Biotechnology companies, Algalíf Iceland and ImmunRise Biocontrol France have entered into formal discussions regarding a long-term strategic partnership for the development of a large-scale microalgae industrial center that will be the essential component for the development of new types of biocontrol solutions from microalgae for various sectors of the agriculture industry.
Starting the 1st of September 2023, along with the successful bid for EUREKA Eurostars 3 – Call for their project SEEDS OF LAVA (SOLA), both companies will aim to extend their innovative development by complementing their current strengths. The strategic partnership will establish a strong base for the development of new natural biocontrol products dedicated for plant protection in the agriculture market. The global biocontrol market turnover is valued at USD 6.5 Billion in 2022 and is expected to reach USD 13.7 Billion by 2027.
Joint Press Release Algalif-IBF
