A team from The University of Manchester has secured a place in the final of a national competition to find the entrepreneurial bioscientists of the future.
BioTherma Ltd beat off stiff competition from 16 teams from eight universities and institutes in the Manchester workshop of the Biotechnology Young Entrepreneurs Scheme (Biotechnology YES) 2013 competition. They will fly the flag for Manchester in December in London at the UK finals where the winning team will collect £2,500, an invitation to attend the BIA Gala Dinner and the opportunity to attend the premier regional US Business Plan Competition at Rice University in Houston, Texas.
BioTherma Ltd has genetically modified composting bacteria to produce temperatures in excess of 200⁰C. This thermal energy is then converted into electricity, enabling the conversion of organic waste into kilowatts more efficiently than any other process. They are selling this technology to farms and waste management companies in conjunction with a quarterly maintenance service, providing their customers with huge profits when electricity is sold to the national grid.
BioTherma CEO, Lee Dunham, commented: “Despite being a very busy few days, the Biotech YES NW workshop was absolutely fantastic. We all found the talks and mentors to be hugely beneficial, and we all learnt a great deal throughout the competition regarding the business side of biotechnology. Now onto London for the final!”