The goal of this competition is to bring out the talents and future champions of the French economy through eight strategic goals set by the "Innovation 2030" Commission.
DEINOVE was selected with six other winners in the "Plant protein-based food products and new biobased materials" topic.
The Company will receive 200 000 Euros in subsidies.
DEINOVE (Alternext Paris: ALDEI), an industrial biotech company developing innovative processes for producing biofuels and bio-based chemicals by using Deinococcus bacteria as host strains, announces that it won the first phase of the second edition of the Worldwide Innovation Challenge for its R&D program DEINOPLAST (biobased production of muconic acid) and will be allocated accordingly a subsidy of 200 000 Euros. 70% of this amount has already been paid to the Company.
This World Innovation Competition was initiated by the French government in 2013 to allow the emergence of innovative projects in strategic sectors in France.
DEINOPLAST was selected in the "Plant protein-based food products and new biobased materials" topic.
The DEINOPLAST program, biobased production of muconic acid, as a substitute to petroleum-based plastics and fibers
The DEINOPLAST program develops a process for producing muconic acid from plant raw material. Muconic acid is a chemical molecule whose derivatives - caprolactam, terephthalic acid, and adipic acid - are widely used in the plastics industries (in particular, automobile and packaging), and for the production of fibers for textile or industry (mainly nylon), and food (acidifying).
Biobased muconic acid is a real alternative for the chemical industry because it could replace polluting petroleum-based industrial processes on very significant markets. There is a significant demand for the production of biobased compounds, for example in plastics for food or textiles.
DEINOPLAST, winner of the Worldwide Innovation Challenge within the topic: "Development of plant protein-based food products and plant chemistry projects aiming to develop new materials”
The Worldwide Innovation Challenge has decided to support in this topic projects aiming at developing new methods for producing cost-competitive biobased alternatives that can substitute for petroleum-based products, from the R&D required for optimization to the demonstration phase. This contest is complementary to existing R&D calls for projects, notably the "plant chemistry" AMI (Call for Expressions of Interest) of the “Invest for the Future” programme.
Selected with six other winners from a total of 40 companies competing for the same topic, DEINOVE receives a subsidy of 200 000 Euros.
The projects have been rewarded for their scientific and technical quality, level of innovation, and their expected economic and societal benefits.
"We are extremely proud to have been selected by the Worldwide Innovation Challenge as a promising project for France. This award is recognition of the quality of our technology platform. It confirms our ambition to develop more responsible and sustainable production methods for various compounds and ingredients used in the formulation of everyday products," says Emmanuel PETIOT, CEO of DEINOVE. "We are grateful for the support we receive from the State for our projects."