reNEW Technologies, a biotechnology startup, has a clear mission encapsulated in their slogan: "We are on a mission to repurpose waste to clean." They have developed a patented biothermal 2-step process to ferment and extract volatile fatty acids (VFA) and nutrients (NPK) from biosolids, positioning themselves as a circular enterprise. Notably, this project was incubated within UTB Envirotec and received funding from the European Union's Horizon 2020 initiative. Since its establishment in 2015, the company has been committed to leveraging biotechnology for environmental impact. The United Kingdom serves as the headquarters for this innovative enterprise. The most recent investment of €1.39M came in the form of a grant investment on 01 November 2017, with EASME - EU Executive Agency for SMEs as the investor. This underscores the confidence of the investing entity in the potential of reNEW Technologies to make a significant contribution in the biotechnology landscape.
Funding Stage | Amount | No. Investors | Investors | Date |
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Grant | €1.39M | 1 | EASME - EU Executive Agency for SMEs | 01 Nov 2017 |
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