Lucent Bio Secures Over $3.6M in Funding for Scale-up and Commercialization of Innovative Microplastic-Free Seed Coating Technology
Summary
Nutreos is a biodegradable and micro-plastic free seed coating designed to promote strong germination, vigour, and crop establishment, supporting the transition of traditional agriculture inputs to sustainable alternatives.The secured funding will play a vital role in advancing Nutreos:Research and Development: This investment allocates resources to enhance the formulation and effectiveness of Nutroes as it transitions from a lab concept to a field-ready product. This funding will support Lucent Bio as they increase their marketing capacity and optimize their manufacturing processes, creating quality jobs and helping propel B.C.s economy forward. With the construction of a new manufacturing plant in BC, were not only creating exciting new jobs in the emerging field of agritech but also taking a significant step towards reducing carbon emissions in agriculture. "- Michael Riedijk, CEO and Founder Lucent BioSciences.For further details on our sustainable agricultural solutions and recent funding news, visit our website or reach out to our media relations team at [email protected]. PacifiCan works with partners who are building innovative businesses, creating quality jobs, and supporting inclusive growth throughout British Columbia.
Funding
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