DMC Biotechnologies receives additional NSF commercialisation award
The US National Science Foundation (NSF) has awarded an additional US$500 000 to DMC Biotechnologies Inc., through its Small Business Innovation Research (SBIR) Phase IIB program. This is in addition to over US$960 000 previously awarded to DMC by NSF through the SBIR Phase I and II programs. The additional funding will support the ongoing commercialization efforts of the company's Dynamic Metabolic Control technology platform.
DMC is scaling up to be a multi-product biobased chemical company. The first product family to come to market in 2020 will be specialty amino acids for food and feed. Pipeline product families include a variety of compounds with market applications in nutrition, personal care, flavour and fragrance, and fine chemicals.
The highly competitive NSF SBIR program seeks to transform early-stage scientific discovery into a societal and economic benefit by catalyzing private sector commercialization of technological innovations.
We are honoured to receive the continued support of the National Science Foundation towards the commercialization of our biobased specialty products. The NSF has been a vital partner in DMC’s growth, providing financial support and validation of our technology and business approach. The strong progress we have made with our projects and partners was instrumental in DMC receiving this supplemental funding from NSF, said Dr Matt Lipscomb, CEO & Co-Founder of DMC.
About the National Science Foundation
America’s Seed Fund powered by the National Science Foundation (NSF) awards US$200 million annually to startups and small businesses, transforming scientific discovery into products and services with commercial and societal impact. Startups working across almost all areas of science and technology can receive up to US$1.5 million in non-dilutive funds to support research and development (R&D), helping de-risk technology for commercial success.
America’s Seed Fund is congressionally mandated through the Small Business Innovation Research (SBIR) program. The NSF is an independent federal agency with a budget of about US$8.1 billion that supports fundamental research and education across all fields of science and engineering.