Synbio Start-Ups Need an Average of 7.4 Years to Launch First Chemical Product
BOSTON - Synthetic biology (synbio) start-ups developing technologies to convert biomass and other non-petroleum feedstocks into chemicals and materials need, on average, 7.4 years to launch a product, according to a Lux Research analysis. Using this data to project the output from the current crop of young synbio companies suggests most are likely to launch first products between 2017 and 2022, with a peak occurring between 2019 and 2020.
"While each company's approach is unique, the lessons learned from the first wave of bio-based materials and chemicals scale-ups and product launches provide valuable insights and lessons," said Julia Allen, Lux Research Analyst and lead author of the report titled, Synthetic Biology: Applications and Lessons Learned in the Field of Bio-based Materials and Chemicals.