Today, Bolt Threads, previously Refactored Materials announced that they’d raised $40M in their latest round of financing and expect to have their yeast derived spiders silk (10x stronger than steel per weight) available for sale by 2016.
The new Bolt Threads biomaterial will have applications we can only now dream of and likely many, we have yet to dream and this is only the beginning of the new bioeconomy that’s being built around us, in university, commercial and biohacker labs around the world.
Over the last four months, our first IndieBio class in San Francisco (IB1), we’ve seen what’s possible when scientists, innovators and pioneers join together to accelerate how we build our world with biology.Amazing companies, products and services have been built in a spirit of camaraderie and collaboration (both within the first cohort and with the broader community) which is stark contrast to many of the innovation silos we’ve all experienced in academia and industry.
Our first time founders have worked side by side with each other and veteran entrepreneurs and scientists (across all industries) to reimagine a world in which previously intractable problems might now be solved with applied biology.
- Pembient has shaken up the world of Rhino conservation by challenging the status quo, sometimes education isn’t enough, if you have an approach which is failing, change it.
- Clara Foods is helping us to reimagine food with beautiful and delicious Meringues, to start with, which have excited Chef’s globally as a new way to innovating in the kitchen humanely!
- Extem are powering regenerative medicine with the first and most extensive global stem cell bank, supplying researchers globally with the cells they need to deliver on the promise of regenerative medicine, helping patients in dire need.
- Arcturus Biocloud have launched the first consumer biotech cloud service, enabling applied biology and science from anywhere with a simple user interface with users signed up on the platform from over 100+ cities globally (and growing).
These are only a few of the companies who you’ll see presenting on our first Demo day, June 11th, in San Francisco, in which we invite you to attend, our general admissions are now sold out due to massive interest but this event is also for the broader global community and will be live streamed, so whether you’re in SF, Mumbai, London or further afield we invite you to join us! We’ll be sharing our livestream calendar invite on @indbio soon!
If you’re a scientist, entrepreneur or biohacker and have a re-imagined vision of the future, built with applied biology that you’re currently working on or would like to build, we’d also love to invite you to apply for our $250k funding package, we’ll be funding our next class of 15 new companies in SF in September and our first early applications deadline is June 30th 2015, get your application in ASAP, don’t wait for the deadline, as we’re currently interviewing teams for consideration into the next class!