrial scale by a contract manufacturer. The company is currently in discussions with potential manufacturing partners.
For more refer
http://www.nbr.co.nz/article/29-million-rd-grant-algae-cw-89335
