Nature has a remarkable ability to recycle. It can break apart complex organic materials into simpler compounds. Then nature will re-use those substances to build plants and animals.Last week, Allonnia launched with $40 million in funding to engineer and commercialize microbes to eliminate pollutants in wastewater and soil."The waste problem is vast and growing, and impacts the health of our planet and everyone," said Nicole Richards who joined Allonnia as CEO after a stint at Dupont. "Luckily, nature already uses microbes to break down waste. Allonnia will be accelerating and scaling natural processes to develop new breakthroughs and increase the efficiency of waste remediation."Allonnia is the third company to launch out of the Ferment Consortium, Ginkgo Bioworks' $350 million investment vehicle leveraging biology to solve global challenges and transform established industries. Ferment Consortium companies Joyn Bio, Motif Foodworks, and now Allonnia will utilize Ginkgo's foundry for biological engineering, its iterative codebase model, and an extensive industry network of partners and investors.The company is also backed by Bill Gates' Cascade Investments, Battelle, General Atlantic, and Viking Global Investors.
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Originally published on Forbes https://www.forbes.com/sites/johncumbers/2020/10/28/bill-gates-backed-ginkgo-bioworks-has-a-new-40-million-spin-out-using-synthetic-biology-to-clean-wastewater/?sh=626c8dbc1463
Nature has a remarkable ability to recycle. It can break apart complex organic materials into simpler compounds. Then nature will re-use those substances to build plants and animals.Last week, Allonnia launched with $40 million in funding to engineer and commercialize microbes to eliminate pollutants in wastewater and soil."The waste problem is vast and growing, and impacts the health of our planet and everyone," said Nicole Richards who joined Allonnia as CEO after a stint at Dupont. "Luckily, nature already uses microbes to break down waste. Allonnia will be accelerating and scaling natural processes to develop new breakthroughs and increase the efficiency of waste remediation."Allonnia is the third company to launch out of the Ferment Consortium, Ginkgo Bioworks' $350 million investment vehicle leveraging biology to solve global challenges and transform established industries. Ferment Consortium companies Joyn Bio, Motif Foodworks, and now Allonnia will utilize Ginkgo's foundry for biological engineering, its iterative codebase model, and an extensive industry network of partners and investors.The company is also backed by Bill Gates' Cascade Investments, Battelle, General Atlantic, and Viking Global Investors.
Follow me on LinkedIn. Check out my website.
Originally published on Forbes https://www.forbes.com/sites/johncumbers/2020/10/28/bill-gates-backed-ginkgo-bioworks-has-a-new-40-million-spin-out-using-synthetic-biology-to-clean-wastewater/?sh=626c8dbc1463