Sydney-based biotechnology company, Smart MCs, has been awarded AUD$600K by the Australian Government’s Accelerating Commercialisation Grant to revolutionize the bioprocessing industry with its edible microcarriers (MCs) for the emerging cultured meat sector. The company will establish a fully automated edible microcarrier production line with the grant’s funds.
Founded in 2022, Smart MCs focuses on developing efficient and cost-effective methods for the large-scale expansion of cells, with a particular emphasis on cellular agriculture.
The startup was part of Big Idea Ventures’ sixth cohort, which launched with 16 other companies last October. Additionally, it has successfully locked two minimum viable products, closed a pre-seed round, and expanded its team and advisors.
“We are thrilled to have been awarded this grant by the Australian Government, which will allow us to take our microcarrier production to the next level and support the emerging cultured meat industry,” said Payar Radfar, CEO of Smart MCs.
** Click here to read the full-text **
