REG - BSF Enterprise PLC - 3DBT Ltd Secures Prestigious Northern Accelerator

BSF EnterpriseAnnouncement

18/12/2024 07:00

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RNS Number : 4871Q  BSF Enterprise PLC  18 December 2024

London, 18 December 2024

 

BSF Enterprise PLC

 

3DBT Ltd Secures Prestigious Northern Accelerator Growth Support Grant

 

BSF Enterprise PLC ("BSF" or the "Company"), a leading innovator in
tissue-engineered materials, is pleased to announce that its subsidiary 3D
Bio-Tissues Ltd (3DBT) has been awarded a £50,000 Northern Accelerator Growth
Support Grant. This funding will be instrumental in advancing 3DBT's
groundbreaking lab-grown leather technology, transitioning it from lab-scale
development to small-scale manufacturing, and preparing for future
commercialisation.

 

The grant recognises the significant potential of 3DBT's scaffold-free, tissue
engineering technology to deliver disruptive innovation while addressing
critical environmental and ethical challenges in the global leather market,
currently valued at USD 32.26 billion in 2022 and projected to grow to USD
47.89 billion by 2031. With scalability, customisability, and environmental
advantages over traditional and bio-based alternatives, 3DBT's technology is
uniquely positioned to meet the growing demand for sustainable, high-quality
leather products.

 

The Northern Accelerator Growth Support Grant will fund the engagement of
external resources to advance activities essential for transitioning the
Company's lab-grown leather technology from lab-scale to small-scale
manufacturing and preparing for future commercialisation. To achieve these
objectives, the grant will support market research to identify high-growth
opportunities, define revenue streams, and align commercial efforts with key
sectors such as fashion and automotive. Central to these efforts is the
creation of a comprehensive technology roadmap. This roadmap will define the
critical steps to establish a scalable production process, detailing the
entire production lifecycle and addressing technical risks. It will also
provide a clear and actionable plan for setting up a pilot plant-a pivotal
milestone in bridging the gap between innovation and commercial scalability.

 

Northern Accelerator's growth support programme is funded as part of the
In-TUNE project, a collaboration comprising Durham, Newcastle and Northumbria
universities and CPI (Centre for Process Innovation). It is part-funded by the
UK Government through the UK Shared Prosperity Fund, supported by North of
Tyne Combined Authority and Durham County Council. The growth support
programme offers spinouts from partner universities grants to deliver projects
that will trigger or accelerator growth in turnover and/or employment

 

 

Dr. Che Connon, CEO and Founder of 3DBT, commented: "This grant award is a
pivotal moment for 3DBT. It enables us to accelerate the commercialisation of
our lab-grown leather technology and underscores the growing recognition of
its transformative potential. With this support, we are well-positioned to
deliver a sustainable and scalable alternative to traditional leather."

 

3DBT remains dedicated to revolutionising the leather industry through
sustainable innovation and will provide updates as the roadmap and pilot plant
development progress.

 

 

For further enquiries, please visit www.bsfenterprise.com or contact:

 

BSF Enterprise PLC

Geoff Baker - Executive Director

Che Connon - CEO & Director

 

Shard Capital (Broker)

Damon Heath

Isabella Pierre

0207 186 9000

0207 186 9927

 

About BSF Enterprise PLC BSF Enterprise PLC (BSF) develops and commercialises
cutting-edge tissue-engineered solutions, including lab-grown leather,
cultivated meat, and corneal repair technologies. By leveraging its
proprietary scaffold-free platform, BSF aims to deliver sustainable
alternatives to traditional materials and meet global demand for
environmentally responsible innovations.

 

About 3D Bio-Tissues 3D Bio-Tissues (3DBT) specialises in the creation of
lab-grown tissues using advanced bioengineering techniques. Its scaffold-free
lab-grown leather technology replicates the composition, texture, and
performance of traditional leather without environmental and ethical
drawbacks. For more information, visit www.3dbiotissues.com
(https://www.3dbiotissues.com/) .

 

About Northern Accelerator Northern Accelerator is an innovative collaboration
between Durham, Newcastle, Northumbria, Sunderland, Teesside and York
Universities. It has transformed research commercialisation in the North East,
helping address regional imbalance and strengthening the region's knowledge
economy. We support academics and business leaders to create promising
spin-out businesses from their world-leading academic research. These
businesses create high quality jobs and raise significant investment in the
North East and North Yorkshire.

 

Northern Accelerator is funded by Research England's Connecting Capability
Fund and the InTUNE partnership which is funded by the  UK Government through
the UK Shared Prosperity Fund with the North of Tyne Combined Authority and
Durham County Council.

 

 

 

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