Press release
Mimicrete Announces InnovateUK Smart Grant and Funding from US-based Venture Investors for Commercial Pilot with JP Concrete
Founders from the University of Cambridge along with Cambridge Future Tech (CFT) Launch Mimicrete to Advance Next-gen Self-Healing Concrete
Cambridge, UK - June 28, 2022 - Cambridge University material science start-up, Mimicrete, announces its maiden commercial pilot with JP Concrete to advance the development of its proprietary self-healing concrete, extending the useful life of new infrastructure and construction projects while greatly reducing unnecessary costs and carbon emissions.
"When the Cambridge team approached us to collaborate on Mimicrete's exciting new research, we were delighted to be involved in advancing this technology" says Vignesh Daas, Director at JP Concrete Products.
"The support from Innovate UK allows Mimicrete to continue developing the research into the vascular system for self-healing and provides a platform for commercialisation" says Dr Lívia Ribeiro De Souza, CTO at Mimicrete and PostDoc Researcher at the University of Cambridge.
Leveraging work conducted within the University of Cambridge's Geotechnical and Environmental Research Group, Mimicrete's three female founders, along with deep-tech venture builder, Cambridge Future Tech (CFT), developed a unique approach to disrupt the £800bn global concrete market, which accounts for up to 8% of annual carbon emissions today. The UK spends £51Bn annually on maintaining infrastructure, the most significant use of concrete products.
"With innovation like Mimicrete's we can help de-carbonize the construction industry by using less concrete, cutting ongoing maintenance expenditures, yearly carbon emissions and reducing the overall environmental impact" says Arta Selmani, CEO at Mimicrete.
With funding from the prestigious InnovateUK Smart Grant scheme and backing from US-based Venture Investors such as Vest Coast Capital and Leonas Capital, Mimicrete is well positioned to deliver against its near-term R&D and commercialization plans.
"An InnovateUK grant and US venture investment really helps Mimicrete bring this research to fruition and increase our viability." says Dr. Liz Zijing Li, COO at Mimicrete and PhD from University of Cambridge.
The company intends to target select markets within the construction and infrastructure sector, where Mimicrete's value proposition provides a distinct competitive advantage.
"Mimicrete's technology improves the structural performance of concrete infrastructure and minimises carbon impact" says George Neville-Jones, CFO and Co-Founder at Cambridge Future Tech, a Venture Builder Supporting Mimicrete.
Cambridge Future Tech, 184 Cambridge Science Park Rd, Cambridge, United Kingdom CB4 0GA
About Mimicrete:
Mimicrete is an advanced materials science start up developing novel self-healing concrete. The technology was developed via a doctorate within the University of Cambridge's Geotechnical and Environmental Research Group in the Department of Engineering. For more information, please visit www.mimicrete.com
Media/Investor Contact:
Arta Selmani
Arta@Mimicrete.com
Cambridge, UK - June 28, 2022 - Cambridge University material science start-up, Mimicrete, announces its maiden commercial pilot with JP Concrete to advance the development of its proprietary self-healing concrete, extending the useful life of new infrastructure and construction projects while greatly reducing unnecessary costs and carbon emissions.
"When the Cambridge team approached us to collaborate on Mimicrete's exciting new research, we were delighted to be involved in advancing this technology" says Vignesh Daas, Director at JP Concrete Products.
"The support from Innovate UK allows Mimicrete to continue developing the research into the vascular system for self-healing and provides a platform for commercialisation" says Dr Lívia Ribeiro De Souza, CTO at Mimicrete and PostDoc Researcher at the University of Cambridge.
Leveraging work conducted within the University of Cambridge's Geotechnical and Environmental Research Group, Mimicrete's three female founders, along with deep-tech venture builder, Cambridge Future Tech (CFT), developed a unique approach to disrupt the £800bn global concrete market, which accounts for up to 8% of annual carbon emissions today. The UK spends £51Bn annually on maintaining infrastructure, the most significant use of concrete products.
"With innovation like Mimicrete's we can help de-carbonize the construction industry by using less concrete, cutting ongoing maintenance expenditures, yearly carbon emissions and reducing the overall environmental impact" says Arta Selmani, CEO at Mimicrete.
With funding from the prestigious InnovateUK Smart Grant scheme and backing from US-based Venture Investors such as Vest Coast Capital and Leonas Capital, Mimicrete is well positioned to deliver against its near-term R&D and commercialization plans.
"An InnovateUK grant and US venture investment really helps Mimicrete bring this research to fruition and increase our viability." says Dr. Liz Zijing Li, COO at Mimicrete and PhD from University of Cambridge.
The company intends to target select markets within the construction and infrastructure sector, where Mimicrete's value proposition provides a distinct competitive advantage.
"Mimicrete's technology improves the structural performance of concrete infrastructure and minimises carbon impact" says George Neville-Jones, CFO and Co-Founder at Cambridge Future Tech, a Venture Builder Supporting Mimicrete.
Cambridge Future Tech, 184 Cambridge Science Park Rd, Cambridge, United Kingdom CB4 0GA
About Mimicrete:
Mimicrete is an advanced materials science start up developing novel self-healing concrete. The technology was developed via a doctorate within the University of Cambridge's Geotechnical and Environmental Research Group in the Department of Engineering. For more information, please visit www.mimicrete.com
Media/Investor Contact:
Arta Selmani
Arta@Mimicrete.com
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
