€1.1mln grant to support protein-based bio-bactericides research

Biotalys NV, a transformative food and crop protection company, today announced that it has been awarded a €1.1 million research grant from Flanders Innovation & Entrepreneurship (VLAIO). The grant will run over three years and will support the development of the Company’s novel protein-based bio-bactericides for the management of bacterial plant diseases.

Hilde Revets, CSO of Biotalys, commented, “We are very pleased with the financial support and recognition from VLAIO and their commitment to continue to stimulate entrepreneurship and innovation in Belgium. We have significantly invested in the build-out of our technology platform to generate novel and innovative protein-based biocontrol solutions to treat plant pests and diseases. The funding will allow us to accelerate our research and development activities of our protein-based biocontrol solutions with completely new mechanisms-of-action for the management of bacterial plant diseases, including cankers, blight and spots.”

Wim Ottevaere, CFO of Biotalys, commented, “Research grants are an attractive source of non-dilutive funding for our company and this is the second VLAIO grant we received this year, clearly demonstrating the innovative potential of our platform. Bacterial diseases cause major damage to food and crops around the world and there is an urgent need for novel and safe solutions with consistent high efficacy to protect crops and reduce food waste. We strongly believe that our bio-bactericide program has the potential to address these needs and we look forward to progressing this innovative biocontrol further in development.”

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