TSB & Innovation Norway funding opportunity

IB is defined as “the use of biological substances* for the processing and production of enzymes, chemicals, materials and energy”.

*plants, algae, marine life, fungi, micro-organisms

The estimated global market for IB by 2025: £150 bn - £360 bn

Whilst for the UK: £4 bn - £12 bn

Across a range of sectors: personal care, pharma, food/drink, biofuels & other chemical sectors.

IB can play a critical role in maintaining UK competitiveness in global markets and in the creation of a low-carbon knowledge-based economy in the UK.