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BSF Enterprise PLC ( (GB:BSFA) ) just unveiled an announcement.
BSF Enterprise PLC’s subsidiary, 3D Bio-Tissues Ltd, has received a £50,000 Northern Accelerator Growth Support Grant to advance its lab-grown leather technology. This funding will facilitate the transition from lab-scale to small-scale manufacturing, aiding in the commercialisation of their sustainable leather alternative. The technology presents significant potential in addressing environmental and ethical challenges in the leather market, which is projected to grow substantially by 2031. The grant will support market research and the development of a technology roadmap, crucial for establishing a scalable production process and setting up a pilot plant, thus positioning 3DBT to meet the rising demand for sustainable leather products.
More about BSF Enterprise PLC
BSF Enterprise PLC 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.
YTD Price Performance: -76.83%
Average Trading Volume: 188,495
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £2.45M
Find detailed analytics on BSFA stock on TipRanks’ Stock Analysis page.
